Tutor Perini (NYSE:TPC) Updates Q1 Earnings Guidance

Tutor Perini (NYSE:TPC - Get Free Report) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.27-0.32 for the period, compared to the consensus estimate of ($0.17).

Tutor Perini Stock Down 1.7 %

Tutor Perini stock traded down $0.23 during midday trading on Monday, reaching $13.63. The company's stock had a trading volume of 464,926 shares, compared to its average volume of 329,638. The stock's 50-day simple moving average is $11.99 and its 200-day simple moving average is $9.53. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market capitalization of $709.17 million, a P/E ratio of -4.14 and a beta of 1.62. Tutor Perini has a 52-week low of $4.90 and a 52-week high of $16.33.

Tutor Perini (NYSE:TPC - Get Free Report) last posted its earnings results 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 company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $951.50 million. Tutor Perini had a negative return on equity of 12.73% and a negative net margin of 4.41%. On average, sell-side analysts expect that Tutor Perini will post 0.92 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Tutor Perini from a buy rating to a hold rating in a report on Saturday, March 30th.

Insider Transactions at Tutor Perini

In other news, President Gary G. Smalley sold 27,958 shares of the company's stock in a transaction on Monday, March 18th. The stock was sold at an average price of $12.86, for a total value of $359,539.88. Following the transaction, 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 filing with the SEC, which is accessible through the SEC website. In other Tutor Perini news, President Gary G. Smalley sold 27,958 shares of the company's 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 sale, the president now owns 112,245 shares in the company, valued at approximately $1,443,470.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Gary G. Smalley sold 15,940 shares of the 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 transaction, the president now owns 68,346 shares in the company, valued at approximately $907,634.88. The disclosure for this sale can be found here. Insiders have sold 64,201 shares of company stock valued at $822,980 over the last ninety days. Insiders own 20.90% of the company's stock.

Hedge Funds Weigh In On Tutor Perini

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in Tutor Perini by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 2,308,023 shares of the construction company's stock worth $21,003,000 after buying an additional 60,076 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Tutor Perini by 12.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 194,559 shares of the construction company's stock worth $1,770,000 after purchasing an additional 21,117 shares in the last quarter. Barclays PLC lifted its stake in shares of Tutor Perini by 122.9% during the fourth quarter. Barclays PLC now owns 76,797 shares of the construction company's stock worth $699,000 after purchasing an additional 42,341 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of Tutor Perini by 1.2% during the fourth quarter. Nuveen Asset Management LLC now owns 138,430 shares of the construction company's stock worth $1,260,000 after acquiring an additional 1,673 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in Tutor Perini by 4.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 411,600 shares of the construction company's stock valued at $3,746,000 after buying an additional 16,808 shares during the last quarter. 65.01% of the stock is owned by hedge funds and other institutional investors.

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.