James A. Frost Sells 110,000 Shares of Tutor Perini Corp (TPC) Stock

Tutor Perini Corp (NYSE:TPC) COO James A. Frost sold 110,000 shares of the company’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $30.27, for a total value of $3,329,700.00. Following the completion of the sale, the chief operating officer now owns 534,661 shares in the company, valued at $16,184,188.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Tutor Perini Corp (NYSE:TPC) opened at 29.35 on Tuesday. The company has a market capitalization of $1.44 billion, a PE ratio of 15.29 and a beta of 2.60. The firm’s 50 day moving average price is $30.22 and its 200-day moving average price is $25.86. Tutor Perini Corp has a 12-month low of $14.35 and a 12-month high of $33.00.

Tutor Perini Corp (NYSE:TPC) last announced its quarterly earnings data on Thursday, February 23rd. The company reported $0.60 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.60. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Tutor Perini Corp had a return on equity of 5.05% and a net margin of 1.51%. Tutor Perini Corp’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the firm posted $0.18 EPS. On average, equities analysts anticipate that Tutor Perini Corp will post $2.25 earnings per share for the current fiscal year.

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TPC has been the topic of a number of research analyst reports. Standpoint Research cut Tutor Perini Corp from a “buy” rating to a “hold” rating in a report on Thursday, December 1st. MKM Partners increased their price target on Tutor Perini Corp from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, December 13th. FBR & Co restated an “outperform” rating and set a $35.00 price target (up from $30.00) on shares of Tutor Perini Corp in a report on Tuesday, December 20th. Canaccord Genuity increased their price target on Tutor Perini Corp from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 19th. Finally, KeyCorp initiated coverage on Tutor Perini Corp in a report on Friday, January 27th. They set a “sector weight” rating on the stock. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $28.43.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Tutor Perini Corp by 7.1% in the third quarter. BlackRock Inc. now owns 21,695 shares of the company’s stock worth $465,000 after buying an additional 1,440 shares in the last quarter. Emerald Advisers Inc. PA boosted its position in shares of Tutor Perini Corp by 0.4% in the third quarter. Emerald Advisers Inc. PA now owns 858,034 shares of the company’s stock worth $18,422,000 after buying an additional 3,050 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Tutor Perini Corp by 3.7% in the third quarter. Nordea Investment Management AB now owns 107,900 shares of the company’s stock worth $2,317,000 after buying an additional 3,800 shares in the last quarter. ClariVest Asset Management LLC boosted its position in shares of Tutor Perini Corp by 3.7% in the third quarter. ClariVest Asset Management LLC now owns 107,900 shares of the company’s stock worth $2,317,000 after buying an additional 3,800 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of Tutor Perini Corp by 746.7% in the third quarter. US Bancorp DE now owns 5,199 shares of the company’s stock worth $112,000 after buying an additional 4,585 shares in the last quarter. 80.29% of the stock is currently owned by institutional investors.

Tutor Perini Corp Company Profile

Tutor Perini Corporation, formerly Perini Corporation, is a construction company offering general contracting, construction management and design-build services to private customers and public agencies. The Company operates through three segments. The Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure.

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