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.
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.
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