Airain ltd raised its position in Tutor Perini Corporation (NYSE:TPC) by 3.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,091 shares of the construction company’s stock after buying an additional 313 shares during the period. Airain ltd’s holdings in Tutor Perini Corporation were worth $321,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the company. Bayesian Capital Management LP bought a new position in Tutor Perini Corporation during the fourth quarter valued at about $216,000. A.R.T. Advisors LLC bought a new position in Tutor Perini Corporation during the fourth quarter valued at about $242,000. Karp Capital Management Corp bought a new position in Tutor Perini Corporation during the first quarter valued at about $318,000. Wexford Capital LP bought a new position in Tutor Perini Corporation during the fourth quarter valued at about $391,000. Finally, Numeric Investors LLC bought a new position in Tutor Perini Corporation during the fourth quarter valued at about $403,000. 80.72% of the stock is currently owned by hedge funds and other institutional investors.
Tutor Perini Corporation (NYSE:TPC) traded up 0.19% on Friday, hitting $26.50. The stock had a trading volume of 297,813 shares. Tutor Perini Corporation has a 12 month low of $18.05 and a 12 month high of $33.00. The company has a 50-day moving average of $27.41 and a 200 day moving average of $28.97. The company has a market cap of $1.32 billion, a PE ratio of 14.14 and a beta of 2.47.
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Separately, DA Davidson reaffirmed a “buy” rating on shares of Tutor Perini Corporation in a research report on Thursday, February 16th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $31.00.
About Tutor Perini Corporation
Tutor Perini Corporation is a construction company offering general contracting, construction management and design-build services to private customers and public agencies across the world. The Company operates through three segments: Civil, Building and Specialty Contractors. Its Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure across various geographic regions of the United States.
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