Two Sigma Advisers LP raised its position in Tutor Perini Corp (NYSE:TPC) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,000 shares of the construction company’s stock after purchasing an additional 5,710 shares during the period. Two Sigma Advisers LP’s holdings in Tutor Perini were worth $1,597,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of TPC. Prudential Financial Inc. purchased a new stake in shares of Tutor Perini during the third quarter worth about $427,000. Dimensional Fund Advisors LP grew its stake in Tutor Perini by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,205,392 shares of the construction company’s stock valued at $79,061,000 after acquiring an additional 70,763 shares in the last quarter. Brown Advisory Inc. grew its stake in Tutor Perini by 64.2% during the 3rd quarter. Brown Advisory Inc. now owns 31,930 shares of the construction company’s stock valued at $600,000 after acquiring an additional 12,490 shares in the last quarter. Franklin Resources Inc. grew its stake in Tutor Perini by 12.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,066,404 shares of the construction company’s stock valued at $20,048,000 after acquiring an additional 118,700 shares in the last quarter. Finally, United Services Automobile Association grew its stake in Tutor Perini by 4.2% during the 3rd quarter. United Services Automobile Association now owns 99,480 shares of the construction company’s stock valued at $1,870,000 after acquiring an additional 4,026 shares in the last quarter. 90.80% of the stock is currently owned by hedge funds and other institutional investors.
Tutor Perini stock opened at $18.95 on Thursday. Tutor Perini Corp has a 1-year low of $14.66 and a 1-year high of $22.60. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. The company has a market capitalization of $949.46 million, a PE ratio of 9.92, a PEG ratio of 0.89 and a beta of 1.87.
Several analysts recently issued reports on TPC shares. Zacks Investment Research raised shares of Tutor Perini from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Wednesday, March 27th. UBS Group cut shares of Tutor Perini from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $24.00 to $19.00 in a research note on Friday, February 1st. DA Davidson cut shares of Tutor Perini from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $32.00 to $20.00 in a research note on Tuesday, January 22nd. TheStreet raised shares of Tutor Perini from a “c+” rating to a “b-” rating in a research note on Wednesday, March 20th. Finally, KeyCorp set a $24.00 price objective on shares of Tutor Perini and gave the company a “buy” rating in a research note on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $22.17.
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Tutor Perini Company Profile
Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide. The company operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction, replacement, and reconstruction of infrastructure, including highways, bridges, tunnels, mass-transit systems, and water management and wastewater treatment facilities.
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