Shell Asset Management Co. held its position in shares of Tutor Perini Corporation (NYSE:TPC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,625 shares of the construction company’s stock at the end of the second quarter. Shell Asset Management Co. owned about 0.07% of Tutor Perini Corporation worth $1,053,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TPC. KAMES CAPITAL plc increased its position in shares of Tutor Perini Corporation by 0.9% in the second quarter. KAMES CAPITAL plc now owns 23,390 shares of the construction company’s stock worth $671,000 after buying an additional 210 shares during the period. Airain ltd increased its position in shares of Tutor Perini Corporation by 3.2% in the first quarter. Airain ltd now owns 10,091 shares of the construction company’s stock worth $321,000 after buying an additional 313 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Tutor Perini Corporation by 8.1% in the first quarter. Envestnet Asset Management Inc. now owns 4,516 shares of the construction company’s stock worth $144,000 after buying an additional 340 shares during the period. Aperio Group LLC increased its position in shares of Tutor Perini Corporation by 7.1% in the second quarter. Aperio Group LLC now owns 10,722 shares of the construction company’s stock worth $308,000 after buying an additional 715 shares during the period. Finally, American International Group Inc. increased its position in shares of Tutor Perini Corporation by 7.1% in the first quarter. American International Group Inc. now owns 23,256 shares of the construction company’s stock worth $740,000 after buying an additional 1,537 shares during the period. 81.17% of the stock is currently owned by institutional investors.

Shares of Tutor Perini Corporation (NYSE:TPC) opened at 26.15 on Tuesday. The stock has a market capitalization of $1.30 billion, a P/E ratio of 13.95 and a beta of 2.42. The firm’s 50-day moving average is $27.81 and its 200 day moving average is $28.98. 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 released its quarterly 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. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.42 billion. Tutor Perini Corporation had a return on equity of 6.15% and a net margin of 1.88%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 EPS. On average, equities research analysts forecast that Tutor Perini Corporation will post $2.29 EPS for the current fiscal year.

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A number of brokerages recently weighed in on TPC. Canaccord Genuity reissued a “buy” rating on shares of Tutor Perini Corporation in a report on Friday, June 23rd. BidaskClub downgraded shares of Tutor Perini Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Zacks Investment Research downgraded shares of Tutor Perini Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target 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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