Tutor Perini Co. (NYSE:TPC) Chairman Ronald N. Tutor Sells 29,522 Shares

Tutor Perini Co. (NYSE:TPC - Get Free Report) Chairman Ronald N. Tutor sold 29,522 shares of the firm's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $40.51, for a total value of $1,195,936.22. Following the transaction, the chairman now owns 4,701,463 shares of the company's stock, valued at $190,456,266.13. The trade was a 0.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tutor Perini Stock Performance

Shares of Tutor Perini stock traded down $0.74 during trading hours on Friday, reaching $41.98. 549,361 shares of the stock traded hands, compared to its average volume of 551,672. Tutor Perini Co. has a one year low of $14.50 and a one year high of $42.78. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of -16.73 and a beta of 1.74. The company has a 50 day moving average price of $29.98 and a 200 day moving average price of $26.42.

Tutor Perini (NYSE:TPC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The construction company reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.47. Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. The firm had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same period in the previous year, the firm earned $0.30 EPS. The business's quarterly revenue was up 18.8% on a year-over-year basis.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in Tutor Perini by 32.5% in the 1st quarter. GAMMA Investing LLC now owns 2,080 shares of the construction company's stock worth $48,000 after purchasing an additional 510 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Tutor Perini in the 1st quarter worth approximately $54,000. Comerica Bank lifted its holdings in Tutor Perini by 30.7% in the 1st quarter. Comerica Bank now owns 2,423 shares of the construction company's stock worth $56,000 after purchasing an additional 569 shares in the last quarter. AlphaQuest LLC lifted its holdings in Tutor Perini by 849.2% in the 1st quarter. AlphaQuest LLC now owns 3,436 shares of the construction company's stock worth $80,000 after purchasing an additional 3,074 shares in the last quarter. Finally, CWM LLC lifted its holdings in Tutor Perini by 32.8% in the 1st quarter. CWM LLC now owns 3,442 shares of the construction company's stock worth $80,000 after purchasing an additional 850 shares in the last quarter. 65.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on TPC. UBS Group lifted their price objective on Tutor Perini from $40.00 to $41.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Wall Street Zen upgraded Tutor Perini from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Finally, B. Riley restated a "buy" rating and set a $50.00 price target (up from $40.00) on shares of Tutor Perini in a research note on Friday, June 6th.

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.