John G Ullman & Associates Inc. Makes New $150,000 Investment in Tutor Perini Co. (NYSE:TPC)

John G Ullman & Associates Inc. bought a new position in Tutor Perini Co. (NYSE:TPC) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,500 shares of the construction company’s stock, valued at approximately $150,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP lifted its position in shares of Tutor Perini by 469.8% during the 1st quarter. First Trust Advisors LP now owns 591,612 shares of the construction company’s stock valued at $3,650,000 after acquiring an additional 487,785 shares during the last quarter. BlackRock Inc. lifted its position in shares of Tutor Perini by 6.5% during the 2nd quarter. BlackRock Inc. now owns 5,508,141 shares of the construction company’s stock valued at $39,383,000 after acquiring an additional 335,690 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Tutor Perini by 36.1% during the 4th quarter. AQR Capital Management LLC now owns 1,075,062 shares of the construction company’s stock valued at $8,117,000 after acquiring an additional 284,950 shares during the last quarter. State Street Corp lifted its position in shares of Tutor Perini by 35.6% during the 1st quarter. State Street Corp now owns 1,081,264 shares of the construction company’s stock valued at $11,678,000 after acquiring an additional 284,007 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Tutor Perini by 60.4% during the 4th quarter. Morgan Stanley now owns 605,282 shares of the construction company’s stock valued at $4,570,000 after acquiring an additional 227,823 shares during the last quarter. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tutor Perini

In related news, President Gary G. Smalley sold 15,940 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $13.28, for a total value of $211,683.20. Following the completion of the sale, the president now owns 68,346 shares in the company, valued at $907,634.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, President Gary G. Smalley sold 20,303 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $12.40, for a total value of $251,757.20. Following the completion of the transaction, the president now owns 160,507 shares of the company’s stock, valued at $1,990,286.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Gary G. Smalley sold 15,940 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $13.28, for a total transaction of $211,683.20. Following the completion of the transaction, the president now directly owns 68,346 shares of the company’s stock, valued at approximately $907,634.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,201 shares of company stock worth $822,980. Company insiders own 21.30% of the company’s stock.

Tutor Perini Stock Down 0.7 %

NYSE TPC opened at $13.28 on Friday. Tutor Perini Co. has a 1-year low of $4.90 and a 1-year high of $16.33. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.61. The firm’s fifty day simple moving average is $12.35 and its 200-day simple moving average is $9.67.

Tutor Perini (NYSE:TPC) last posted its earnings results on Wednesday, February 28th. The construction company reported ($0.91) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.98). The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $951.50 million. Tutor Perini had a negative return on equity of 12.73% and a negative net margin of 4.41%. Analysts expect that Tutor Perini Co. will post 0.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Tutor Perini from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th.

About Tutor Perini

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.