Tutor Perini Corporation (TPC) Major Shareholder Sells $640,000.00 in Stock

Tutor Perini Corporation (NYSE:TPC) major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $25.60, for a total transaction of $640,000.00. Following the completion of the sale, the insider now owns 5,798,120 shares of the company’s stock, valued at $148,431,872. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

N. Tutor Separate Prope Ronald also recently made the following trade(s):

  • On Thursday, November 30th, N. Tutor Separate Prope Ronald sold 25,000 shares of Tutor Perini stock. The stock was sold at an average price of $25.17, for a total transaction of $629,250.00.
  • On Tuesday, September 12th, N. Tutor Separate Prope Ronald sold 71,383 shares of Tutor Perini stock. The stock was sold at an average price of $26.10, for a total transaction of $1,863,096.30.

Tutor Perini Corporation (NYSE:TPC) opened at $27.75 on Friday. Tutor Perini Corporation has a 1-year low of $22.60 and a 1-year high of $33.00. The stock has a market cap of $1,381.42, a P/E ratio of 14.38, a PEG ratio of 1.52 and a beta of 2.36. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.52.

Tutor Perini (NYSE:TPC) last released its earnings results on Thursday, November 9th. The construction company reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.22). Tutor Perini had a net margin of 2.03% and a return on equity of 6.16%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the business posted $0.57 earnings per share. Tutor Perini’s revenue for the quarter was down 10.0% on a year-over-year basis. sell-side analysts predict that Tutor Perini Corporation will post 1.83 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in Tutor Perini in the 3rd quarter worth approximately $135,000. Victory Capital Management Inc. raised its holdings in Tutor Perini by 119.4% in the 3rd quarter. Victory Capital Management Inc. now owns 6,877 shares of the construction company’s stock worth $195,000 after acquiring an additional 3,743 shares during the last quarter. Macquarie Group Ltd. purchased a new position in Tutor Perini in the 3rd quarter worth approximately $207,000. BNP Paribas Arbitrage SA raised its holdings in Tutor Perini by 239.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,112 shares of the construction company’s stock worth $233,000 after acquiring an additional 5,725 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Tutor Perini in the 3rd quarter worth approximately $282,000. Hedge funds and other institutional investors own 81.78% of the company’s stock.

Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Tutor Perini from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Seaport Global Securities lowered shares of Tutor Perini from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $40.00 to $31.00 in a report on Wednesday, October 11th. B. Riley reiterated a “buy” rating on shares of Tutor Perini in a report on Wednesday, November 1st. ValuEngine upgraded shares of Tutor Perini from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Canaccord Genuity reiterated a “buy” rating and set a $35.00 target price on shares of Tutor Perini in a report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $33.63.

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Tutor Perini 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.

Insider Buying and Selling by Quarter for Tutor Perini (NYSE:TPC)

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