Tutor Perini Co. (NYSE:TPC) Stake Increased by Creative Planning

Creative Planning grew its stake in shares of Tutor Perini Co. (NYSE:TPC) by 62.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,256 shares of the construction company’s stock after acquiring an additional 8,917 shares during the period. Creative Planning’s holdings in Tutor Perini were worth $632,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. CWM LLC grew its stake in Tutor Perini by 142.8% during the 2nd quarter. CWM LLC now owns 1,714 shares of the construction company’s stock worth $37,000 after buying an additional 1,008 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Tutor Perini in the 2nd quarter worth about $51,000. nVerses Capital LLC bought a new stake in Tutor Perini in the 2nd quarter valued at about $63,000. USA Financial Formulas lifted its position in Tutor Perini by 19.6% in the 3rd quarter. USA Financial Formulas now owns 3,451 shares of the construction company’s stock valued at $94,000 after purchasing an additional 566 shares during the last quarter. Finally, Quest Partners LLC lifted its position in Tutor Perini by 537.2% in the 2nd quarter. Quest Partners LLC now owns 4,148 shares of the construction company’s stock valued at $90,000 after purchasing an additional 3,497 shares during the last quarter. Institutional investors own 65.01% of the company’s stock.

Tutor Perini Price Performance

TPC stock opened at $26.14 on Tuesday. Tutor Perini Co. has a one year low of $6.86 and a one year high of $30.99. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $1.37 billion, a PE ratio of -20.11 and a beta of 1.50. The firm has a 50-day moving average of $25.46 and a two-hundred day moving average of $22.32.

Analyst Ratings Changes

Several research firms recently weighed in on TPC. StockNews.com downgraded shares of Tutor Perini from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. UBS Group increased their price objective on shares of Tutor Perini from $27.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd.

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.