Insider Selling: Tutor Perini Co. (NYSE:TPC) CEO Sells 125,000 Shares of Stock

Tutor Perini Co. (NYSE:TPC) CEO Ronald N. Tutor sold 125,000 shares of Tutor Perini stock in a transaction on Monday, November 11th. The stock was sold at an average price of $30.72, for a total transaction of $3,840,000.00. Following the completion of the sale, the chief executive officer now owns 3,257,313 shares of the company’s stock, valued at approximately $100,064,655.36. This trade represents a 3.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Tutor Perini Trading Down 2.4 %

Tutor Perini stock opened at $27.53 on Friday. Tutor Perini Co. has a 1 year low of $7.74 and a 1 year high of $34.55. The firm’s 50-day moving average is $26.58 and its 200-day moving average is $23.15. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market cap of $1.44 billion, a P/E ratio of -10.97 and a beta of 1.50.

Tutor Perini (NYSE:TPC) last posted its earnings results on Wednesday, November 6th. The construction company reported ($1.92) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.89) by ($0.03). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.17 billion. Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.71) earnings per share. On average, equities analysts expect that Tutor Perini Co. will post -1.47 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Tutor Perini from a “buy” rating to a “hold” rating in a research report on Friday. UBS Group boosted their price objective on Tutor Perini from $27.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, B. Riley increased their target price on Tutor Perini from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

Institutional Investors Weigh In On Tutor Perini

Large investors have recently made changes to their positions in the company. Donald Smith & CO. Inc. grew its holdings in Tutor Perini by 3.9% in the 1st quarter. Donald Smith & CO. Inc. now owns 4,052,678 shares of the construction company’s stock worth $58,602,000 after buying an additional 152,779 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Tutor Perini by 9.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,399,544 shares of the construction company’s stock valued at $52,263,000 after purchasing an additional 198,348 shares during the period. Vanguard Group Inc. raised its stake in shares of Tutor Perini by 1.1% during the first quarter. Vanguard Group Inc. now owns 2,333,269 shares of the construction company’s stock valued at $33,739,000 after purchasing an additional 25,246 shares in the last quarter. American Century Companies Inc. lifted its holdings in Tutor Perini by 59.9% in the second quarter. American Century Companies Inc. now owns 759,665 shares of the construction company’s stock worth $16,546,000 after purchasing an additional 284,627 shares during the period. Finally, Fred Alger Management LLC bought a new position in Tutor Perini in the 3rd quarter valued at about $16,034,000. Institutional investors and hedge funds own 65.01% of the company’s stock.

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.