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

Tutor Perini Co. (NYSE:TPCGet Free Report) CEO Ronald N. Tutor sold 25,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $19.40, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Tutor Perini Price Performance

Shares of TPC traded up $0.48 during trading hours on Monday, hitting $21.20. 539,420 shares of the company were exchanged, compared to its average volume of 423,362. The firm’s fifty day moving average is $18.14 and its 200 day moving average is $12.95. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -10.40 and a beta of 1.50. Tutor Perini Co. has a fifty-two week low of $6.31 and a fifty-two week high of $23.19. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.60.

Tutor Perini (NYSE:TPCGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The construction company reported $0.30 earnings per share for the quarter, topping 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 company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $919.60 million. On average, equities analysts anticipate that Tutor Perini Co. will post 1.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. EntryPoint Capital LLC bought a new stake in Tutor Perini during the first quarter valued at approximately $77,000. Highlander Capital Management LLC lifted its holdings in Tutor Perini by 85.7% in the fourth quarter. Highlander Capital Management LLC now owns 6,500 shares of the construction company’s stock worth $59,000 after buying an additional 3,000 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Tutor Perini by 606.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,436 shares of the construction company’s stock worth $68,000 after buying an additional 6,383 shares during the period. Price T Rowe Associates Inc. MD bought a new position in Tutor Perini during the 1st quarter valued at approximately $177,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of Tutor Perini during the first quarter valued at approximately $224,000. 65.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Read Our Latest Analysis on TPC

About Tutor Perini

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Tutor Perini (NYSE:TPC)

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