Tutor Perini (NYSE:TPC) Stock Price Up 6.2%

Shares of Tutor Perini Co. (NYSE:TPC - Get Free Report) were up 6.2% during trading on Wednesday . The stock traded as high as $15.63 and last traded at $15.61. Approximately 281,305 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 310,049 shares. The stock had previously closed at $14.70.

Wall Street Analysts Forecast Growth

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

Tutor Perini Price Performance

The company has a fifty day moving average of $11.06 and a 200 day moving average of $9.14. The firm has a market capitalization of $827.28 million, a P/E ratio of -4.83 and a beta of 1.62. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.66 and a quick ratio of 1.66.

Tutor Perini (NYSE:TPC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The construction company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.98). Tutor Perini had a negative return on equity of 12.73% and a negative net margin of 4.41%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $951.50 million. Sell-side analysts predict that Tutor Perini Co. will post 0.92 earnings per share for the current year.

Insider Buying and Selling

In other Tutor Perini news, President Gary G. Smalley sold 15,940 shares of the business'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 completion of the sale, the president now directly owns 68,346 shares of the company's stock, valued at approximately $907,634.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, 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 transaction of $211,683.20. Following the completion of the transaction, the president now owns 68,346 shares in the company, valued at $907,634.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, President Gary G. Smalley sold 27,958 shares of the 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 transaction, the president now directly owns 112,245 shares of the company's stock, valued at $1,443,470.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 64,201 shares of company stock valued at $822,980. 20.90% of the stock is owned by company insiders.

Institutional Trading of Tutor Perini

Several institutional investors and hedge funds have recently modified their holdings of the business. Quadrature Capital Ltd bought a new position in shares of Tutor Perini during the 4th quarter valued at about $243,000. Vanguard Group Inc. boosted its stake in Tutor Perini by 2.7% in 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. grew its position in Tutor Perini by 12.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 194,559 shares of the construction company's stock valued at $1,770,000 after acquiring an additional 21,117 shares during the last quarter. Barclays PLC grew its position in Tutor Perini by 122.9% during the fourth quarter. Barclays PLC now owns 76,797 shares of the construction company's stock valued at $699,000 after acquiring an additional 42,341 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its stake 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 in the last quarter. 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.