Tutor Perini (NYSE:TPC) Reaches New 12-Month High at $17.29

Tutor Perini Co. (NYSE:TPC) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $17.29 and last traded at $16.96, with a volume of 455364 shares. The stock had previously closed at $13.89.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Tutor Perini from a “hold” rating to a “buy” rating in a report on Friday.

Tutor Perini Trading Up 28.0 %

The company has a fifty day simple moving average of $12.91 and a 200-day simple moving average of $9.93. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.61. The stock has a market cap of $929.54 million, a price-to-earnings ratio of -8.72 and a beta of 1.62.

Tutor Perini (NYSE:TPC) last issued its earnings results on Wednesday, February 28th. The construction company reported ($0.91) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.98). The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $951.50 million. Tutor Perini had a negative net margin of 2.56% and a negative return on equity of 7.99%. On average, research analysts forecast that Tutor Perini Co. will post 0.92 earnings per share for the current fiscal year.

Insider Activity

In other news, President Gary G. Smalley sold 20,303 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $12.40, for a total value of $251,757.20. Following the transaction, the president now owns 160,507 shares in the company, valued at approximately $1,990,286.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, President Gary G. Smalley sold 20,303 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $12.40, for a total value of $251,757.20. Following the transaction, the president now owns 160,507 shares in the company, valued at approximately $1,990,286.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Gary G. Smalley sold 27,958 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $12.86, for a total value of $359,539.88. Following the completion of the transaction, the president now owns 112,245 shares in the company, valued at approximately $1,443,470.70. The disclosure for this sale can be found here. Insiders have sold 64,201 shares of company stock worth $822,980 in the last 90 days. Company insiders own 19.50% of the company’s stock.

Hedge Funds Weigh In On Tutor Perini

A number of hedge funds have recently added to or reduced their stakes in TPC. Highlander Capital Management LLC increased its holdings in Tutor Perini by 85.7% in the fourth quarter. Highlander Capital Management LLC now owns 6,500 shares of the construction company’s stock worth $59,000 after buying an additional 3,000 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Tutor Perini by 606.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,436 shares of the construction company’s stock worth $68,000 after buying an additional 6,383 shares during the last quarter. Corton Capital Inc. increased its holdings in Tutor Perini by 56.5% in the third quarter. Corton Capital Inc. now owns 19,071 shares of the construction company’s stock worth $149,000 after buying an additional 6,887 shares during the last quarter. John G Ullman & Associates Inc. acquired a new position in Tutor Perini in the fourth quarter worth approximately $150,000. Finally, SG Americas Securities LLC increased its holdings in Tutor Perini by 107.6% in the third quarter. SG Americas Securities LLC now owns 23,309 shares of the construction company’s stock worth $183,000 after buying an additional 12,079 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.