Tutor Perini Corp (NYSE:TPC) major shareholder N. Tutor Separate Prope Ronald sold 20,000 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $16.51, for a total value of $330,200.00. Following the transaction, the insider now directly owns 5,594,050 shares of the company’s stock, valued at $92,357,765.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
NYSE TPC traded up $0.17 during trading on Wednesday, reaching $16.87. 280,785 shares of the company’s stock were exchanged, compared to its average volume of 382,622. The company has a market capitalization of $827.21 million, a price-to-earnings ratio of 8.83, a price-to-earnings-growth ratio of 0.79 and a beta of 1.92. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.09 and a quick ratio of 2.09. Tutor Perini Corp has a 1 year low of $14.66 and a 1 year high of $22.02.
Tutor Perini (NYSE:TPC) last announced its quarterly earnings results on Wednesday, May 8th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.06). The business had revenue of $958.49 million for the quarter, compared to analysts’ expectations of $1.01 billion. Tutor Perini had a return on equity of 5.42% and a net margin of 2.17%. As a group, equities research analysts expect that Tutor Perini Corp will post 2.11 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SEI Investments Co purchased a new stake in Tutor Perini during the 1st quarter worth about $398,000. Ellington Management Group LLC purchased a new stake in Tutor Perini during the 1st quarter worth about $282,000. Hsbc Holdings PLC lifted its holdings in Tutor Perini by 8.9% during the 1st quarter. Hsbc Holdings PLC now owns 22,241 shares of the construction company’s stock worth $381,000 after buying an additional 1,818 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Tutor Perini by 11.3% in the 1st quarter. Geode Capital Management LLC now owns 470,668 shares of the construction company’s stock valued at $8,057,000 after purchasing an additional 47,624 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Tutor Perini by 17.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 686,930 shares of the construction company’s stock valued at $11,761,000 after purchasing an additional 102,566 shares during the last quarter. 91.25% of the stock is owned by institutional investors.
Several research analysts recently commented on the company. Zacks Investment Research cut Tutor Perini from a “buy” rating to a “hold” rating in a research note on Saturday. ValuEngine cut Tutor Perini from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 30th. MKM Partners set a $27.00 price target on Tutor Perini and gave the stock a “buy” rating in a report on Thursday, February 28th. TheStreet raised Tutor Perini from a “c+” rating to a “b-” rating in a report on Wednesday, March 20th. Finally, KeyCorp set a $24.00 price target on Tutor Perini and gave the stock a “buy” rating in a report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $22.17.
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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 worldwide. The company operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction, replacement, and reconstruction of infrastructure, including highways, bridges, tunnels, mass-transit systems, and water management and wastewater treatment facilities.
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