Monday, March 26th, 2012
Construction Industry News: Tutor Perini Corp (NYSE: TPC)
Tutor Perini Corporation (NYSE: TPC – News), a leading civil and building construction company, recently announced that its subsidiary, Perini Management Services, Inc. (PMSI), has been awarded a task order valued at $55 million by the U.S. Army Corps of Engineers (USACE) Middle East District. The task order was competitively bid under the multi-year USACE MATOC program for work in the 20 country region of the U.S. Central Command’s area of responsibility.
The project involves the design and construction of overhead ballistic covers to protect U.S. government personnel at three locations in Iraq. PMSI has built 127 similar structures at military and diplomatic installations in Iraq over the past seven years. The covers are built over existing temporary structures such as dining facilities and housing units to deflect and prevent damage from indirect fire of rockets and mortars.
PMSI’s work on overhead coverage systems has been recognized nationally by the Construction Management Association of America (CMAA), Design-Build Institute of America (DBIA) and the American Council of Engineering Companies (ACEC). The program also earned the 2007 USACE Project Delivery Team Merit Award and a commendation letter from General David H. Petraeus.
The PMSI team includes Tetra Tech of Pasadena, CA for architect/engineering services.
About Tutor Perini Corporation
Tutor Perini Corporation is a leading civil and building construction company offering diversified general contracting and design/build services to private clients and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large complex projects on time and within budget while adhering to strict quality control measures.
We offer general contracting, pre-construction planning and comprehensive project management services, including the planning and scheduling of the manpower, equipment, materials and subcontractors required for a project. We also offer self-performed construction services including excavation, concrete forming and placement, steel erection, electrical and mechanical services, plumbing and HVAC. We are known for our major complex building project commitments as well as our capacity to perform large and complex transportation and heavy civil construction for government agencies and private clients throughout the world.
Tutor Perini Corporation website: http://www.tutorperini.com
Recently, Chairman & CEO, Ronald Tutor trimmed his holdings to 10,537,575 shares (22.3%) by selling 734,583 from Dec. 6 through March 7 at $12.25 to $15.57 per share.
To see the SEC filings of the 13D: http://www.sec.gov/Archives/edgar/data/77543/000114036112017059/formsc13da.htm
YAHOO FINANCE: TOP (Tutor Perini Corp., NYSE: TPC) Institutional and Mutual Fund Holders
| Top Institutional Holders |
Holder
|
Shares |
% Out |
Value* |
Reported |
| DIMENSIONAL FUND ADVISORS LP |
2,779,653 |
5.87 |
34,300,918 |
Dec 31, 2011 |
| AllianceBernstein, L.P. |
2,673,764 |
5.65 |
32,994,247 |
Dec 31, 2011 |
| FRANKLIN RESOURCES, INC |
2,437,730 |
5.15 |
30,081,588 |
Dec 31, 2011 |
| DREMAN VALUE MANAGEMENT, L.L.C. |
2,250,096 |
4.75 |
27,766,184 |
Dec 31, 2011 |
| Lombardia Capital Partners, LLC |
2,100,509 |
4.44 |
25,920,281 |
Dec 31, 2011 |
| LSV ASSET MANAGEMENT |
1,883,971 |
3.98 |
23,248,202 |
Dec 31, 2011 |
| DEUTSCHE BANK AKTIENGESELLSCHAFT |
1,714,457 |
3.62 |
21,156,399 |
Dec 31, 2011 |
| Robeco Investment Management, Inc. |
1,659,499 |
3.51 |
20,478,217 |
Dec 31, 2011 |
| FMR LLC |
1,601,000 |
3.38 |
19,756,340 |
Dec 31, 2011 |
