American Century Companies Inc. Trims Position in Tutor Perini Co. (NYSE:TPC)

American Century Companies Inc. reduced its holdings in Tutor Perini Co. (NYSE:TPC) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,128,079 shares of the construction company’s stock after selling 14,132 shares during the period. American Century Companies Inc. owned about 2.15% of Tutor Perini worth $27,300,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TPC. Commonwealth Equity Services LLC boosted its holdings in Tutor Perini by 7.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company’s stock valued at $249,000 after purchasing an additional 700 shares during the last quarter. FMR LLC lifted its holdings in shares of Tutor Perini by 103.1% in the 3rd quarter. FMR LLC now owns 4,725 shares of the construction company’s stock valued at $128,000 after buying an additional 2,399 shares during the period. Martingale Asset Management L P boosted its stake in shares of Tutor Perini by 21.8% in the third quarter. Martingale Asset Management L P now owns 20,806 shares of the construction company’s stock worth $565,000 after buying an additional 3,721 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Tutor Perini by 7.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,331 shares of the construction company’s stock worth $1,639,000 after acquiring an additional 4,070 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in Tutor Perini by 35.3% during the third quarter. The Manufacturers Life Insurance Company now owns 22,827 shares of the construction company’s stock valued at $620,000 after acquiring an additional 5,953 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

Analysts Set New Price Targets

TPC has been the topic of several recent research reports. Vertical Research initiated coverage on Tutor Perini in a research report on Tuesday, December 10th. They issued a “buy” rating and a $38.00 price objective on the stock. B. Riley raised shares of Tutor Perini to a “strong-buy” rating in a report on Tuesday, March 18th. Finally, StockNews.com cut shares of Tutor Perini from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th.

Tutor Perini Trading Down 2.5 %

Shares of TPC stock opened at $23.57 on Friday. Tutor Perini Co. has a 1-year low of $13.15 and a 1-year high of $34.55. The company has a market cap of $1.24 billion, a price-to-earnings ratio of -9.39 and a beta of 1.73. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a 50 day simple moving average of $24.41 and a 200-day simple moving average of $25.70.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings data on Thursday, February 27th. The construction company reported ($1.51) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($1.80). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. During the same quarter in the prior year, the company posted ($0.91) earnings per share.

Tutor Perini Company Profile

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.