SCHEDULE: Donald Smith & Co. Reports 5.53% Stake in Tutor Perini

Donald Smith & Co., Inc. and DSCO Value Fund, L.P. have reported a combined beneficial ownership of 5.53% in Tutor Perini Corp. common stock.

Summary

• Donald Smith & Co., Inc. and DSCO Value Fund, L.P. have filed a Schedule 13G, indicating their beneficial ownership in Tutor Perini Corp.
• The aggregate amount beneficially owned by these reporting persons is 2,916,832 shares of common stock.
• This represents 5.53% of the total outstanding common stock of Tutor Perini Corp.
• Donald Smith & Co., Inc. holds sole voting power over 2,807,910 shares and sole dispositive power over 2,884,000 shares.
• DSCO Value Fund, L.P. holds sole voting power and sole dispositive power over 32,832 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Tutor Perini Corp.

Sentiment

Score: 6

Explanation: The filing of a Schedule 13G by a reputable investment advisor like Donald Smith & Co., Inc. indicating a significant passive stake (5.53%) can be viewed as a moderately positive signal of institutional confidence in Tutor Perini Corp. However, the filing itself does not provide operational or financial performance details to assess the company's health.

Positives

• A significant institutional investor, Donald Smith & Co., Inc., has taken a substantial 5.53% stake in Tutor Perini Corp., potentially signaling confidence in the company's long-term prospects.
• The stake is held in the ordinary course of business, suggesting a passive investment rather than an activist intent to influence control.

Industry Context

This filing indicates an institutional investor's interest in the construction and engineering sector, represented by Tutor Perini Corp. Such filings can sometimes signal broader investor sentiment towards specific industries or companies within them.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake by Donald Smith & Co., Inc. may instill confidence among existing shareholders and attract new investors, potentially leading to increased demand for the stock.
• Management: While the filing states the stake is passive, management may view this as a vote of confidence from a notable investment firm.

Key Dates

Keywords

Tutor Perini Corp, Donald Smith & Co., DSCO Value Fund, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investment, Construction, Engineering