Meeder Asset Management Inc. Buys 4,950 Shares of Tutor Perini Co. (NYSE:TPC)

Meeder Asset Management Inc. grew its stake in shares of Tutor Perini Co. (NYSE:TPC) by 1,231.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,352 shares of the construction company’s stock after buying an additional 4,950 shares during the quarter. Meeder Asset Management Inc.’s holdings in Tutor Perini were worth $74,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TPC. Captrust Financial Advisors grew its stake in shares of Tutor Perini by 315.2% during the first quarter. Captrust Financial Advisors now owns 1,416 shares of the construction company’s stock worth $27,000 after buying an additional 1,075 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Tutor Perini during the second quarter worth $58,000. Paloma Partners Management Co bought a new stake in shares of Tutor Perini during the first quarter worth $233,000. Dynamic Technology Lab Private Ltd grew its stake in shares of Tutor Perini by 26.9% during the first quarter. Dynamic Technology Lab Private Ltd now owns 15,025 shares of the construction company’s stock worth $285,000 after buying an additional 3,186 shares during the last quarter. Finally, JS Capital Management LLC bought a new stake in shares of Tutor Perini during the first quarter worth $341,000. 67.17% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research lowered shares of Tutor Perini from a “buy” rating to a “hold” rating in a report on Friday, September 10th.

Shares of NYSE:TPC opened at $13.24 on Wednesday. The firm has a market cap of $676.19 million, a PE ratio of 5.68 and a beta of 1.39. The firm’s fifty day moving average is $13.85 and its 200-day moving average is $15.47. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.96 and a current ratio of 1.96. Tutor Perini Co. has a 52 week low of $10.79 and a 52 week high of $20.24.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings results on Wednesday, August 4th. The construction company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. Tutor Perini had a net margin of 2.29% and a return on equity of 7.67%. Sell-side analysts forecast that Tutor Perini Co. will post 2.09 EPS for the current year.

In related news, CEO Ronald N. Tutor sold 50,000 shares of the business’s stock in a transaction on Wednesday, September 8th. The shares were sold at an average price of $13.90, for a total value of $695,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 150,000 shares of company stock worth $2,055,500. 22.20% of the stock is owned by company insiders.

About Tutor Perini

Tutor Perini Corp. engages in the provision of construction services. It operates though the following business segments: Civil, Building, and Specialty Contractors. The Civil segment specializes in public works construction and the replacement and reconstruction of infrastructure across the major geographic regions of the United States.

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Institutional Ownership by Quarter for Tutor Perini (NYSE:TPC)

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