Empowered Funds LLC Has $6.83 Million Holdings in Tutor Perini Co. (NYSE:TPC)

Empowered Funds LLC boosted its position in shares of Tutor Perini Co. (NYSE:TPC) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 282,247 shares of the construction company’s stock after buying an additional 13,726 shares during the period. Empowered Funds LLC’s holdings in Tutor Perini were worth $6,830,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its position in shares of Tutor Perini by 3.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,874 shares of the construction company’s stock worth $368,000 after acquiring an additional 571 shares in the last quarter. Creative Planning bought a new stake in Tutor Perini during the second quarter worth $312,000. Truist Financial Corp acquired a new stake in shares of Tutor Perini in the 2nd quarter valued at $380,000. SG Americas Securities LLC increased its stake in shares of Tutor Perini by 44.1% in the 3rd quarter. SG Americas Securities LLC now owns 17,074 shares of the construction company’s stock valued at $464,000 after purchasing an additional 5,223 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Tutor Perini by 53.0% during the 3rd quarter. CWM LLC now owns 2,622 shares of the construction company’s stock worth $71,000 after buying an additional 908 shares in the last quarter. 65.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TPC has been the topic of a number of recent analyst reports. Vertical Research started coverage on Tutor Perini in a research report on Tuesday, December 10th. They issued a “buy” rating and a $38.00 target price on the stock. B. Riley lifted their price target on shares of Tutor Perini from $38.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, November 7th. UBS Group increased their price objective on shares of Tutor Perini from $27.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com cut shares of Tutor Perini from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th.

Insider Buying and Selling

In other news, Director Raymond R. Oneglia sold 50,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $28.68, for a total transaction of $1,434,000.00. Following the completion of the transaction, the director now owns 250,000 shares of the company’s stock, valued at approximately $7,170,000. This trade represents a 16.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 19.50% of the stock is owned by corporate insiders.

Tutor Perini Stock Performance

Shares of TPC stock opened at $24.08 on Tuesday. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -9.59 and a beta of 1.52. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The business’s 50-day moving average price is $24.81 and its 200-day moving average price is $25.07. Tutor Perini Co. has a 12 month low of $8.45 and a 12 month high of $34.55.

Tutor Perini Company 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.