Donald Smith & CO. Inc. Boosts Holdings in Tutor Perini Co. (NYSE:TPC)

Donald Smith & CO. Inc. lifted its stake in Tutor Perini Co. (NYSE:TPC) by 20.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,899,899 shares of the construction company’s stock after acquiring an additional 659,657 shares during the quarter. Donald Smith & CO. Inc. owned 0.07% of Tutor Perini worth $35,489,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Highlander Capital Management LLC raised its stake in Tutor Perini by 85.7% in the fourth quarter. Highlander Capital Management LLC now owns 6,500 shares of the construction company’s stock valued at $59,000 after buying an additional 3,000 shares in the last quarter. John G Ullman & Associates Inc. purchased a new position in shares of Tutor Perini in the 4th quarter valued at $150,000. Corton Capital Inc. raised its stake in Tutor Perini by 56.5% during the 3rd quarter. Corton Capital Inc. now owns 19,071 shares of the construction company’s stock worth $149,000 after acquiring an additional 6,887 shares in the last quarter. SG Americas Securities LLC lifted its position in Tutor Perini by 107.6% in the third quarter. SG Americas Securities LLC now owns 23,309 shares of the construction company’s stock valued at $183,000 after acquiring an additional 12,079 shares during the last quarter. Finally, Semanteon Capital Management LP purchased a new position in shares of Tutor Perini during the fourth quarter worth about $217,000. 65.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Tutor Perini from a “hold” rating to a “buy” rating in a research report on Friday.

Tutor Perini Stock Performance

Shares of TPC stock traded down $0.06 during mid-day trading on Monday, hitting $17.72. The stock had a trading volume of 957,678 shares, compared to its average volume of 365,990. Tutor Perini Co. has a fifty-two week low of $4.90 and a fifty-two week high of $18.18. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.60. The company’s 50-day simple moving average is $12.91 and its 200-day simple moving average is $9.94.

Tutor Perini (NYSE:TPC) last released its earnings results on Wednesday, February 28th. The construction company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.98). The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $951.50 million. Tutor Perini had a negative return on equity of 8.03% and a negative net margin of 2.56%. As a group, sell-side analysts anticipate that Tutor Perini Co. will post 0.92 earnings per share for the current year.

Insider Activity

In other Tutor Perini news, President Gary G. Smalley sold 20,303 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $12.40, for a total value of $251,757.20. Following the sale, the president now owns 160,507 shares of the company’s stock, valued at $1,990,286.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, President Gary G. Smalley sold 20,303 shares of Tutor Perini stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $12.40, for a total value of $251,757.20. Following the transaction, the president now owns 160,507 shares in the company, valued at $1,990,286.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Gary G. Smalley sold 15,940 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $13.28, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 64,201 shares of company stock worth $822,980 in the last 90 days. 19.50% of the stock is currently owned by corporate insiders.

About Tutor Perini

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.