Cwm LLC lifted its position in shares of Tutor Perini Co. (NYSE:TPC – Free Report) by 53.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,622 shares of the construction company’s stock after acquiring an additional 908 shares during the quarter. Cwm LLC’s holdings in Tutor Perini were worth $71,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in TPC. SG Americas Securities LLC grew its position in Tutor Perini by 44.1% during the third quarter. SG Americas Securities LLC now owns 17,074 shares of the construction company’s stock worth $464,000 after buying an additional 5,223 shares during the period. Point72 DIFC Ltd acquired a new position in Tutor Perini during the second quarter worth about $158,000. Truist Financial Corp acquired a new position in Tutor Perini during the second quarter worth about $380,000. Creative Planning acquired a new position in Tutor Perini during the second quarter worth about $312,000. Finally, Algert Global LLC acquired a new position in Tutor Perini during the second quarter worth about $4,138,000. 65.01% of the stock is currently owned by institutional investors and hedge funds.
Tutor Perini Stock Down 1.6 %
TPC stock opened at $25.97 on Monday. The company’s 50 day simple moving average is $25.02 and its 200-day simple moving average is $21.88. The firm has a market capitalization of $1.36 billion, a PE ratio of -12.73 and a beta of 1.50. Tutor Perini Co. has a 12 month low of $6.86 and a 12 month high of $30.99. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.65 and a quick ratio of 1.65.
Wall Street Analysts Forecast Growth
TPC has been the topic of several recent analyst reports. StockNews.com lowered shares of Tutor Perini from a “buy” rating to a “hold” rating in a research report on Thursday. UBS Group increased their price target on shares of Tutor Perini from $27.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd.
Read Our Latest Analysis on TPC
Tutor Perini Profile
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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