Donald Smith & Co. Maintains Stake in Tutor Perini Corp.
Ticker: TPC · Form: SC 13G · Filed: Feb 5, 2024 · CIK: 77543
| Field | Detail |
|---|---|
| Company | Tutor Perini Corp (TPC) |
| Form Type | SC 13G |
| Filed Date | Feb 5, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, sc-13g, investor-update
TL;DR
**Donald Smith & Co. still holds TPC shares, signaling confidence.**
AI Summary
Donald Smith & Co., Inc., an investment management firm, filed an SC 13G on February 5, 2024, disclosing its ownership of Tutor Perini Corporation (NYSE: TPC) common stock as of December 31, 2023. This filing indicates that Donald Smith & Co. holds a significant stake in the construction company, signaling their continued investment interest. This matters to shareholders because a large institutional investor maintaining its position can be seen as a vote of confidence in the company's future prospects.
Why It Matters
This filing shows a major institutional investor, Donald Smith & Co., Inc., continues to hold shares in Tutor Perini, which can be a positive signal for other investors.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of an existing ownership stake and does not indicate any immediate new risks or changes.
Analyst Insight
An investor might view this as a neutral to slightly positive signal, indicating that a significant institutional investor is maintaining its position in Tutor Perini, but it doesn't suggest any new buying or selling activity.
Key Players & Entities
- Donald Smith & Co., Inc. (company) — the reporting person and investment management firm
- Tutor Perini Corporation (company) — the subject company (issuer) of the securities
- December 31, 2023 (date) — the date of the event requiring the filing
- February 5, 2024 (date) — the filing date of the SC 13G
FAQ
What type of filing is this document?
This document is an SC 13G filing, specifically filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the 'Reporting Person' in this filing?
The Reporting Person is Donald Smith & Co., Inc., an investment management firm with IRS Identification No. 13-2807845.
What company's securities are the subject of this filing?
The subject company (issuer) is Tutor Perini Corporation, identified by CUSIP Number 901109108.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires the filing of this statement was December 31, 2023.
What is the business address of the Reporting Person, Donald Smith & Co., Inc.?
The business address for Donald Smith & Co., Inc. is 152 W. 57th Street, 22nd Floor, New York, NY 10019.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 5, 2024 regarding TUTOR PERINI CORP (TPC).