EP Wealth Advisors LLC Purchases 1,680 Shares of Tutor Perini Co. (NYSE:TPC)

EP Wealth Advisors LLC increased its position in Tutor Perini Co. (NYSE:TPC) by 19.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,294 shares of the construction company’s stock after acquiring an additional 1,680 shares during the period. EP Wealth Advisors LLC’s holdings in Tutor Perini were worth $249,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TPC. Barclays PLC grew its holdings in shares of Tutor Perini by 298.0% in the third quarter. Barclays PLC now owns 69,875 shares of the construction company’s stock worth $1,898,000 after acquiring an additional 52,319 shares during the period. Franklin Resources Inc. grew its holdings in shares of Tutor Perini by 24.6% in the third quarter. Franklin Resources Inc. now owns 79,907 shares of the construction company’s stock worth $2,130,000 after acquiring an additional 15,788 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Tutor Perini by 67.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 93,202 shares of the construction company’s stock worth $2,255,000 after acquiring an additional 37,478 shares during the period. Hennessy Advisors Inc. grew its holdings in shares of Tutor Perini by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 682,981 shares of the construction company’s stock worth $16,528,000 after acquiring an additional 43,600 shares during the period. Finally, Empowered Funds LLC grew its holdings in shares of Tutor Perini by 5.1% in the fourth quarter. Empowered Funds LLC now owns 282,247 shares of the construction company’s stock worth $6,830,000 after acquiring an additional 13,726 shares during the period. Institutional investors own 65.01% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on TPC shares. StockNews.com raised Tutor Perini from a “hold” rating to a “buy” rating in a report on Thursday, May 8th. UBS Group lifted their target price on Tutor Perini from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, May 9th. Finally, B. Riley upgraded Tutor Perini to a “strong-buy” rating in a research report on Tuesday, March 18th.

Tutor Perini Price Performance

NYSE TPC opened at $35.85 on Wednesday. The company has a market capitalization of $1.89 billion, a PE ratio of -14.28 and a beta of 1.62. 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 business’s fifty day moving average is $23.48 and its 200 day moving average is $24.89. Tutor Perini Co. has a fifty-two week low of $14.50 and a fifty-two week high of $36.37.

Tutor Perini (NYSE:TPC) last released its earnings results on Wednesday, May 7th. The construction company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.47. Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the business earned $0.30 earnings per share. Tutor Perini’s quarterly revenue was up 18.8% compared to the same quarter last 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.