1 week Ago By Defense World Staff
JPMorgan Chase & Co. lifted its holdings in Tutor Perini Co. (NYSE:TPC – Free Report) by 3.
7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 556,078 shares of the construction company’s stock after purchasing an additional 19,694 shares during the period. JPMorgan Chase & Co.
owned about 1.06% of Tutor Perini worth $13,457,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also recently modified their holdings of the company.
FMR LLC lifted its holdings in Tutor Perini by 103.1% during the third quarter. FMR LLC now owns 4,725 shares of the construction company’s stock worth $128,000 after buying an additional 2,399 shares during the period.
Y Intercept Hong Kong Ltd purchased a new stake in shares of Tutor Perini during the 3rd quarter worth $201,000. KLP Kapitalforvaltning AS bought a new stake in Tutor Perini during the fourth quarter valued at about $232,000. EP Wealth Advisors LLC purchased a new position in Tutor Perini in the third quarter valued at about $234,000.
Finally, Commonwealth Equity Services LLC raised its holdings 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 worth $249,000 after purchasing an additional 700 shares in the last quarter.
65.01% of the stock is currently owned by institutional investors. Tutor Perini Price PerformanceShares of TPC stock opened at $20.
88 on Friday. Tutor Perini Co. has a fifty-two week low of $13.
15 and a fifty-two week high of $34.55. The company has a debt-to-equity ratio of 0.
53, a quick ratio of 1.55 and a current ratio of 1.55.
The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -8.32 and a beta of 1.
47. The stock’s 50-day simple moving average is $23.72 and its 200-day simple moving average is $25.
42. Tutor Perini (NYSE:TPC – Get Free Report) last released its earnings results on Thursday, February 27th. The construction company reported ($1.
51) earnings per share for the quarter, missing the consensus estimate of $0.29 by ($1.80).
The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.08 billion.
Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%.
During the same period in the prior year, the firm posted ($0.91) EPS. Analysts Set New Price TargetsTPC has been the topic of a number of recent analyst reports.
B. Riley upgraded shares of Tutor Perini to a “strong-buy” rating in a report on Tuesday, March 18th. StockNews.
com downgraded shares of Tutor Perini from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th.View Our Latest Analysis on TPCAbout Tutor Perini (Free Report)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.
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