Tutor Perini Co. (NYSE:TPC) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in Tutor Perini Co. (NYSE:TPC) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 556,078 shares of the construction company’s stock after acquiring an additional 19,694 shares during the period. JPMorgan Chase & Co.’s holdings in Tutor Perini were worth $13,457,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its holdings in Tutor Perini by 35.3% in the third quarter. The Manufacturers Life Insurance Company now owns 22,827 shares of the construction company’s stock valued at $620,000 after purchasing an additional 5,953 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Tutor Perini by 7.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,331 shares of the construction company’s stock valued at $1,639,000 after buying an additional 4,070 shares during the period. State Street Corp boosted its stake in shares of Tutor Perini by 2.0% in the third quarter. State Street Corp now owns 975,082 shares of the construction company’s stock worth $26,483,000 after buying an additional 19,518 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in Tutor Perini during the third quarter worth about $234,000. Institutional investors and hedge funds own 65.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TPC shares. B. Riley raised Tutor Perini to a “strong-buy” rating in a report on Tuesday, March 18th. StockNews.com lowered shares of Tutor Perini from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th.

Tutor Perini Price Performance

NYSE:TPC opened at $20.88 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.53. Tutor Perini Co. has a 52 week low of $13.15 and a 52 week high of $34.55. The stock’s 50-day moving average price is $23.72 and its 200-day moving average price is $25.42. The stock has a market capitalization of $1.10 billion, a PE ratio of -8.32 and a beta of 1.47.

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

About Tutor Perini

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.