Tutor Perini (NYSE:TPC) Sets New 52-Week High at $14.71

Tutor Perini Co. (NYSE:TPC - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $14.71 and last traded at $14.62, with a volume of 26116 shares changing hands. The stock had previously closed at $14.46.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Tutor Perini from a "buy" rating to a "hold" rating in a research note on Saturday.

Tutor Perini Price Performance

The company has a 50 day moving average price of $10.79 and a 200-day moving average price of $9.04. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.61. The company has a market cap of $770.04 million, a price-to-earnings ratio of -4.50 and a beta of 1.62.

Tutor Perini (NYSE:TPC - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The construction company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $951.50 million. As a group, equities research analysts predict that Tutor Perini Co. will post 0.92 EPS for the current fiscal year.

Insider Buying and Selling at Tutor Perini

In other Tutor Perini news, President Gary G. Smalley sold 15,940 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $13.28, for a total transaction of $211,683.20. Following the completion of the sale, the president now owns 68,346 shares of the company's stock, valued at approximately $907,634.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, President Gary G. Smalley sold 27,958 shares of the firm's stock in a transaction that occurred 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 sale, the president now owns 112,245 shares of the company's stock, valued at approximately $1,443,470.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Gary G. Smalley sold 15,940 shares of the firm's stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $13.28, for a total transaction of $211,683.20. Following the sale, the president now directly owns 68,346 shares of the company's stock, valued at approximately $907,634.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 64,201 shares of company stock valued at $822,980. 20.90% of the stock is currently owned by company insiders.

Institutional Trading of Tutor Perini

Large investors have recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. grew its position in shares of Tutor Perini by 25.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 420,821 shares of the construction company's stock worth $3,295,000 after buying an additional 86,141 shares during the period. Barclays PLC lifted its holdings in shares of Tutor Perini by 79.5% in the 3rd quarter. Barclays PLC now owns 34,456 shares of the construction company's stock worth $269,000 after purchasing an additional 15,262 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Tutor Perini by 9.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,697,413 shares of the construction company's stock worth $13,291,000 after purchasing an additional 146,033 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Tutor Perini in the 3rd quarter worth $697,000. Finally, Foundry Partners LLC lifted its holdings in shares of Tutor Perini by 7.1% in the 3rd quarter. Foundry Partners LLC now owns 754,290 shares of the construction company's stock worth $5,906,000 after purchasing an additional 50,095 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company's stock.

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 in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.