Lesa Sroufe & Co Has $1.80 Million Stake in Tutor Perini Co. (NYSE:TPC)

Lesa Sroufe & Co trimmed its holdings in shares of Tutor Perini Co. (NYSE:TPC) by 3.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,646 shares of the construction company’s stock after selling 7,038 shares during the period. Tutor Perini accounts for approximately 1.8% of Lesa Sroufe & Co’s holdings, making the stock its 26th largest holding. Lesa Sroufe & Co owned approximately 0.38% of Tutor Perini worth $1,799,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TPC. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Tutor Perini in the 4th quarter valued at $6,467,000. Jacobs Levy Equity Management Inc. increased its stake in shares of Tutor Perini by 25.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 420,821 shares of the construction company’s stock valued at $3,295,000 after buying an additional 86,141 shares during the period. Barclays PLC increased its stake in shares of Tutor Perini by 79.5% in the 3rd quarter. Barclays PLC now owns 34,456 shares of the construction company’s stock valued at $269,000 after buying an additional 15,262 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Tutor Perini by 9.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,697,413 shares of the construction company’s stock valued at $13,291,000 after buying an additional 146,033 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Tutor Perini in the 3rd quarter valued at $697,000. 65.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut Tutor Perini from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th.

Insider Buying and Selling at Tutor Perini

In other Tutor Perini news, President Gary G. Smalley sold 15,940 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $13.28, for a total value of $211,683.20. Following the completion of the transaction, the president now directly owns 68,346 shares of the company’s stock, valued at $907,634.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, President Gary G. Smalley sold 27,958 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $12.86, for a total value of $359,539.88. Following the sale, the president now directly owns 112,245 shares in the company, valued at $1,443,470.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Gary G. Smalley sold 15,940 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $13.28, for a total value of $211,683.20. Following the completion of the sale, the president now owns 68,346 shares in the company, valued at $907,634.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,201 shares of company stock valued at $822,980. Company insiders own 19.50% of the company’s stock.

Tutor Perini Price Performance

Shares of Tutor Perini stock opened at $13.98 on Wednesday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.61. Tutor Perini Co. has a 12 month low of $4.90 and a 12 month high of $16.33. The business has a fifty day simple moving average of $12.55 and a 200 day simple moving average of $9.78.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings data on Wednesday, February 28th. The construction company reported ($0.91) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.98). Tutor Perini had a negative return on equity of 12.73% and a negative net margin of 4.41%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $951.50 million. Sell-side analysts predict that Tutor Perini Co. will post 0.92 EPS for the current fiscal year.

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 in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.