Ronald N. Tutor Sells 3,617 Shares of Tutor Perini Corporation (TPC) Stock

Tutor Perini Corporation (NYSE:TPC) CEO Ronald N. Tutor sold 3,617 shares of Tutor Perini Corporation stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $26.02, for a total transaction of $94,114.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Tutor Perini Corporation (NYSE:TPC) traded down 0.95% on Friday, hitting $26.05. 73,092 shares of the company were exchanged. The firm has a market cap of $1.30 billion, a P/E ratio of 12.81 and a beta of 2.45. The company has a 50-day moving average price of $25.84 and a 200 day moving average price of $28.12. Tutor Perini Corporation has a 52-week low of $18.05 and a 52-week high of $33.00.

Tutor Perini Corporation (NYSE:TPC) last issued its quarterly earnings data on Monday, August 7th. The construction company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Tutor Perini Corporation had a net margin of 2.08% and a return on equity of 6.60%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the company earned $0.43 earnings per share. Tutor Perini Corporation’s revenue for the quarter was down 4.7% on a year-over-year basis. Analysts predict that Tutor Perini Corporation will post $2.26 EPS for the current fiscal year.

WARNING: This article was posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this article on another site, it was illegally copied and reposted in violation of US and international copyright legislation. The correct version of this article can be read at https://www.chaffeybreeze.com/2017/09/15/ronald-n-tutor-sells-3617-shares-of-tutor-perini-corporation-tpc-stock.html.

A number of large investors have recently modified their holdings of TPC. Principal Financial Group Inc. grew its position in Tutor Perini Corporation by 4,205.8% in the second quarter. Principal Financial Group Inc. now owns 384,639 shares of the construction company’s stock valued at $11,058,000 after acquiring an additional 375,706 shares in the last quarter. Cortina Asset Management LLC grew its position in Tutor Perini Corporation by 152.4% in the first quarter. Cortina Asset Management LLC now owns 609,291 shares of the construction company’s stock valued at $19,375,000 after acquiring an additional 367,904 shares in the last quarter. Northern Trust Corp grew its position in Tutor Perini Corporation by 59.9% in the second quarter. Northern Trust Corp now owns 764,431 shares of the construction company’s stock valued at $21,978,000 after acquiring an additional 286,310 shares in the last quarter. LSV Asset Management grew its position in Tutor Perini Corporation by 14.4% in the second quarter. LSV Asset Management now owns 1,964,456 shares of the construction company’s stock valued at $56,478,000 after acquiring an additional 247,500 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Tutor Perini Corporation by 7.6% in the first quarter. Vanguard Group Inc. now owns 3,236,399 shares of the construction company’s stock valued at $102,918,000 after acquiring an additional 229,127 shares in the last quarter. 81.11% of the stock is owned by institutional investors.

A number of equities analysts have commented on TPC shares. Zacks Investment Research downgraded shares of Tutor Perini Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Canaccord Genuity reaffirmed a “buy” rating and set a $35.00 target price on shares of Tutor Perini Corporation in a research note on Saturday, August 26th. BidaskClub raised shares of Tutor Perini Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Tutor Perini Corporation in a research note on Friday, August 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $31.29.

Tutor Perini Corporation 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.

Receive News & Ratings for Tutor Perini Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tutor Perini Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply