Tutor Perini (NYSE:TPC) Reaches New 1-Year High at $17.29

Tutor Perini Co. (NYSE:TPC - Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as $17.29 and last traded at $16.96, with a volume of 455364 shares trading hands. The stock had previously closed at $13.89.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Tutor Perini from a "buy" rating to a "hold" rating in a research note on Saturday, March 30th.

Tutor Perini Stock Performance

The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.66 and a current ratio of 1.66. The firm's 50 day simple moving average is $12.91 and its 200 day simple moving average is $9.91. The firm has a market capitalization of $929.02 million, a price-to-earnings ratio of -5.40 and a beta of 1.62.

Tutor Perini (NYSE:TPC - Get Free Report) last posted its earnings results on Wednesday, February 28th. The construction company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.98). The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $951.50 million. Tutor Perini had a negative net margin of 4.41% and a negative return on equity of 12.73%. Sell-side analysts forecast 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 15,940 shares of the business's stock in a transaction on 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 of the company's stock, valued at approximately $907,634.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, President Gary G. Smalley sold 15,940 shares of the business's stock in a transaction on 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 of the company's stock, valued at approximately $907,634.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Gary G. Smalley sold 20,303 shares of the business's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $12.40, for a total transaction of $251,757.20. Following the completion of the sale, the president now directly owns 160,507 shares of the company's stock, valued at approximately $1,990,286.80. The disclosure for this sale can be found here. Insiders sold a total of 64,201 shares of company stock valued at $822,980 in the last three months. 19.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Tutor Perini

Large investors have recently modified their holdings of the business. Highlander Capital Management LLC grew its holdings in shares of Tutor Perini by 85.7% during 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 in the last quarter. Tower Research Capital LLC TRC lifted its position in Tutor Perini by 606.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,436 shares of the construction company's stock valued at $68,000 after buying an additional 6,383 shares during the last quarter. Corton Capital Inc. increased its stake in Tutor Perini by 56.5% during the third quarter. Corton Capital Inc. now owns 19,071 shares of the construction company's stock worth $149,000 after purchasing an additional 6,887 shares during the period. John G Ullman & Associates Inc. purchased a new stake in Tutor Perini during the fourth quarter worth about $150,000. Finally, SG Americas Securities LLC increased its stake in Tutor Perini by 107.6% during the third quarter. SG Americas Securities LLC now owns 23,309 shares of the construction company's stock worth $183,000 after purchasing an additional 12,079 shares during the period. Hedge funds and other institutional investors 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.