GSA Capital Partners LLP Grows Holdings in Tutor Perini Corporation $TPC

GSA Capital Partners LLP boosted its holdings in shares of Tutor Perini Corporation (NYSE:TPC) by 51.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 30,736 shares of the construction company’s stock after purchasing an additional 10,456 shares during the period. GSA Capital Partners LLP owned approximately 0.06% of Tutor Perini worth $2,016,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. First Trust Advisors LP boosted its stake in shares of Tutor Perini by 4,166.1% during the second quarter. First Trust Advisors LP now owns 1,153,214 shares of the construction company’s stock worth $53,947,000 after buying an additional 1,126,182 shares during the period. Prudential Financial Inc. raised its stake in Tutor Perini by 438.4% during the 2nd quarter. Prudential Financial Inc. now owns 610,720 shares of the construction company’s stock valued at $28,569,000 after acquiring an additional 497,296 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Tutor Perini by 209.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 720,405 shares of the construction company’s stock worth $47,251,000 after acquiring an additional 487,529 shares during the period. Millennium Management LLC grew its stake in shares of Tutor Perini by 165.2% in the 1st quarter. Millennium Management LLC now owns 383,530 shares of the construction company’s stock valued at $8,890,000 after purchasing an additional 238,933 shares during the last quarter. Finally, M&G PLC purchased a new position in shares of Tutor Perini in the 3rd quarter valued at approximately $15,658,000. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Gary G. Smalley bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was bought at an average price of $61.08 per share, with a total value of $305,400.00. Following the completion of the transaction, the chief executive officer directly owned 118,075 shares of the company’s stock, valued at approximately $7,212,021. This represents a 4.42% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter Arkley purchased 15,147 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were purchased at an average cost of $64.39 per share, with a total value of $975,315.33. Following the completion of the acquisition, the director owned 191,717 shares in the company, valued at approximately $12,344,657.63. This represents a 8.58% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 45,000 shares of company stock valued at $2,870,313. 17.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TPC. UBS Group increased their price target on Tutor Perini from $67.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Wall Street Zen downgraded shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. B. Riley Financial reaffirmed a “buy” rating on shares of Tutor Perini in a report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a research note on Wednesday, January 21st. Two research 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 MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $80.50.

Tutor Perini Trading Up 1.4%

Shares of TPC opened at $82.88 on Tuesday. Tutor Perini Corporation has a twelve month low of $18.33 and a twelve month high of $89.40. The firm has a market capitalization of $4.37 billion, a P/E ratio of -156.37 and a beta of 2.20. The firm’s 50-day moving average is $74.09 and its two-hundred day moving average is $66.43. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.31.

About Tutor Perini

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.