Swiss National Bank held its stake in Tutor Perini Corporation (NYSE:TPC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,900 shares of the construction company’s stock at the end of the second quarter. Swiss National Bank owned 0.13% of Tutor Perini Corporation worth $1,866,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in shares of Tutor Perini Corporation by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,156,868 shares of the construction company’s stock valued at $132,186,000 after purchasing an additional 13,856 shares during the period. Vanguard Group Inc. increased its holdings in shares of Tutor Perini Corporation by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 3,236,399 shares of the construction company’s stock valued at $102,918,000 after purchasing an additional 229,127 shares during the period. Frontier Capital Management Co. LLC increased its holdings in shares of Tutor Perini Corporation by 7.6% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,952,211 shares of the construction company’s stock valued at $56,126,000 after purchasing an additional 138,699 shares during the period. Boston Partners increased its holdings in shares of Tutor Perini Corporation by 13.4% in the 2nd quarter. Boston Partners now owns 1,717,633 shares of the construction company’s stock valued at $49,382,000 after purchasing an additional 203,488 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of Tutor Perini Corporation by 2.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 417,585 shares of the construction company’s stock valued at $12,005,000 after purchasing an additional 10,973 shares during the period. Institutional investors own 81.11% of the company’s stock.

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A number of brokerages have recently weighed in on TPC. BidaskClub upgraded Tutor Perini Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Zacks Investment Research downgraded Tutor Perini Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. KeyCorp reiterated a “hold” rating on shares of Tutor Perini Corporation in a report on Friday, August 25th. Finally, Canaccord Genuity reiterated 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, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Tutor Perini Corporation has a consensus rating of “Hold” and a consensus price target of $31.29.

Shares of Tutor Perini Corporation (NYSE:TPC) opened at 29.65 on Friday. The company has a 50 day moving average price of $26.59 and a 200 day moving average price of $27.84. The company has a market cap of $1.48 billion, a PE ratio of 14.58 and a beta of 2.45. Tutor Perini Corporation has a 52 week low of $18.05 and a 52 week high of $33.00.

Tutor Perini Corporation (NYSE:TPC) last announced its earnings results on Monday, August 7th. The construction company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the firm earned $0.43 EPS. Tutor Perini Corporation’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities analysts expect that Tutor Perini Corporation will post $2.26 earnings per share for the current year.

In other Tutor Perini Corporation news, CEO Ronald N. Tutor sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $26.09, for a total transaction of $1,956,750.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $26.11, for a total value of $652,750.00. Following the transaction, the insider now directly owns 5,923,120 shares in the company, valued at approximately $154,652,663.20. The disclosure for this sale can be found here. In the last three months, insiders sold 175,000 shares of company stock worth $4,566,711. 24.50% of the stock is owned by insiders.

About Tutor Perini Corporation

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.

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

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