Tutor Perini Corporation (TPC) Major Shareholder Sells $629,250.00 in Stock

Tutor Perini Corporation (NYSE:TPC) major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $25.17, for a total transaction of $629,250.00. Following the sale, the insider now directly owns 5,823,120 shares of the company’s stock, valued at $146,567,930.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

N. Tutor Separate Prope Ronald also recently made the following trade(s):

  • On Tuesday, September 12th, N. Tutor Separate Prope Ronald sold 71,383 shares of Tutor Perini stock. The shares were sold at an average price of $26.10, for a total transaction of $1,863,096.30.
  • On Wednesday, September 6th, N. Tutor Separate Prope Ronald sold 25,000 shares of Tutor Perini stock. The shares were sold at an average price of $26.11, for a total transaction of $652,750.00.

Shares of Tutor Perini Corporation (TPC) opened at $26.70 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market cap of $1,271.91, a P/E ratio of 13.24, a price-to-earnings-growth ratio of 1.40 and a beta of 2.36. Tutor Perini Corporation has a 1 year low of $22.60 and a 1 year high of $33.00.

Tutor Perini (NYSE:TPC) last posted its earnings results on Thursday, November 9th. The construction company reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.22). The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.54 billion. Tutor Perini had a return on equity of 6.16% and a net margin of 2.03%. The business’s revenue was down 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 earnings per share. sell-side analysts predict that Tutor Perini Corporation will post 1.83 EPS for the current fiscal year.

A number of research firms have recently issued reports on TPC. B. Riley restated a “buy” rating on shares of Tutor Perini in a report on Wednesday, November 1st. Canaccord Genuity dropped their price objective on shares of Tutor Perini from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, November 10th. Zacks Investment Research lowered shares of Tutor Perini from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. dropped their price objective on shares of Tutor Perini from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Finally, KeyCorp reiterated a “hold” rating on shares of Tutor Perini in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. Tutor Perini has a consensus rating of “Buy” and a consensus target price of $33.63.

Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in shares of Tutor Perini during the 3rd quarter worth $135,000. Victory Capital Management Inc. boosted its holdings in shares of Tutor Perini by 119.4% during the 3rd quarter. Victory Capital Management Inc. now owns 6,877 shares of the construction company’s stock worth $195,000 after buying an additional 3,743 shares during the period. Macquarie Group Ltd. bought a new stake in shares of Tutor Perini during the 3rd quarter worth $207,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Tutor Perini by 239.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,112 shares of the construction company’s stock worth $233,000 after buying an additional 5,725 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Tutor Perini during the 3rd quarter worth $282,000. 81.78% of the stock is owned by institutional investors.

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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.

Insider Buying and Selling by Quarter for Tutor Perini (NYSE:TPC)

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