Tutor Perini Corporation (NYSE:TPC) major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $25.60, for a total value of $640,000.00. Following the completion of the sale, the insider now owns 5,798,120 shares in the company, valued at approximately $148,431,872. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Thursday, November 30th, N. Tutor Separate Prope Ronald sold 25,000 shares of Tutor Perini stock. The shares were sold at an average price of $25.17, for a total value of $629,250.00.
  • 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 value of $1,863,096.30.

Shares of Tutor Perini Corporation (NYSE TPC) traded up $0.20 on Thursday, hitting $26.90. The company’s stock had a trading volume of 631,421 shares, compared to its average volume of 359,340. Tutor Perini Corporation has a twelve month low of $22.60 and a twelve month high of $33.00. The firm has a market cap of $1,271.91, a P/E ratio of 13.24, a PEG ratio of 1.40 and a beta of 2.36. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.52.

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

A number of brokerages have recently issued reports on TPC. Zacks Investment Research lowered Tutor Perini from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. KeyCorp reiterated a “hold” rating on shares of Tutor Perini in a research report on Friday, August 25th. ValuEngine lowered Tutor Perini from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Canaccord Genuity reiterated a “buy” rating and set a $35.00 target price on shares of Tutor Perini in a research report on Saturday, August 26th. Finally, B. Riley reduced their price objective on Tutor Perini from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, November 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $33.63.

Several institutional investors and hedge funds have recently modified their holdings of the business. Sterling Capital Management LLC increased its stake in shares of Tutor Perini by 15.8% in the 3rd quarter. Sterling Capital Management LLC now owns 61,173 shares of the construction company’s stock worth $1,737,000 after acquiring an additional 8,352 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Tutor Perini by 7.4% during the 3rd quarter. California Public Employees Retirement System now owns 86,361 shares of the construction company’s stock worth $2,453,000 after purchasing an additional 5,961 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Tutor Perini by 204.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 343,589 shares of the construction company’s stock worth $9,827,000 after purchasing an additional 230,916 shares during the last quarter. Westside Investment Management Inc. increased its position in shares of Tutor Perini by 22.7% during the 3rd quarter. Westside Investment Management Inc. now owns 56,280 shares of the construction company’s stock worth $1,618,000 after purchasing an additional 10,425 shares during the last quarter. Finally, Formula Growth Ltd. acquired a new stake in shares of Tutor Perini during the 3rd quarter worth about $7,526,000. 81.78% of the stock is owned by institutional investors and hedge funds.

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About Tutor Perini

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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