Sei Investments Co. Has $1.89 Million Stock Position in Tutor Perini Co. (NYSE:TPC)

Sei Investments Co. increased its stake in shares of Tutor Perini Co. (NYSE:TPC) by 124.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,756 shares of the construction company’s stock after buying an additional 48,052 shares during the quarter. Sei Investments Co. owned 0.17% of Tutor Perini worth $1,890,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of TPC. Hennessy Advisors Inc. acquired a new stake in shares of Tutor Perini during the second quarter worth approximately $12,362,000. American Century Companies Inc. increased its holdings in Tutor Perini by 59.9% during the 2nd quarter. American Century Companies Inc. now owns 759,665 shares of the construction company’s stock valued at $16,546,000 after purchasing an additional 284,627 shares in the last quarter. Acadian Asset Management LLC raised its position in Tutor Perini by 84.4% in the 2nd quarter. Acadian Asset Management LLC now owns 539,336 shares of the construction company’s stock valued at $11,742,000 after purchasing an additional 246,901 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Tutor Perini by 9.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,399,544 shares of the construction company’s stock worth $52,263,000 after purchasing an additional 198,348 shares in the last quarter. Finally, Donald Smith & CO. Inc. grew its holdings in shares of Tutor Perini by 3.9% during the first quarter. Donald Smith & CO. Inc. now owns 4,052,678 shares of the construction company’s stock worth $58,602,000 after purchasing an additional 152,779 shares during the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

Tutor Perini Stock Performance

Shares of Tutor Perini stock opened at $27.73 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.65 and a quick ratio of 1.65. The firm has a 50 day simple moving average of $23.01 and a 200 day simple moving average of $20.45. Tutor Perini Co. has a fifty-two week low of $6.85 and a fifty-two week high of $28.13. The firm has a market cap of $1.45 billion, a P/E ratio of -13.59 and a beta of 1.50.

Tutor Perini (NYSE:TPC) last released its earnings results on Thursday, August 1st. The construction company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.15). Tutor Perini had a negative net margin of 1.59% and a negative return on equity of 4.49%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the business posted ($0.72) earnings per share. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. Sell-side analysts predict that Tutor Perini Co. will post 1.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, UBS Group raised Tutor Perini from a “neutral” rating to a “buy” rating and lifted their price target for the company from $14.00 to $27.00 in a report on Friday, June 14th.

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.