Ronald N. Tutor Sells 125,000 Shares of Tutor Perini Co. (NYSE:TPC) Stock

Tutor Perini Co. (NYSE:TPC) CEO Ronald N. Tutor sold 125,000 shares of Tutor Perini stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 3,257,313 shares in the company, valued at $100,064,655.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tutor Perini Stock Performance

Shares of Tutor Perini stock opened at $28.20 on Thursday. Tutor Perini Co. has a 12 month low of $7.74 and a 12 month high of $34.55. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.53. The stock has a market cap of $1.48 billion, a PE ratio of -11.24 and a beta of 1.50. The business has a fifty day simple moving average of $26.48 and a 200-day simple moving average of $23.12.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings data on Wednesday, November 6th. The construction company reported ($1.92) EPS for the quarter, missing analysts’ consensus estimates of ($1.89) by ($0.03). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.17 billion. Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. The company’s 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, sell-side analysts anticipate that Tutor Perini Co. will post -1.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TPC shares. UBS Group lifted their price objective on shares of Tutor Perini from $27.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. StockNews.com raised shares of Tutor Perini from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th. Finally, B. Riley lifted their price objective on shares of Tutor Perini from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brightline Capital Management LLC boosted its stake in shares of Tutor Perini by 5.5% during the 3rd quarter. Brightline Capital Management LLC now owns 560,000 shares of the construction company’s stock valued at $15,210,000 after buying an additional 29,000 shares during the period. FMR LLC boosted its position in Tutor Perini by 103.1% during the third quarter. FMR LLC now owns 4,725 shares of the construction company’s stock valued at $128,000 after purchasing an additional 2,399 shares during the last quarter. Quantbot Technologies LP grew its stake in Tutor Perini by 88.9% in the third quarter. Quantbot Technologies LP now owns 20,597 shares of the construction company’s stock valued at $559,000 after purchasing an additional 9,691 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Tutor Perini by 35.3% in the third quarter. The Manufacturers Life Insurance Company now owns 22,827 shares of the construction company’s stock valued at $620,000 after purchasing an additional 5,953 shares in the last quarter. Finally, Algert Global LLC increased its position in Tutor Perini by 5.5% in the 3rd quarter. Algert Global LLC now owns 200,414 shares of the construction company’s stock worth $5,443,000 after purchasing an additional 10,402 shares during the last quarter. 65.01% of the stock is owned by hedge funds and other institutional investors.

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.