Koch Industries Inc. bought a new stake in Tutor Perini Corp (NYSE:TPC) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,954 shares of the construction company’s stock, valued at approximately $484,000.

Several other large investors have also recently bought and sold shares of the company. Bank of Montreal Can raised its position in Tutor Perini by 328.5% in the 4th quarter. Bank of Montreal Can now owns 7,550 shares of the construction company’s stock worth $191,000 after purchasing an additional 5,788 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Tutor Perini by 3.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 384,747 shares of the construction company’s stock worth $9,754,000 after purchasing an additional 14,205 shares during the last quarter. Aperio Group LLC raised its position in Tutor Perini by 21.3% in the 4th quarter. Aperio Group LLC now owns 12,019 shares of the construction company’s stock worth $305,000 after purchasing an additional 2,108 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in Tutor Perini in the 4th quarter worth approximately $101,000. Finally, Teacher Retirement System of Texas bought a new position in Tutor Perini in the 4th quarter worth approximately $341,000. Institutional investors own 90.21% of the company’s stock.

In other Tutor Perini news, major shareholder N. Tutor Separate Prope Ronald sold 50,000 shares of Tutor Perini stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $20.53, for a total transaction of $1,026,500.00. Following the completion of the sale, the insider now owns 5,761,601 shares of the company’s stock, valued at approximately $118,285,668.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 24.70% of the stock is currently owned by insiders.

Several research firms recently weighed in on TPC. Zacks Investment Research upgraded shares of Tutor Perini from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Wednesday, February 14th. ValuEngine upgraded shares of Tutor Perini from a “sell” rating to a “hold” rating in a research report on Monday, May 14th. MKM Partners set a $27.00 price objective on shares of Tutor Perini and gave the stock a “buy” rating in a research report on Wednesday, February 28th. DA Davidson restated a “buy” rating on shares of Tutor Perini in a research report on Wednesday, February 28th. Finally, Alembic Global Advisors reaffirmed a “buy” rating on shares of Tutor Perini in a report on Monday, March 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Tutor Perini currently has a consensus rating of “Hold” and an average price target of $31.25.

TPC opened at $19.65 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.00 and a quick ratio of 2.00. Tutor Perini Corp has a 52 week low of $18.90 and a 52 week high of $29.90. The firm has a market cap of $988.35 million, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 0.87 and a beta of 2.03.

Tutor Perini (NYSE:TPC) last released its earnings results on Wednesday, May 9th. The construction company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.22). Tutor Perini had a return on equity of 4.95% and a net margin of 2.62%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the firm posted $0.27 EPS. Tutor Perini’s revenue was down 8.0% on a year-over-year basis. equities analysts expect that Tutor Perini Corp will post 2.28 EPS for the current year.

Tutor Perini Company 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.

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

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