As Tutor Perini Corporation (TPC) Shares Declined, Shareholder Towle & Co Trimmed Its Holding

November 21, 2017 - By Richard Conner

Investors sentiment decreased to 0.92 in 2017 Q2. Its down 0.40, from 1.32 in 2017Q1. It worsened, as 30 investors sold TPC shares while 49 reduced holdings. 21 funds opened positions while 52 raised stakes. 39.25 million shares or 0.97% more from 38.87 million shares in 2017Q1 were reported. Shell Asset Mngmt Communication accumulated 0.03% or 36,625 shares. Alliancebernstein Lp holds 0.07% or 3.25M shares in its portfolio. Strs Ohio reported 31,500 shares. Aqr Lc invested in 0.01% or 281,115 shares. Gotham Asset Ltd Llc reported 9,618 shares. Lenox Wealth Management reported 189 shares. Vanguard Gru Inc Inc, a Pennsylvania-based fund reported 3.24 million shares. 23,210 were reported by Gru. Goldman Sachs Group Inc reported 71,373 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Corp stated it has 40,108 shares. Towle And Communication has invested 3.17% in Tutor Perini Corp (NYSE:TPC). Qs Investors Lc reported 0% stake. Susquehanna Group Ltd Liability Partnership holds 76,692 shares or 0% of its portfolio. Chicago Equity Ptnrs Lc accumulated 61,810 shares or 0.05% of the stock. Afam Incorporated holds 0.62% or 168,832 shares in its portfolio.

Towle & Co decreased its stake in Tutor Perini Corporation (TPC) by 25.68% based on its latest 2017Q2 regulatory filing with the SEC. Towle & Co sold 303,520 shares as the company’s stock declined 11.85% while stock markets rallied. The institutional investor held 878,475 shares of the general bldg contractors – nonresidential bldgs company at the end of 2017Q2, valued at $25.26M, down from 1.18 million at the end of the previous reported quarter. Towle & Co who had been investing in Tutor Perini Corporation for a number of months, seems to be less bullish one the $1.21 billion market cap company. The stock rose 1.68% or $0.4 reaching $24.25. About 42,199 shares traded. Tutor Perini Corp (NYSE:TPC) has risen 25.83% since November 21, 2016 and is uptrending. It has outperformed by 9.13% the S&P500.

Analysts await Tutor Perini Corp (NYSE:TPC) to report earnings on February, 22. They expect $0.65 EPS, up 8.33 % or $0.05 from last year’s $0.6 per share. TPC’s profit will be $32.43 million for 9.33 P/E if the $0.65 EPS becomes a reality. After $0.47 actual EPS reported by Tutor Perini Corp for the previous quarter, Wall Street now forecasts 38.30 % EPS growth.

More notable recent Tutor Perini Corp (NYSE:TPC) news were published by: Businesswire.com which released: “Tutor Perini Reports Third Quarter Results” on November 09, 2017, also Reuters.com with their article: “BofA pays Tutor Perini $37 million to resolve fraud lawsuit” published on June 06, 2017, Nasdaq.com published: “TrueNorth, Inc. Buys Tutor Perini Corp, Kinder Morgan Inc, Pitney Bowes Inc …” on October 24, 2017. More interesting news about Tutor Perini Corp (NYSE:TPC) were released by: Seekingalpha.com and their article: “Tutor Perini’s (TPC) CEO Ronald Tutor on Q3 2017 Results – Earnings Call …” published on November 10, 2017 as well as Globenewswire.com‘s news article titled: “New Research: Key Drivers of Growth for Tanger Factory Outlet Centers, Canada …” with publication date: November 20, 2017.

Tutor Perini Corp (NYSE:TPC) Ratings Coverage

Among 11 analysts covering Tutor Perini Corp (NYSE:TPC), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Tutor Perini Corp had 26 analyst reports since August 8, 2015 according to SRatingsIntel. The company was upgraded on Monday, October 24 by Seaport Global. The company was downgraded on Tuesday, November 15 by Standpoint Research. The stock has “Buy” rating by M Partners on Wednesday, August 24. The stock of Tutor Perini Corp (NYSE:TPC) has “Sector Weight” rating given on Friday, January 27 by KeyBanc Capital Markets. On Monday, April 11 the stock rating was initiated by Standpoint Research with “Buy”. FBR Capital maintained the shares of TPC in report on Thursday, June 30 with “Outperform” rating. The rating was initiated by M Partners on Wednesday, June 29 with “Neutral”. The firm earned “Hold” rating on Wednesday, August 23 by KeyBanc Capital Markets. The stock of Tutor Perini Corp (NYSE:TPC) earned “Buy” rating by Sidoti on Monday, January 25. The firm has “Neutral” rating by Sidoti given on Thursday, November 3.

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