Tutor Perini Co. (NYSE:TPC) CEO Ronald N. Tutor Sells 50,000 Shares

Tutor Perini Co. (NYSE:TPC) CEO Ronald N. Tutor sold 50,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $30.78, for a total transaction of $1,539,000.00. Following the transaction, the chief executive officer now owns 2,362,267 shares in the company, valued at $72,710,578.26. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tutor Perini Trading Down 3.5 %

NYSE TPC opened at $28.20 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.55. Tutor Perini Co. has a one year low of $7.74 and a one year high of $34.55. The company has a 50-day simple moving average of $26.48 and a 200-day simple moving average of $23.12. The firm has a market capitalization of $1.48 billion, a PE ratio of -11.24 and a beta of 1.50.

Tutor Perini (NYSE:TPC) last issued its earnings results 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 company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.17 billion. Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.71) earnings per share. On average, equities analysts forecast that Tutor Perini Co. will post -1.47 earnings per share for the current year.

Institutional Investors Weigh In On Tutor Perini

A number of hedge funds have recently added to or reduced their stakes in the stock. CWM LLC increased its holdings in shares of Tutor Perini by 142.8% in the 2nd quarter. CWM LLC now owns 1,714 shares of the construction company’s stock worth $37,000 after acquiring an additional 1,008 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Tutor Perini in the second quarter valued at approximately $51,000. Plato Investment Management Ltd bought a new stake in shares of Tutor Perini during the third quarter valued at approximately $52,000. nVerses Capital LLC acquired a new position in shares of Tutor Perini during the second quarter worth approximately $63,000. Finally, EntryPoint Capital LLC bought a new position in Tutor Perini in the 1st quarter worth approximately $77,000. 65.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.