Tutor Perini (NYSE:TPC) Director Sidney J. Feltenstein Sells 332 Shares

Key Points

• Tutor Perini Director Sidney Feltenstein sold 332 shares at $65.00 each, totaling $21,580.00, decreasing his ownership by 0.11% to 311,942 shares.
• The company reported earnings per share of $1.41 for the last quarter, surpassing the consensus estimate of $0.29, with revenues of $1.37 billion.
• Multiple analysts have upgraded Tutor Perini's ratings, with B. Riley raising their price target from $50.00 to $75.00 and several firms issuing "strong-buy" ratings.

Tutor Perini Corporation (NYSE:TPC - Get Free Report) Director Sidney J. Feltenstein sold 332 shares of the business's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $65.00, for a total value of $21,580.00. Following the completion of the transaction, the director owned 311,942 shares in the company, valued at $20,276,230. This trade represents a 0.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tutor Perini Stock Performance

TPC stock traded up $1.38 during trading on Monday, hitting $66.86. The company had a trading volume of 487,216 shares, compared to its average volume of 555,178. The firm has a market cap of $3.53 billion, a PE ratio of -26.53 and a beta of 1.88. Tutor Perini Corporation has a 1-year low of $18.33 and a 1-year high of $66.99. The firm has a 50-day moving average price of $55.40 and a 200-day moving average price of $40.07. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.32.

Tutor Perini (NYSE:TPC - Get Free Report) last released its earnings results on Wednesday, August 6th. The construction company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $1.12. Tutor Perini had a negative return on equity of 6.41% and a negative net margin of 2.77%.The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter in the previous year, the firm posted $0.02 EPS. The firm's quarterly revenue was up 21.8% on a year-over-year basis.

Institutional Investors Weigh In On Tutor Perini

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Donald Smith & CO. Inc. lifted its stake in Tutor Perini by 16.8% in the 1st quarter. Donald Smith & CO. Inc. now owns 4,031,220 shares of the construction company's stock valued at $93,444,000 after buying an additional 580,963 shares in the last quarter. Vanguard Group Inc. lifted its stake in Tutor Perini by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 2,829,370 shares of the construction company's stock valued at $65,585,000 after buying an additional 130,747 shares in the last quarter. First Trust Advisors LP lifted its stake in Tutor Perini by 4,166.1% in the 2nd quarter. First Trust Advisors LP now owns 1,153,214 shares of the construction company's stock valued at $53,947,000 after buying an additional 1,126,182 shares in the last quarter. Geode Capital Management LLC lifted its stake in Tutor Perini by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,049,338 shares of the construction company's stock valued at $49,094,000 after buying an additional 22,210 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Tutor Perini by 24.5% in the 2nd quarter. American Century Companies Inc. now owns 989,612 shares of the construction company's stock valued at $46,294,000 after buying an additional 194,729 shares in the last quarter. Hedge funds and other institutional investors own 65.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wall Street Zen upgraded Tutor Perini from a "buy" rating to a "strong-buy" rating in a research report on Monday, August 11th. B. Riley upped their price target on Tutor Perini from $50.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Zacks Research upgraded Tutor Perini to a "strong-buy" rating in a report on Friday, August 8th. Finally, UBS Group upped their price target on Tutor Perini from $59.00 to $67.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Tutor Perini presently has a consensus rating of "Buy" and an average price target of $60.00.

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.