Tutor Perini Co. (NYSE:TPC) CEO Ronald N. Tutor Sells 25,000 Shares

Tutor Perini Co. (NYSE:TPC) CEO Ronald N. Tutor sold 25,000 shares of Tutor Perini stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $19.40, for a total transaction of $485,000.00. Following the completion of the sale, the chief executive officer now owns 2,387,267 shares in the company, valued at $46,312,979.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tutor Perini Price Performance

NYSE:TPC opened at $21.20 on Tuesday. Tutor Perini Co. has a 1-year low of $6.31 and a 1-year high of $23.19. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.60. The firm has a fifty day simple moving average of $18.14 and a 200 day simple moving average of $12.95. The stock has a market capitalization of $1.11 billion, a PE ratio of -10.39 and a beta of 1.50.

Tutor Perini (NYSE:TPC) last released its earnings results on Thursday, April 25th. The construction company reported $0.30 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.48. Tutor Perini had a negative net margin of 2.56% and a negative return on equity of 8.03%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $919.60 million. On average, research analysts expect that Tutor Perini Co. will post 1.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Tutor Perini

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD bought a new position in Tutor Perini during the first quarter worth $177,000. Quadrature Capital Ltd boosted its position in Tutor Perini by 55.1% during the first quarter. Quadrature Capital Ltd now owns 41,457 shares of the construction company’s stock worth $601,000 after purchasing an additional 14,720 shares during the period. EntryPoint Capital LLC bought a new position in Tutor Perini during the first quarter worth $77,000. Sculati Wealth Management LLC boosted its position in Tutor Perini by 1.4% during the first quarter. Sculati Wealth Management LLC now owns 208,712 shares of the construction company’s stock worth $3,018,000 after purchasing an additional 2,811 shares during the period. Finally, Hillsdale Investment Management Inc. bought a new position in Tutor Perini during the first quarter worth $224,000. 65.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TPC. StockNews.com upgraded shares of Tutor Perini from a “hold” rating to a “buy” rating in a report on Friday, April 26th. UBS Group upgraded shares of Tutor Perini from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $27.00 in a report on Friday.

About Tutor Perini

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.