Donald Smith & CO. Inc. Acquires 659,657 Shares of Tutor Perini Co. (NYSE:TPC)

Donald Smith & CO. Inc. boosted its holdings 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 institutional investor 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 7.50% of Tutor Perini worth $35,489,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Tutor Perini by 1.8% during the third quarter. Vanguard Group Inc. now owns 2,247,947 shares of the construction company’s stock valued at $17,601,000 after buying an additional 38,910 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Tutor Perini by 9.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,697,413 shares of the construction company’s stock worth $13,291,000 after purchasing an additional 146,033 shares in the last quarter. Foundry Partners LLC boosted its position in Tutor Perini by 7.1% in the third quarter. Foundry Partners LLC now owns 754,290 shares of the construction company’s stock worth $5,906,000 after purchasing an additional 50,095 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Tutor Perini in the fourth quarter valued at approximately $6,467,000. Finally, Westside Investment Management Inc. boosted its stake in Tutor Perini by 1.3% in the 4th quarter. Westside Investment Management Inc. now owns 425,090 shares of the construction company’s stock worth $3,868,000 after purchasing an additional 5,625 shares during the period. 65.01% of the stock is owned by institutional investors.

Insider Activity at Tutor Perini

In other Tutor Perini news, President Gary G. Smalley sold 27,958 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $12.86, for a total value of $359,539.88. Following the transaction, the president now owns 112,245 shares in the company, valued at $1,443,470.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, President Gary G. Smalley sold 15,940 shares of the stock in a transaction that occurred 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 completion of the transaction, the president now owns 68,346 shares of the company’s stock, valued at approximately $907,634.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Gary G. Smalley sold 27,958 shares of Tutor Perini stock in a transaction that occurred 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 sale, the president now owns 112,245 shares in the company, valued at $1,443,470.70. The disclosure for this sale can be found here. Insiders sold 64,201 shares of company stock worth $822,980 in the last three months. 19.50% of the stock is owned by insiders.

Tutor Perini Price Performance

Shares of NYSE TPC traded down $0.06 during trading hours on Monday, reaching $17.72. 957,678 shares of the stock traded hands, compared to its average volume of 365,990. Tutor Perini Co. has a 52-week low of $4.90 and a 52-week 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 company’s 50-day simple moving average is $12.91 and its two-hundred day simple moving average is $9.94.

Tutor Perini (NYSE:TPC) last posted its quarterly 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). Tutor Perini had a negative net margin of 2.56% and a negative return on equity of 8.03%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $951.50 million. Equities analysts predict that Tutor Perini Co. will post 0.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.