Counterpoint Mutual Funds LLC Boosts Stake in Tutor Perini Corporation $TPC

Counterpoint Mutual Funds LLC lifted its holdings in shares of Tutor Perini Corporation (NYSE:TPC) by 491.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 49,139 shares of the construction company’s stock after acquiring an additional 40,824 shares during the quarter. Tutor Perini accounts for about 0.3% of Counterpoint Mutual Funds LLC’s investment portfolio, making the stock its 12th biggest position. Counterpoint Mutual Funds LLC owned approximately 0.09% of Tutor Perini worth $3,223,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Tutor Perini by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,922,986 shares of the construction company’s stock valued at $191,719,000 after purchasing an additional 103,799 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of 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 valued at $53,947,000 after buying an additional 1,126,182 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of 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 valued at $49,094,000 after buying an additional 22,210 shares during the last quarter. American Century Companies Inc. grew its position in shares of Tutor Perini by 24.5% during the second quarter. American Century Companies Inc. now owns 989,612 shares of the construction company’s stock worth $46,294,000 after buying an additional 194,729 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Tutor Perini by 209.4% in the third quarter. Assenagon Asset Management S.A. now owns 720,405 shares of the construction company’s stock worth $47,251,000 after buying an additional 487,529 shares during the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

Tutor Perini Stock Down 2.4%

Shares of NYSE:TPC opened at $84.85 on Tuesday. The company’s fifty day moving average is $75.66 and its two-hundred day moving average is $67.69. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 1.30. Tutor Perini Corporation has a 1-year low of $18.33 and a 1-year high of $89.40. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of -160.09 and a beta of 2.21.

Wall Street Analysts Forecast Growth

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

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.