Insider Selling: Tutor Perini Co. (NYSE:TPC) Chairman Sells 130,478 Shares of Stock

Tutor Perini Co. (NYSE:TPC - Get Free Report) Chairman Ronald N. Tutor sold 130,478 shares of the firm's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $40.93, for a total transaction of $5,340,464.54. Following the sale, the chairman now owns 4,570,985 shares in the company, valued at $187,090,416.05. The trade was a 2.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Tutor Perini Price Performance

Shares of Tutor Perini stock traded up $0.73 during trading on Thursday, reaching $42.52. 264,142 shares of the stock traded hands, compared to its average volume of 550,282. Tutor Perini Co. has a 52-week low of $14.50 and a 52-week high of $42.72. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.55 and a quick ratio of 1.55. The business has a fifty day simple moving average of $29.08 and a two-hundred day simple moving average of $26.24. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of -16.94 and a beta of 1.74.

Tutor Perini (NYSE:TPC - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The construction company reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.47. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.08 billion. Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. The company's revenue was up 18.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. B. Riley reiterated a "buy" rating and set a $50.00 target price (up previously from $40.00) on shares of Tutor Perini in a research report on Friday, June 6th. UBS Group increased their price objective on shares of Tutor Perini from $40.00 to $41.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, Wall Street Zen upgraded shares of Tutor Perini from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th.

Hedge Funds Weigh In On Tutor Perini

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its position in shares of Tutor Perini by 32.5% during the 1st quarter. GAMMA Investing LLC now owns 2,080 shares of the construction company's stock valued at $48,000 after buying an additional 510 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in Tutor Perini during the first quarter worth approximately $54,000. Comerica Bank raised its position in Tutor Perini by 30.7% during the first quarter. Comerica Bank now owns 2,423 shares of the construction company's stock valued at $56,000 after purchasing an additional 569 shares during the period. CWM LLC raised its position in Tutor Perini by 32.8% during the first quarter. CWM LLC now owns 3,442 shares of the construction company's stock valued at $80,000 after purchasing an additional 850 shares during the period. Finally, AlphaQuest LLC lifted its stake in shares of Tutor Perini by 849.2% in the 1st quarter. AlphaQuest LLC now owns 3,436 shares of the construction company's stock valued at $80,000 after purchasing an additional 3,074 shares during the last quarter. Institutional investors own 65.01% of the company's stock.

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.