Tutor Perini Co. (NYSE:TPC) Chairman Ronald N. Tutor Sells 130,478 Shares

Tutor Perini Co. (NYSE:TPC) Chairman Ronald N. Tutor sold 130,478 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $40.93, for a total value of $5,340,464.54. Following the completion of the sale, the chairman now directly owns 4,570,985 shares in the company, valued at approximately $187,090,416.05. The trade was a 2.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Tutor Perini Stock Performance

Shares of NYSE:TPC opened at $41.71 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.55 and a quick ratio of 1.55. The business’s 50 day moving average price is $29.08 and its 200-day moving average price is $26.24. The firm has a market capitalization of $2.20 billion, a PE ratio of -16.62 and a beta of 1.74. Tutor Perini Co. has a 1 year low of $14.50 and a 1 year high of $42.19.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings results on Wednesday, May 7th. The construction company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.47. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.08 billion. Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. The business’s revenue was up 18.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share.

Analyst Upgrades and Downgrades

TPC has been the topic of several research analyst reports. B. Riley reissued a “buy” rating and issued a $50.00 price objective (up from $40.00) on shares of Tutor Perini in a report on Friday, June 6th. UBS Group raised their price objective on Tutor Perini from $40.00 to $41.00 and gave the company a “buy” rating in a report on Friday, May 9th. Finally, Wall Street Zen raised Tutor Perini from a “hold” rating to a “buy” rating in a report on Thursday, May 8th.

Institutional Trading of Tutor Perini

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Tutor Perini by 32.5% in the first quarter. GAMMA Investing LLC now owns 2,080 shares of the construction company’s stock worth $48,000 after acquiring an additional 510 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in Tutor Perini during the first quarter worth $54,000. Comerica Bank boosted its stake in Tutor Perini by 30.7% during the first quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock worth $56,000 after buying an additional 569 shares during the last quarter. AlphaQuest LLC boosted its stake in Tutor Perini by 849.2% during the first quarter. AlphaQuest LLC now owns 3,436 shares of the construction company’s stock worth $80,000 after buying an additional 3,074 shares during the last quarter. Finally, CWM LLC boosted its stake in Tutor Perini by 32.8% during the first quarter. CWM LLC now owns 3,442 shares of the construction company’s stock worth $80,000 after buying an additional 850 shares during the last quarter. 65.01% of the stock is owned by institutional investors and hedge funds.

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.