Daiwa Securities Group Inc. lessened its holdings in shares of Tutor Perini Corp (NYSE:TPC) by 39.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 162,600 shares of the construction company’s stock after selling 104,500 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Tutor Perini were worth $4,122,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TPC. Ameriprise Financial Inc. raised its position in shares of Tutor Perini by 86.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 162,956 shares of the construction company’s stock worth $4,682,000 after buying an additional 75,407 shares during the period. Parametrica Management Ltd purchased a new position in shares of Tutor Perini in the 3rd quarter worth $688,000. TIAA CREF Investment Management LLC raised its position in shares of Tutor Perini by 8.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 146,439 shares of the construction company’s stock worth $4,210,000 after buying an additional 11,708 shares during the period. State Street Corp raised its position in shares of Tutor Perini by 4.7% in the 2nd quarter. State Street Corp now owns 750,365 shares of the construction company’s stock worth $21,576,000 after buying an additional 33,774 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Tutor Perini by 1.5% in the 3rd quarter. Principal Financial Group Inc. now owns 390,557 shares of the construction company’s stock worth $11,091,000 after buying an additional 5,918 shares during the period. 84.85% of the stock is currently owned by institutional investors.

Shares of Tutor Perini Corp (TPC) opened at $21.60 on Tuesday. Tutor Perini Corp has a twelve month low of $21.15 and a twelve month high of $32.70. The stock has a market capitalization of $1,080.00, a price-to-earnings ratio of 11.19, a P/E/G ratio of 0.84 and a beta of 2.13. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.07 and a quick ratio of 2.07.

In other news, Director Dale Ann Reiss sold 4,829 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $27.28, for a total transaction of $131,735.12. Following the transaction, the director now owns 20,625 shares of the company’s stock, valued at $562,650. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $25.17, for a total transaction of $629,250.00. Following the transaction, the insider now directly owns 5,823,120 shares in the company, valued at approximately $146,567,930.40. The disclosure for this sale can be found here. Insiders have sold 54,829 shares of company stock valued at $1,400,985 over the last 90 days. Insiders own 24.50% of the company’s stock.

Several brokerages recently weighed in on TPC. ValuEngine lowered Tutor Perini from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. B. Riley cut their target price on Tutor Perini from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, November 14th. cut their target price on Tutor Perini from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Zacks Investment Research raised Tutor Perini from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Saturday, January 20th. Finally, Canaccord Genuity cut their target price on Tutor Perini from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $32.60.

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Tutor Perini Profile

Tutor Perini Corporation is a construction company offering general contracting, construction management and design-build services to private customers and public agencies across the world. The Company operates through three segments: Civil, Building and Specialty Contractors. Its Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure across various geographic regions of the United States.

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

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