Tutor Perini Co. (NYSE:TPC) CEO Ronald N. Tutor Sells 25,000 Shares of Stock

Tutor Perini Co. (NYSE:TPC) CEO Ronald N. Tutor sold 25,000 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $8.00, for a total value of $200,000.00. Following the sale, the chief executive officer now owns 3,536,940 shares in the company, valued at $28,295,520. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Tutor Perini Stock Performance

Shares of NYSE:TPC opened at $7.96 on Tuesday. The firm has a market capitalization of $413.73 million, a PE ratio of -1.94 and a beta of 1.53. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.81 and a quick ratio of 1.81. The business has a 50-day moving average of $8.39 and a two-hundred day moving average of $7.02. Tutor Perini Co. has a 12 month low of $4.90 and a 12 month high of $9.60.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings results on Thursday, August 3rd. The construction company reported ($0.72) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.71). Tutor Perini had a negative return on equity of 14.83% and a negative net margin of 5.62%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $919.80 million. As a group, research analysts forecast that Tutor Perini Co. will post -1.63 earnings per share for the current year.

Institutional Investors Weigh In On Tutor Perini

Large investors have recently modified their holdings of the stock. Swiss National Bank boosted its holdings in Tutor Perini by 7.6% in the first quarter. Swiss National Bank now owns 108,700 shares of the construction company’s stock valued at $1,174,000 after purchasing an additional 7,700 shares during the last quarter. Raymond James & Associates acquired a new stake in Tutor Perini in the 1st quarter valued at approximately $142,000. American Century Companies Inc. increased its position in Tutor Perini by 33.8% in the 1st quarter. American Century Companies Inc. now owns 129,556 shares of the construction company’s stock valued at $1,399,000 after acquiring an additional 32,707 shares during the period. MetLife Investment Management LLC increased its position in Tutor Perini by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 22,604 shares of the construction company’s stock valued at $244,000 after acquiring an additional 8,060 shares during the period. Finally, BlackRock Inc. increased its position in shares of Tutor Perini by 7.8% during the 1st quarter. BlackRock Inc. now owns 4,333,989 shares of the construction company’s stock valued at $46,806,000 after purchasing an additional 312,568 shares during the period. Institutional investors and hedge funds own 63.61% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on TPC shares. StockNews.com started coverage on Tutor Perini in a research note on Thursday, August 17th. They issued a “hold” rating for the company. B. Riley upped their target price on Tutor Perini from $8.00 to $11.00 in a research note on Tuesday, August 8th.

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 worldwide. It operates in three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction and the replacement and reconstruction of infrastructure; and offers civil contracting services, including construction and rehabilitation of highways, bridges, tunnels, mass-transit systems, military defense facilities, and water management and wastewater treatment facilities, as well as provides drilling, foundation, and excavation support for shoring, bridges, piers, roads, and highway projects.