| VANGUARD GROUP, INC. |
1,425,367 |
3.01 |
17,589,028 |
Dec 31, 2011 |
|
Holder
|
Shares |
% Out |
Value* |
Reported |
| DWS Dreman Small Cap Value Fd |
1,557,774 |
3.29 |
23,662,587 |
Jan 31, 2012 |
| FIDELITY LOW-PRICED STOCK FUND |
1,420,000 |
3.00 |
20,632,600 |
Oct 31, 2011 |
| DFA U.S. SMALL CAP VALUE SERIES |
1,034,219 |
2.19 |
15,027,202 |
Oct 31, 2011 |
| TEMPLETON GLOBAL SMALLER COMPANIES FUND, INC. (USA) |
1,023,520 |
2.16 |
14,370,220 |
Aug 31, 2011 |
| FRANKLIN TEMPLETON-TEMPLETON GLOBAL SMALLER COMPANIES FU |
1,023,520 |
2.16 |
12,630,236 |
Dec 31, 2011 |
| Alliance Bernstein Small/Mid Cap Value Fund |
844,020 |
1.78 |
13,917,889 |
Nov 30, 2011 |
| ARTISAN SMALL CAP VALUE FUND |
788,200 |
1.67 |
9,726,388 |
Dec 31, 2011 |
| VANGUARD SMALL-CAP INDEX FUND |
468,742 |
0.99 |
5,784,276 |
Dec 31, 2011 |
| ISHARES RUSSELL 2000 INDEX FD |
405,539 |
0.86 |
6,160,137 |
Jan 31, 2012 |
| VANGUARD TOTAL STOCK MARKET INDEX FUND |
350,868 |
0.74 |
4,329,711 |
Dec 31, 2011 |
|
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Posted in Alliance Bernstein Small/Mid Cap Value Fund, AllianceBernstein, L.P., ARTISAN SMALL CAP VALUE FUND, Construction Industry Market News, Constructions News, DEUTSCHE BANK, DFA U.S. SMALL CAP VALUE SERIES, DIMENSIONAL FUND ADVISORS LP, Dreman Value Management, LLC, DWS Dreman Small Cap Value Fd, FIDELITY LOW-PRICED STOCK FUND, Firemans-Contractors.com, FRANKLIN RESOURCES, INC, Industry Investor News, ISHARES RUSSELL 2000 INDEX FD, Lombardia Capital Partners, LSV ASSET MANAGEMENT, Robeco Investment Management, Inc., TEMPLETON GLOBAL SMALLER COMPANIES FUND, INC. (USA), Tutor Perini Corporation (NYSE: TPC), VANGUARD GROUP, INC., VANGUARD SMALL-CAP INDEX FUND, VANGUARD TOTAL STOCK MARKET INDEX FUND | 26 Comments »
Monday, March 26th, 2012
Construction Industry Market News –
Jim Cramer on Jacobs Engineering Group, INC. (NYSE: JEC)
Jacobs Engineering [JEC 45.91 
1.01 (+2.25%) 
] : “Wait for a pullback before buying shares of JEC”, Cramer said.
MAD MONEY – JIM CRAMER
About Jacobs Engineering:
Jacobs Engineering Group Inc. (NYSE: JEC) is a technical professional services firm in the United States. It provides a range of technical, professional, and construction services to industrial, commercial, and governmental clients globally. The Company provides four categories of services: project services; process, scientific and systems consulting services; construction services, and operations and maintenance services. In February 2010, it acquired Jordan, Jones and Goulding, Inc. In October 2010, it acquired TechTeam Government Solutions, Inc. and Sula Systems Ltd. In December 2010, it acquired Damon S Williams. In February 2011, the Company acquired a number of Aker Solutions’ operations within its Process and Construction (P&C) business area. In May 2011, it acquired an additional 55% interest in Consulting Engineering Services. In November 2011, it acquired KlingStubbins. In December 2011, the Company acquired Unique World.
Yahoo Finance : People viewing JEC also viewed: FLR FCX CAT JCI SLB CSCO
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Posted in Caterpillar, Inc. Common Stock (NYSE: CAT), Cisco Systems, Inc. (Nasdaq: CSCO), Construction Industry Market News, Firemans Contractors (OCTBB: FRCN) (OTCQB: FRCN), Firemans-Contractors.com, Fluor Corporation (NYSE: FLR), Freeport-McMoRan Copper & Gold, (NYSE: FCX), Industry Investor News, Jacobs Engineering Group Inc. C (NYSE: JEC), Johnson Controls, Inc. (NYSE: JCI), Schlumberger N.V. (NYSE: SLB), U.S. Infrastructure | 162 Comments »
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