John G Ullman & Associates Inc. Has $3.90 Million Position in Tutor Perini Corp (NYSE:TPC)

John G Ullman & Associates Inc. raised its position in shares of Tutor Perini Corp (NYSE:TPC) by 23.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 227,975 shares of the construction company’s stock after acquiring an additional 43,675 shares during the period. John G Ullman & Associates Inc. owned approximately 0.45% of Tutor Perini worth $3,903,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Frontier Capital Management Co. LLC raised its position in shares of Tutor Perini by 14.9% in the fourth quarter. Frontier Capital Management Co. LLC now owns 4,775,719 shares of the construction company’s stock valued at $76,268,000 after buying an additional 618,081 shares in the last quarter. Vanguard Group Inc raised its position in shares of Tutor Perini by 1.9% in the third quarter. Vanguard Group Inc now owns 3,536,522 shares of the construction company’s stock valued at $66,488,000 after buying an additional 65,931 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Tutor Perini by 1.9% in the third quarter. Vanguard Group Inc. now owns 3,536,522 shares of the construction company’s stock valued at $66,488,000 after buying an additional 65,931 shares in the last quarter. BlackRock Inc. raised its position in shares of Tutor Perini by 7.4% in the fourth quarter. BlackRock Inc. now owns 2,753,232 shares of the construction company’s stock valued at $43,972,000 after buying an additional 188,564 shares in the last quarter. Finally, Donald Smith & CO. Inc. raised its position in shares of Tutor Perini by 191.6% in the fourth quarter. Donald Smith & CO. Inc. now owns 1,751,728 shares of the construction company’s stock valued at $27,975,000 after buying an additional 1,151,076 shares in the last quarter. Institutional investors own 89.60% of the company’s stock.

TPC traded up $0.08 during trading on Friday, hitting $15.29. 263,443 shares of the stock traded hands, compared to its average volume of 379,917. The company has a market cap of $790.34 million, a P/E ratio of 8.01, a P/E/G ratio of 0.75 and a beta of 1.92. Tutor Perini Corp has a twelve month low of $14.66 and a twelve month high of $22.02. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.09 and a quick ratio of 2.09.

Tutor Perini (NYSE:TPC) last posted its earnings results on Wednesday, May 8th. The construction company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.06). The company had revenue of $958.49 million for the quarter, compared to the consensus estimate of $1.01 billion. Tutor Perini had a return on equity of 5.42% and a net margin of 2.17%. On average, analysts expect that Tutor Perini Corp will post 2.11 earnings per share for the current fiscal year.

In related news, CEO Ronald N. Tutor sold 50,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $16.55, for a total value of $827,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder N. Tutor Separate Prope Ronald sold 20,000 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $16.51, for a total transaction of $330,200.00. Following the completion of the sale, the insider now directly owns 5,594,050 shares in the company, valued at approximately $92,357,765.50. The disclosure for this sale can be found here. Insiders own 24.30% of the company’s stock.

A number of equities research analysts have recently weighed in on TPC shares. KeyCorp set a $24.00 price target on shares of Tutor Perini and gave the company a “buy” rating in a research report on Tuesday, January 29th. UBS Group downgraded shares of Tutor Perini from a “buy” rating to a “neutral” rating and dropped their price target for the company from $24.00 to $19.00 in a research report on Friday, February 1st. ValuEngine downgraded shares of Tutor Perini from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 2nd. MKM Partners set a $27.00 price target on shares of Tutor Perini and gave the company a “buy” rating in a research report on Thursday, February 28th. Finally, Zacks Investment Research upgraded shares of Tutor Perini from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Tutor Perini currently has a consensus rating of “Hold” and a consensus price target of $22.17.

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Tutor Perini Profile

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide. The company operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction, replacement, and reconstruction of infrastructure, including highways, bridges, tunnels, mass-transit systems, and water management and wastewater treatment facilities.

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Institutional Ownership by Quarter for Tutor Perini (NYSE:TPC)

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