Voya Investment Management LLC Sells 1,125 Shares of Tutor Perini Co. (NYSE:TPC)

Voya Investment Management LLC trimmed its holdings in Tutor Perini Co. (NYSE:TPC) by 7.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,279 shares of the construction company’s stock after selling 1,125 shares during the quarter. Voya Investment Management LLC’s holdings in Tutor Perini were worth $321,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its stake in shares of Tutor Perini by 15.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 111,873 shares of the construction company’s stock worth $2,708,000 after acquiring an additional 14,572 shares during the last quarter. Hsbc Holdings PLC raised its position in Tutor Perini by 9.8% in the 4th quarter. Hsbc Holdings PLC now owns 31,031 shares of the construction company’s stock worth $743,000 after purchasing an additional 2,759 shares during the last quarter. Mirova bought a new position in Tutor Perini in the 4th quarter worth approximately $1,359,000. Covalis Capital LLP acquired a new position in Tutor Perini during the 4th quarter worth $1,666,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Tutor Perini by 6.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,825,350 shares of the construction company’s stock valued at $68,373,000 after buying an additional 170,440 shares during the period. Institutional investors own 65.01% of the company’s stock.

Tutor Perini Price Performance

TPC opened at $32.55 on Monday. The company has a fifty day moving average price of $23.14 and a two-hundred day moving average price of $24.74. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.55. Tutor Perini Co. has a 52 week low of $14.50 and a 52 week high of $34.55. The firm has a market capitalization of $1.72 billion, a PE ratio of -12.97 and a beta of 1.62.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings results on Wednesday, May 7th. The construction company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.47. Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company earned $0.30 EPS. The firm’s revenue was up 18.8% on a year-over-year basis.

Analyst Upgrades and Downgrades

TPC has been the topic of several research reports. StockNews.com raised Tutor Perini from a “hold” rating to a “buy” rating in a research note on Thursday. UBS Group boosted their price objective on Tutor Perini from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Friday. Finally, B. Riley upgraded shares of Tutor Perini to a “strong-buy” rating in a research report on Tuesday, March 18th.

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.