Fintel reports that Donald Smith & has filed a 13G form with the SEC disclosing ownership of 3.20MM shares of Tutor Perini Corp (TPC). This represents 6.21% of the company.
In their previous filing dated February 7, 2022 they reported 2.77MM shares and 5.42% of the company, an increase in shares of 15.64% and an increase in total ownership of 0.79% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 12.11% Upside
As of February 9, 2023, the average one-year price target for Tutor Perini is $10.37. The forecasts range from a low of $8.58 to a high of $12.60. The average price target represents an increase of 12.11% from its latest reported closing price of $9.25.
The projected annual revenue for Tutor Perini is $4,026MM, an increase of 2.68%. The projected annual EPS is $1.04.
What is the Fund Sentiment?
There are 346 funds or institutions reporting positions in Tutor Perini. This is a decrease of 8 owner(s) or 2.26% in the last quarter. Average portfolio weight of all funds dedicated to TPC is 0.05%, a decrease of 15.51%. Total shares owned by institutions decreased in the last three months by 0.19% to 37,926K shares. The put/call ratio of TPC is 0.15, indicating a bullish outlook.
What are large shareholders doing?
Charles Schwab Investment Management holds 1,496K shares representing 2.91% ownership of the company. In it's prior filing, the firm reported owning 1,264K shares, representing an increase of 15.53%. The firm decreased its portfolio allocation in TPC by 23.39% over the last quarter.
IFRA - iShares U.S. Infrastructure ETF holds 1,480K shares representing 2.87% ownership of the company. In it's prior filing, the firm reported owning 1,067K shares, representing an increase of 27.93%. The firm decreased its portfolio allocation in TPC by 0.17% over the last quarter.
DFSVX - U.s. Small Cap Value Portfolio - Institutional Class holds 1,386K shares representing 2.69% ownership of the company. In it's prior filing, the firm reported owning 901K shares, representing an increase of 34.99%. The firm increased its portfolio allocation in TPC by 25.17% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,210K shares representing 2.35% ownership of the company. No change in the last quarter.
Levin Capital Strategies holds 995K shares representing 1.93% ownership of the company. In it's prior filing, the firm reported owning 1,025K shares, representing a decrease of 3.01%. The firm decreased its portfolio allocation in TPC by 30.09% over the last quarter.
Tutor Perini Background Information
(This description is provided by the company.)
utor Perini Corporation is a leading civil, building and specialty construction company offering diversified general contracting and design-build services to private clients and public agencies throughout the world. Tutor Perinihas provided construction services since 1894 and have established a strong reputation within its markets by executing large, complex projects on time and within budget while adhering to strict quality control measures.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
