Foundry Partners LLC raised its stake in Tutor Perini Corporation (NYSE:TPC) by 4.9% during the second quarter, Holdings Channel reports. The fund owned 413,521 shares of the construction company’s stock after buying an additional 19,451 shares during the period. Foundry Partners LLC’s holdings in Tutor Perini Corporation were worth $11,889,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Boston Partners boosted its stake in shares of Tutor Perini Corporation by 35.2% in the first quarter. Boston Partners now owns 1,514,145 shares of the construction company’s stock valued at $48,150,000 after buying an additional 394,148 shares during the last quarter. Cortina Asset Management LLC boosted its stake in shares of Tutor Perini Corporation by 152.4% in the first quarter. Cortina Asset Management LLC now owns 609,291 shares of the construction company’s stock valued at $19,375,000 after buying an additional 367,904 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Tutor Perini Corporation by 3,626.1% in the first quarter. Daiwa Securities Group Inc. now owns 257,100 shares of the construction company’s stock valued at $8,176,000 after buying an additional 250,200 shares during the last quarter. Opus Capital Group LLC acquired a new stake in shares of Tutor Perini Corporation during the first quarter valued at approximately $7,619,000. Finally, Vanguard Group Inc. boosted its stake in shares of Tutor Perini Corporation by 7.6% in the first quarter. Vanguard Group Inc. now owns 3,236,399 shares of the construction company’s stock valued at $102,918,000 after buying an additional 229,127 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Tutor Perini Corporation (NYSE TPC) opened at 25.95 on Friday. The company has a market cap of $1.29 billion, a PE ratio of 12.76 and a beta of 2.42. The company has a 50-day moving average price of $27.88 and a 200 day moving average price of $28.91. Tutor Perini Corporation has a 12-month low of $18.05 and a 12-month high of $33.00.

Tutor Perini Corporation (NYSE:TPC) last posted its quarterly earnings results on Monday, August 7th. The construction company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Tutor Perini Corporation had a return on equity of 6.60% and a net margin of 2.08%. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the firm earned $0.43 EPS. Tutor Perini Corporation’s revenue was down 4.7% on a year-over-year basis. On average, analysts forecast that Tutor Perini Corporation will post $2.26 EPS for the current fiscal year.

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TPC has been the topic of several research analyst reports. Zacks Investment Research upgraded Tutor Perini Corporation from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Wednesday, July 5th. BidaskClub cut Tutor Perini Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Canaccord Genuity restated a “buy” rating on shares of Tutor Perini Corporation in a report on Friday, June 23rd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $31.29.

Tutor Perini Corporation Company Profile

Tutor Perini Corporation is a construction company offering general contracting, construction management and design-build services to private customers and public agencies across the world. The Company operates through three segments: Civil, Building and Specialty Contractors. Its Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure across various geographic regions of the United States.

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Institutional Ownership by Quarter for Tutor Perini Corporation (NYSE:TPC)

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