Tutor Perini Corp (NYSE:TPC) Director Dale Ann Reiss sold 4,829 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $27.28, for a total transaction of $131,735.12. Following the completion of the sale, the director now directly owns 20,625 shares of the company’s stock, valued at approximately $562,650. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Tutor Perini Corp (TPC) traded up $1.05 during trading hours on Thursday, hitting $26.75. 296,013 shares of the stock traded hands, compared to its average volume of 404,714. Tutor Perini Corp has a 12-month low of $22.60 and a 12-month high of $33.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market cap of $1,330.00, a PE ratio of 13.86, a price-to-earnings-growth ratio of 0.96 and a beta of 2.37.
Tutor Perini (NYSE:TPC) last posted its earnings results on Thursday, November 9th. The construction company reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.22). Tutor Perini had a return on equity of 6.16% and a net margin of 2.03%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the business posted $0.57 earnings per share. The company’s revenue for the quarter was down 10.0% on a year-over-year basis. equities research analysts expect that Tutor Perini Corp will post 1.83 earnings per share for the current fiscal year.
Several brokerages have weighed in on TPC. ValuEngine raised shares of Tutor Perini from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. dropped their price target on shares of Tutor Perini from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. B. Riley dropped their price target on shares of Tutor Perini from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, November 14th. Canaccord Genuity dropped their price target on shares of Tutor Perini from $35.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, November 10th. Finally, Zacks Investment Research raised shares of Tutor Perini from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. Tutor Perini presently has a consensus rating of “Buy” and an average price target of $33.83.
Several institutional investors have recently modified their holdings of TPC. SG Americas Securities LLC bought a new position in shares of Tutor Perini in the 3rd quarter worth about $135,000. Victory Capital Management Inc. increased its stake in shares of Tutor Perini by 119.4% in the 3rd quarter. Victory Capital Management Inc. now owns 6,877 shares of the construction company’s stock worth $195,000 after acquiring an additional 3,743 shares in the last quarter. Macquarie Group Ltd. bought a new position in shares of Tutor Perini in the 3rd quarter worth about $207,000. BNP Paribas Arbitrage SA increased its stake in shares of Tutor Perini by 239.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,112 shares of the construction company’s stock worth $233,000 after acquiring an additional 5,725 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Tutor Perini in the 3rd quarter worth about $282,000. Institutional investors own 81.78% of the company’s stock.
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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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