Semanteon Capital Management LP Invests $530,000 in Tutor Perini Corporation $TPC

Semanteon Capital Management LP bought a new stake in Tutor Perini Corporation (NYSE:TPC) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,088 shares of the construction company’s stock, valued at approximately $530,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Tutor Perini by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,922,986 shares of the construction company’s stock worth $191,719,000 after purchasing an additional 103,799 shares during the period. First Trust Advisors LP increased its position in Tutor Perini by 4,166.1% during the 2nd quarter. First Trust Advisors LP now owns 1,153,214 shares of the construction company’s stock worth $53,947,000 after purchasing an additional 1,126,182 shares in the last quarter. Geode Capital Management LLC increased its position in Tutor Perini by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,049,338 shares of the construction company’s stock worth $49,094,000 after purchasing an additional 22,210 shares in the last quarter. American Century Companies Inc. raised its holdings in Tutor Perini by 24.5% in the second quarter. American Century Companies Inc. now owns 989,612 shares of the construction company’s stock valued at $46,294,000 after buying an additional 194,729 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Tutor Perini by 209.4% during the third quarter. Assenagon Asset Management S.A. now owns 720,405 shares of the construction company’s stock valued at $47,251,000 after buying an additional 487,529 shares in the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Analyst Upgrades and Downgrades

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

Tutor Perini Stock Performance

Tutor Perini stock opened at $86.91 on Friday. Tutor Perini Corporation has a 12-month low of $18.33 and a 12-month high of $89.40. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of -163.97 and a beta of 2.21. The firm’s fifty day moving average price is $75.32 and its 200 day moving average price is $67.34.

Insider Activity

In other Tutor Perini news, Director Peter Arkley purchased 15,147 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were acquired at an average price of $64.39 per share, for a total transaction of $975,315.33. Following the completion of the purchase, the director owned 191,717 shares in the company, valued at $12,344,657.63. The trade was a 8.58% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 17.30% of the company’s stock.

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.