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

Donald Smith & CO. Inc. grew its holdings in shares of Tutor Perini Co. (NYSE:TPC) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,450,257 shares of the construction company’s stock after purchasing an additional 179,819 shares during the quarter. Tutor Perini makes up approximately 2.0% of Donald Smith & CO. Inc.’s holdings, making the stock its 24th biggest position. Donald Smith & CO. Inc. owned about 6.58% of Tutor Perini worth $83,496,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TPC. Massachusetts Financial Services Co. MA raised its position in Tutor Perini by 587.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 91,003 shares of the construction company’s stock worth $2,202,000 after acquiring an additional 77,767 shares during the period. Franklin Resources Inc. raised its holdings in Tutor Perini by 10.4% in the 4th quarter. Franklin Resources Inc. now owns 88,216 shares of the construction company’s stock worth $2,135,000 after purchasing an additional 8,309 shares during the period. JPMorgan Chase & Co. lifted its position in Tutor Perini by 3.7% during the fourth quarter. JPMorgan Chase & Co. now owns 556,078 shares of the construction company’s stock valued at $13,457,000 after purchasing an additional 19,694 shares in the last quarter. WINTON GROUP Ltd grew its holdings in Tutor Perini by 39.1% during the fourth quarter. WINTON GROUP Ltd now owns 37,708 shares of the construction company’s stock valued at $913,000 after purchasing an additional 10,609 shares during the period. Finally, EntryPoint Capital LLC increased its position in Tutor Perini by 106.0% in the fourth quarter. EntryPoint Capital LLC now owns 36,662 shares of the construction company’s stock worth $887,000 after buying an additional 18,863 shares in the last quarter. Institutional investors own 65.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TPC shares. Vertical Research assumed coverage on Tutor Perini in a research note on Tuesday, December 10th. They set a “buy” rating and a $38.00 price objective for the company. StockNews.com cut shares of Tutor Perini from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, B. Riley upgraded shares of Tutor Perini to a “strong-buy” rating in a research note on Tuesday, March 18th.

Tutor Perini Trading Up 1.7 %

Shares of TPC opened at $23.57 on Thursday. The firm has a market cap of $1.24 billion, a P/E ratio of -9.39 and a beta of 1.47. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.55 and a quick ratio of 1.55. Tutor Perini Co. has a 1 year low of $13.15 and a 1 year high of $34.55. The company has a 50 day simple moving average of $24.21 and a two-hundred day simple moving average of $25.70.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings results on Thursday, February 27th. The construction company reported ($1.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($1.80). Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the firm posted ($0.91) earnings per share.

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.