Tutor Perini Co. (NYSE:TPC) Chairman Sells $3,862,000.00 in Stock

Tutor Perini Co. (NYSE:TPC - Get Free Report) Chairman Ronald N. Tutor sold 100,000 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $38.62, for a total transaction of $3,862,000.00. Following the transaction, the chairman now directly owns 4,730,985 shares in the company, valued at $182,710,640.70. This trade represents a 2.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Tutor Perini Price Performance

NYSE TPC traded up $1.65 on Friday, reaching $40.54. The company's stock had a trading volume of 1,340,699 shares, compared to its average volume of 548,383. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average price of $27.59 and a 200 day moving average price of $25.91. The firm has a market cap of $2.14 billion, a PE ratio of -16.15 and a beta of 1.62. Tutor Perini Co. has a 52 week low of $14.50 and a 52 week high of $40.70.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TPC. Wall Street Zen raised Tutor Perini from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. B. Riley reissued a "buy" rating and set a $50.00 price objective (up previously from $40.00) on shares of Tutor Perini in a report on Friday. Finally, UBS Group boosted their price objective on Tutor Perini from $40.00 to $41.00 and gave the company a "buy" rating in a research report on Friday, May 9th.

Institutional Investors Weigh In On Tutor Perini

Hedge funds have recently made changes to their positions in the company. Barclays PLC grew its stake in Tutor Perini by 298.0% during the third quarter. Barclays PLC now owns 69,875 shares of the construction company's stock worth $1,898,000 after buying an additional 52,319 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Tutor Perini by 8.8% in the 4th quarter. Ameriprise Financial Inc. now owns 211,843 shares of the construction company's stock worth $5,127,000 after acquiring an additional 17,217 shares in the last quarter. Deutsche Bank AG grew its position in Tutor Perini by 34.2% during the 4th quarter. Deutsche Bank AG now owns 48,285 shares of the construction company's stock worth $1,168,000 after acquiring an additional 12,296 shares during the last quarter. Millennium Management LLC increased its holdings in Tutor Perini by 90.8% during the 4th quarter. Millennium Management LLC now owns 144,597 shares of the construction company's stock valued at $3,499,000 after purchasing an additional 68,807 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Tutor Perini by 10.4% in the 4th quarter. Franklin Resources Inc. now owns 88,216 shares of the construction company's stock valued at $2,135,000 after purchasing an additional 8,309 shares during the last quarter. Institutional investors and hedge funds 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.