Tutor Perini (NYSE:TPC) Shares Gap Up to $13.55

Shares of Tutor Perini Co. (NYSE:TPC) gapped up prior to trading on Wednesday . The stock had previously closed at $13.55, but opened at $13.92. Tutor Perini shares last traded at $13.53, with a volume of 222,736 shares.

Analyst Ratings Changes

Separately, StockNews.com lowered Tutor Perini from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th.

Tutor Perini Stock Down 0.6 %

The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average price of $12.08 and a two-hundred day moving average price of $9.57.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings results on Wednesday, February 28th. The construction company reported ($0.91) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.98). Tutor Perini had a negative net margin of 4.41% and a negative return on equity of 12.73%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $951.50 million. Analysts anticipate that Tutor Perini Co. will post 0.92 earnings per share for the current fiscal year.

Insider Activity

In related news, President Gary G. Smalley sold 27,958 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $12.86, for a total transaction of $359,539.88. Following the completion of the transaction, the president now directly owns 112,245 shares in the company, valued at $1,443,470.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Tutor Perini news, President Gary G. Smalley sold 15,940 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $13.28, for a total value of $211,683.20. Following the completion of the sale, the president now owns 68,346 shares in the company, valued at approximately $907,634.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Gary G. Smalley sold 27,958 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $12.86, for a total transaction of $359,539.88. Following the completion of the sale, the president now owns 112,245 shares of the company’s stock, valued at approximately $1,443,470.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 64,201 shares of company stock valued at $822,980. Corporate insiders own 20.90% of the company’s stock.

Institutional Trading of Tutor Perini

A number of hedge funds have recently bought and sold shares of the business. Counterpoint Mutual Funds LLC acquired a new stake in Tutor Perini in the 1st quarter valued at about $294,000. Westend Capital Management LLC acquired a new stake in Tutor Perini in the 1st quarter valued at about $234,000. Los Angeles Capital Management LLC raised its holdings in Tutor Perini by 77.8% in the 1st quarter. Los Angeles Capital Management LLC now owns 151,727 shares of the construction company’s stock valued at $2,194,000 after acquiring an additional 66,408 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Tutor Perini in the 4th quarter valued at about $243,000. Finally, Vanguard Group Inc. raised its holdings in Tutor Perini by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 2,308,023 shares of the construction company’s stock valued at $21,003,000 after acquiring an additional 60,076 shares during the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

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.