Creative Planning Makes New Investment in Tutor Perini Co. (NYSE:TPC)

Creative Planning purchased a new position in Tutor Perini Co. (NYSE:TPC) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 14,339 shares of the construction company’s stock, valued at approximately $312,000.

Other institutional investors have also modified their holdings of the company. Empowered Funds LLC boosted its position in shares of Tutor Perini by 17.3% during the first quarter. Empowered Funds LLC now owns 218,925 shares of the construction company’s stock worth $3,166,000 after buying an additional 32,325 shares during the period. Los Angeles Capital Management LLC lifted its stake in shares of Tutor Perini by 77.8% in the 1st quarter. Los Angeles Capital Management LLC now owns 151,727 shares of the construction company’s stock worth $2,194,000 after acquiring an additional 66,408 shares during the period. XTX Topco Ltd bought a new position in shares of Tutor Perini in the second quarter valued at approximately $746,000. Acadian Asset Management LLC increased its stake in shares of Tutor Perini by 152.0% during the first quarter. Acadian Asset Management LLC now owns 292,435 shares of the construction company’s stock valued at $4,227,000 after acquiring an additional 176,398 shares during the period. Finally, Dark Forest Capital Management LP bought a new stake in Tutor Perini during the second quarter worth approximately $482,000. Institutional investors and hedge funds own 65.01% of the company’s stock.

Tutor Perini Stock Performance

TPC opened at $27.57 on Friday. Tutor Perini Co. has a 1-year low of $6.85 and a 1-year high of $28.13. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -13.51 and a beta of 1.50. The business has a 50 day moving average price of $24.04 and a two-hundred day moving average price of $21.25. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.65 and a quick ratio of 1.65.

Tutor Perini (NYSE:TPC) last issued its earnings results on Thursday, August 1st. The construction company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.15). The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.14 billion. Tutor Perini had a negative return on equity of 4.49% and a negative net margin of 1.59%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.72) earnings per share. Research analysts predict that Tutor Perini Co. will post 1.12 EPS for the current fiscal year.

About Tutor Perini

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.