8,088 Shares in Tutor Perini Corporation $TPC Bought by Semanteon Capital Management LP

Semanteon Capital Management LP purchased a new stake in Tutor Perini Corporation (NYSE:TPC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,088 shares of the construction company’s stock, valued at approximately $530,000.

Other hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its stake in shares of Tutor Perini by 968.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 470 shares of the construction company’s stock valued at $31,000 after purchasing an additional 426 shares in the last quarter. Comerica Bank grew its stake in Tutor Perini by 30.7% in the first quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock worth $56,000 after purchasing an additional 569 shares in the last quarter. USA Financial Formulas bought a new stake in Tutor Perini in the third quarter valued at about $90,000. State of Alaska Department of Revenue acquired a new stake in Tutor Perini during the third quarter valued at approximately $192,000. Finally, Principal Financial Group Inc. bought a new position in Tutor Perini during the 3rd quarter worth approximately $204,000. 65.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tutor Perini

In other news, Director Peter Arkley acquired 15,147 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were purchased at an average cost of $64.39 per share, for a total transaction of $975,315.33. Following the transaction, the director directly owned 191,717 shares in the company, valued at $12,344,657.63. This trade represents a 8.58% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 17.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on TPC shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a research report on Wednesday, January 21st. B. Riley Financial reaffirmed a “buy” rating on shares of Tutor Perini in a report on Thursday, November 6th. UBS Group increased their target price on shares of Tutor Perini from $67.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Finally, Wall Street Zen lowered shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $80.50.

Tutor Perini Stock Performance

TPC stock opened at $86.91 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of -163.97 and a beta of 2.21. Tutor Perini Corporation has a 1 year low of $18.33 and a 1 year high of $89.40. The stock’s fifty day moving average is $75.32 and its two-hundred day moving average is $67.34.

Tutor Perini Company Profile

Tutor Perini Corporation is a leading U.S. construction company that provides diversified general contracting, construction management and design-build services to private clients and public agencies. The company operates through three principal market segments—Civil, Building and Specialty Contractors—serving a broad range of infrastructure and vertical construction needs.

In its Civil segment, Tutor Perini delivers heavy civil infrastructure projects including highways and bridges, water management, dams, tunnels and rail systems.