Tutor Perini Corporation (NYSE:TPC) major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $25.17, for a total transaction of $629,250.00. Following the completion of the sale, the insider now owns 5,823,120 shares of the company’s stock, valued at $146,567,930.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
N. Tutor Separate Prope Ronald also recently made the following trade(s):
- On Tuesday, September 12th, N. Tutor Separate Prope Ronald sold 71,383 shares of Tutor Perini stock. The shares were sold at an average price of $26.10, for a total transaction of $1,863,096.30.
- On Wednesday, September 6th, N. Tutor Separate Prope Ronald sold 25,000 shares of Tutor Perini stock. The shares were sold at an average price of $26.11, for a total transaction of $652,750.00.
Tutor Perini Corporation (NYSE:TPC) opened at $26.00 on Tuesday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.52. Tutor Perini Corporation has a 12-month low of $22.60 and a 12-month high of $33.00. The firm has a market cap of $1,290.00, a PE ratio of 13.01, a P/E/G ratio of 1.37 and a beta of 2.36.
Tutor Perini (NYSE:TPC) last released its quarterly earnings results on Thursday, November 9th. The construction company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.22). Tutor Perini had a net margin of 2.03% and a return on equity of 6.16%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the business earned $0.57 earnings per share. The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. research analysts predict that Tutor Perini Corporation will post 1.83 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TPC. Boston Partners lifted its position in shares of Tutor Perini by 33.2% during the third quarter. Boston Partners now owns 2,288,432 shares of the construction company’s stock valued at $64,992,000 after purchasing an additional 570,799 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Tutor Perini by 4,205.8% during the second quarter. Principal Financial Group Inc. now owns 384,639 shares of the construction company’s stock valued at $11,058,000 after purchasing an additional 375,706 shares in the last quarter. Northern Trust Corp lifted its position in shares of Tutor Perini by 59.9% during the second quarter. Northern Trust Corp now owns 764,431 shares of the construction company’s stock valued at $21,978,000 after purchasing an additional 286,310 shares in the last quarter. Formula Growth Ltd. bought a new position in shares of Tutor Perini during the third quarter valued at about $7,526,000. Finally, LSV Asset Management lifted its position in shares of Tutor Perini by 14.4% during the second quarter. LSV Asset Management now owns 1,964,456 shares of the construction company’s stock valued at $56,478,000 after purchasing an additional 247,500 shares in the last quarter. 81.78% of the stock is currently owned by institutional investors.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Tutor Perini from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Seaport Global Securities cut shares of Tutor Perini from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $40.00 to $31.00 in a report on Wednesday, October 11th. B. Riley reiterated a “buy” rating on shares of Tutor Perini in a report on Wednesday, November 1st. ValuEngine upgraded shares of Tutor Perini from a “hold” rating to a “buy” rating in a report on Friday. Finally, Canaccord Genuity reiterated a “buy” rating and set a $35.00 price objective on shares of Tutor Perini in a report on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $33.63.
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Tutor Perini Company Profile
Tutor Perini Corporation is a construction company offering general contracting, construction management and design-build services to private customers and public agencies across the world. The Company operates through three segments: Civil, Building and Specialty Contractors. Its Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure across various geographic regions of the United States.
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