Metropolitan Life Insurance Co. NY Has $196,000 Stake in Tutor Perini Corp (TPC)

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Metropolitan Life Insurance Co. NY grew its stake in shares of Tutor Perini Corp (NYSE:TPC) by 363.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,264 shares of the construction company’s stock after acquiring an additional 9,618 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Tutor Perini were worth $196,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TPC. Frontier Capital Management Co. LLC increased its holdings in Tutor Perini by 14.9% in the 4th quarter. Frontier Capital Management Co. LLC now owns 4,775,719 shares of the construction company’s stock worth $76,268,000 after buying an additional 618,081 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Tutor Perini by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,205,392 shares of the construction company’s stock worth $79,061,000 after buying an additional 70,763 shares in the last quarter. Vanguard Group Inc increased its holdings in Tutor Perini by 1.9% in the 3rd quarter. Vanguard Group Inc now owns 3,536,522 shares of the construction company’s stock worth $66,488,000 after buying an additional 65,931 shares in the last quarter. Vanguard Group Inc. increased its holdings in Tutor Perini by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 3,536,522 shares of the construction company’s stock worth $66,488,000 after buying an additional 65,931 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in Tutor Perini by 7.4% in the 4th quarter. BlackRock Inc. now owns 2,753,232 shares of the construction company’s stock worth $43,972,000 after buying an additional 188,564 shares in the last quarter. Hedge funds and other institutional investors own 90.80% of the company’s stock.

NYSE TPC opened at $19.04 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. Tutor Perini Corp has a 12 month low of $14.66 and a 12 month high of $22.20. The company has a market capitalization of $952.90 million, a P/E ratio of 9.97, a price-to-earnings-growth ratio of 0.90 and a beta of 1.86.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings results on Wednesday, February 27th. The construction company reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.17. Tutor Perini had a return on equity of 5.56% and a net margin of 1.87%. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the firm earned $1.60 EPS. The firm’s revenue was down .8% compared to the same quarter last year. As a group, equities analysts forecast that Tutor Perini Corp will post 2.12 earnings per share for the current year.

Several research analysts have issued reports on the company. DA Davidson cut Tutor Perini from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $32.00 to $20.00 in a research report on Tuesday, January 22nd. Zacks Investment Research raised Tutor Perini from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Wednesday, March 27th. TheStreet raised Tutor Perini from a “c+” rating to a “b-” rating in a research report on Wednesday, March 20th. UBS Group cut Tutor Perini from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $24.00 to $19.00 in a research report on Friday, February 1st. Finally, MKM Partners set a $27.00 price objective on Tutor Perini and gave the company a “buy” rating in a research report on Thursday, February 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Tutor Perini currently has a consensus rating of “Hold” and a consensus price target of $22.17.

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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 worldwide. The company operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction, replacement, and reconstruction of infrastructure, including highways, bridges, tunnels, mass-transit systems, and water management and wastewater treatment facilities.

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

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