Tutor Perini (NYSE:TPC) Hits New 52-Week High at $19.20

Shares of Tutor Perini Co. (NYSE:TPC - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $19.20 and last traded at $19.12, with a volume of 41941 shares traded. The stock had previously closed at $18.84.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Tutor Perini from a "hold" rating to a "buy" rating in a research note on Friday, April 26th.

Tutor Perini Stock Down 0.2 %

The company's 50 day moving average price is $14.59 and its two-hundred day moving average price is $10.69. The firm has a market cap of $982.60 million, a PE ratio of -9.20 and a beta of 1.53. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.60.

Tutor Perini (NYSE:TPC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The construction company reported ($0.91) EPS 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 the consensus estimate of $951.50 million. Tutor Perini had a negative net margin of 2.56% and a negative return on equity of 8.03%. On average, equities research analysts expect that Tutor Perini Co. will post 1.1 EPS for the current fiscal year.

Insider Buying and Selling at Tutor Perini

In other news, President Gary G. Smalley sold 27,958 shares of the business's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $12.86, for a total value of $359,539.88. Following the sale, the president now directly owns 112,245 shares in the company, valued at approximately $1,443,470.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, President Gary G. Smalley sold 15,940 shares of the company's stock in a transaction dated 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 directly owns 68,346 shares of the company's stock, valued at $907,634.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Gary G. Smalley sold 27,958 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $12.86, for a total transaction of $359,539.88. Following the transaction, the president now owns 112,245 shares in the company, valued at $1,443,470.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 64,201 shares of company stock worth $822,980. Insiders own 19.50% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Highlander Capital Management LLC raised its position in shares of Tutor Perini by 85.7% in the 4th quarter. Highlander Capital Management LLC now owns 6,500 shares of the construction company's stock valued at $59,000 after purchasing an additional 3,000 shares during the last quarter. Tower Research Capital LLC TRC raised 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 valued at $68,000 after purchasing an additional 6,383 shares during the last quarter. Corton Capital Inc. raised its position in shares of Tutor Perini by 56.5% in the 3rd quarter. Corton Capital Inc. now owns 19,071 shares of the construction company's stock valued at $149,000 after purchasing an additional 6,887 shares during the last quarter. John G Ullman & Associates Inc. purchased a new position in shares of Tutor Perini in the 4th quarter valued at approximately $150,000. Finally, SG Americas Securities LLC raised its position in shares of Tutor Perini by 107.6% in the 3rd quarter. SG Americas Securities LLC now owns 23,309 shares of the construction company's stock valued at $183,000 after purchasing an additional 12,079 shares during the last quarter. 65.01% of the stock is currently owned by institutional investors.

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.