AQR Capital Management LLC lowered its stake in Tutor Perini Co. (NYSE:TPC – Free Report) by 43.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 231,174 shares of the construction company’s stock after selling 180,125 shares during the quarter. AQR Capital Management LLC’s holdings in Tutor Perini were worth $5,035,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. CWM LLC increased its holdings in Tutor Perini by 142.8% in the 2nd quarter. CWM LLC now owns 1,714 shares of the construction company’s stock worth $37,000 after acquiring an additional 1,008 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Tutor Perini during the 2nd quarter valued at $51,000. Rhumbline Advisers lifted its stake in shares of Tutor Perini by 3.1% during the 2nd quarter. Rhumbline Advisers now owns 84,385 shares of the construction company’s stock valued at $1,838,000 after buying an additional 2,534 shares in the last quarter. Sculati Wealth Management LLC boosted its holdings in Tutor Perini by 1.4% in the 1st quarter. Sculati Wealth Management LLC now owns 208,712 shares of the construction company’s stock worth $3,018,000 after buying an additional 2,811 shares during the period. Finally, nVerses Capital LLC purchased a new stake in Tutor Perini in the 2nd quarter worth $63,000. 65.01% of the stock is owned by hedge funds and other institutional investors.
Tutor Perini Trading Up 2.6 %
Shares of TPC opened at $27.73 on Friday. The firm has a market cap of $1.45 billion, a P/E ratio of -13.59 and a beta of 1.50. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.65 and a quick ratio of 1.65. Tutor Perini Co. has a 1 year low of $6.85 and a 1 year high of $28.13. The company has a 50 day simple moving average of $22.97 and a two-hundred day simple moving average of $20.34.
Analysts Set New Price Targets
Separately, UBS Group upgraded Tutor Perini from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $14.00 to $27.00 in a research report on Friday, June 14th.
View Our Latest Stock Report on Tutor Perini
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.
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