Public Employees Retirement System of Ohio Decreases Position in Tutor Perini Co. (NYSE:TPC)

Public Employees Retirement System of Ohio trimmed its holdings in shares of Tutor Perini Co. (NYSE:TPC) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,927 shares of the construction company’s stock after selling 1,222 shares during the period. Public Employees Retirement System of Ohio owned about 0.14% of Tutor Perini worth $1,813,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TPC. State of Wyoming lifted its stake in shares of Tutor Perini by 39.7% in the 4th quarter. State of Wyoming now owns 6,212 shares of the construction company’s stock valued at $150,000 after acquiring an additional 1,764 shares during the last quarter. Optimize Financial Inc purchased a new position in Tutor Perini in the 4th quarter worth approximately $221,000. KLP Kapitalforvaltning AS bought a new stake in Tutor Perini in the fourth quarter valued at approximately $232,000. Commonwealth Equity Services LLC lifted its position 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. Finally, EP Wealth Advisors LLC boosted its stake in shares of Tutor Perini by 19.5% during the fourth quarter. EP Wealth Advisors LLC now owns 10,294 shares of the construction company’s stock valued at $249,000 after purchasing an additional 1,680 shares during the period. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Raymond R. Oneglia sold 25,000 shares of the company’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $36.14, for a total value of $903,500.00. Following the sale, the director now directly owns 90,470 shares of the company’s stock, valued at $3,269,585.80. This represents a 21.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 17.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on TPC shares. Wall Street Zen raised shares of Tutor Perini from a “hold” rating to a “buy” rating in a research note on Thursday, May 8th. B. Riley raised shares of Tutor Perini to a “strong-buy” rating in a report on Tuesday, March 18th. Finally, UBS Group boosted their price objective on shares of Tutor Perini from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, May 9th.

Tutor Perini Price Performance

Shares of Tutor Perini stock opened at $36.94 on Monday. The business has a 50 day moving average of $26.44 and a 200 day moving average of $25.60. Tutor Perini Co. has a 52 week low of $14.50 and a 52 week high of $37.77. The company has a market cap of $1.95 billion, a PE ratio of -14.72 and a beta of 1.62. 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 (NYSE:TPC) last issued its quarterly earnings data on Wednesday, May 7th. The construction company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.06 by $0.47. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.08 billion. Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. The company’s revenue for the quarter was up 18.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 EPS.

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.