Creative Planning purchased a new position in Tutor Perini Co. (NYSE:TPC – Free Report) 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.
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.
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