Alan B Lancz & Associates Inc. Sells 7,960 Shares of Tutor Perini Co. (NYSE:TPC)

Alan B Lancz & Associates Inc. decreased its position in Tutor Perini Co. (NYSE:TPC) by 40.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,500 shares of the construction company’s stock after selling 7,960 shares during the period. Alan B Lancz & Associates Inc.’s holdings in Tutor Perini were worth $105,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Tutor Perini in the 4th quarter valued at $6,467,000. Donald Smith & CO. Inc. raised its holdings in Tutor Perini by 20.4% during the fourth quarter. Donald Smith & CO. Inc. now owns 3,899,899 shares of the construction company’s stock worth $35,489,000 after acquiring an additional 659,657 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Tutor Perini by 9.4% during the third 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 purchasing an additional 146,033 shares during the last quarter. Brandywine Global Investment Management LLC grew its stake in Tutor Perini by 690.1% in the third quarter. Brandywine Global Investment Management LLC now owns 157,778 shares of the construction company’s stock valued at $1,235,000 after purchasing an additional 137,808 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Tutor Perini during the 3rd quarter worth approximately $697,000. Institutional investors own 65.01% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Tutor Perini from a “hold” rating to a “buy” rating in a research report on Friday, April 26th.

Insider Buying and Selling

In related news, President Gary G. Smalley sold 27,958 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $12.86, for a total transaction of $359,539.88. Following the sale, the president now owns 112,245 shares of the company’s stock, valued at $1,443,470.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Tutor Perini news, President Gary G. Smalley sold 15,940 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $13.28, for a total value of $211,683.20. Following the sale, the president now owns 68,346 shares of the company’s stock, valued at approximately $907,634.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Gary G. Smalley sold 27,958 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $12.86, for a total value of $359,539.88. Following the completion of the sale, the president now directly owns 112,245 shares in the company, valued at approximately $1,443,470.70. The disclosure for this sale can be found here. Insiders have sold 64,201 shares of company stock valued at $822,980 over the last 90 days. 19.50% of the stock is owned by corporate insiders.

Tutor Perini Price Performance

Shares of TPC stock traded up $0.60 during trading on Friday, hitting $17.99. The company had a trading volume of 555,611 shares, compared to its average volume of 540,934. The firm has a market capitalization of $940.52 million, a P/E ratio of -8.82 and a beta of 1.53. Tutor Perini Co. has a one year low of $4.90 and a one year high of $18.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.70 and a current ratio of 1.70. The stock’s 50-day moving average price is $13.74 and its 200 day moving average price is $10.25.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings results on Wednesday, February 28th. The construction company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.98). The company 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%. Equities analysts expect that Tutor Perini Co. will post 1.1 EPS for the current fiscal 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 in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.