Argyle Capital Management Inc. maintained its stake in shares of Tutor Perini Corporation (NYSE:TPC) during the second quarter, Holdings Channel reports. The firm owned 8,500 shares of the construction company’s stock at the end of the second quarter. Argyle Capital Management Inc.’s holdings in Tutor Perini Corporation were worth $244,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in TPC. Hillcrest Asset Management LLC raised its position in Tutor Perini Corporation by 7.9% in the first quarter. Hillcrest Asset Management LLC now owns 391,632 shares of the construction company’s stock valued at $12,454,000 after buying an additional 28,800 shares during the period. Hennessy Advisors Inc. purchased a new position in Tutor Perini Corporation during the first quarter valued at $4,172,000. KAMES CAPITAL plc purchased a new position in Tutor Perini Corporation during the first quarter valued at $737,000. Russell Investments Group Ltd. raised its position in Tutor Perini Corporation by 34.2% in the first quarter. Russell Investments Group Ltd. now owns 406,612 shares of the construction company’s stock valued at $12,928,000 after buying an additional 103,645 shares during the period. Finally, State of New Jersey Common Pension Fund D purchased a new position in Tutor Perini Corporation during the first quarter valued at $1,908,000. Institutional investors and hedge funds own 80.64% of the company’s stock.
Shares of Tutor Perini Corporation (NYSE:TPC) opened at 26.85 on Monday. The company has a 50-day moving average of $27.81 and a 200 day moving average of $28.98. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 14.33 and a beta of 2.44. Tutor Perini Corporation has a one year low of $18.05 and a one year high of $33.00.
Several research firms have recently weighed in on TPC. BidaskClub raised shares of Tutor Perini Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Canaccord Genuity reaffirmed a “buy” rating on shares of Tutor Perini Corporation in a report on Friday, June 23rd. Finally, Zacks Investment Research raised shares of Tutor Perini Corporation from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Tutor Perini Corporation has a consensus rating of “Buy” and an average target price of $31.29.
Tutor Perini Corporation Company Profile
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.
Want to see what other hedge funds are holding TPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tutor Perini Corporation (NYSE:TPC).
Receive News & Ratings for Tutor Perini Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tutor Perini Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
