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 stock was 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 stock was sold at an average price of $26.11, for a total transaction of $652,750.00.

Shares of Tutor Perini Corporation (TPC) traded up $0.90 during midday trading on Monday, hitting $26.00. 568,489 shares of the stock were exchanged, compared to its average volume of 356,189. The firm has a market capitalization 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 Corporation has a 52-week low of $22.60 and a 52-week high of $33.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.07 and a quick ratio of 2.07.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings data on Thursday, November 9th. The construction company reported $0.47 earnings per share (EPS) 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 business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the business earned $0.57 earnings per share. The firm’s quarterly revenue was down 10.0% compared to the same quarter last year. research analysts forecast that Tutor Perini Corporation will post 1.83 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in Tutor Perini during the third quarter worth about $135,000. Victory Capital Management Inc. boosted its holdings in Tutor Perini by 119.4% during the third quarter. Victory Capital Management Inc. now owns 6,877 shares of the construction company’s stock worth $195,000 after purchasing an additional 3,743 shares during the last quarter. Macquarie Group Ltd. purchased a new position in Tutor Perini during the third quarter worth about $207,000. BNP Paribas Arbitrage SA boosted its holdings in Tutor Perini by 239.8% during the second quarter. BNP Paribas Arbitrage SA now owns 8,112 shares of the construction company’s stock worth $233,000 after purchasing an additional 5,725 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Tutor Perini during the third quarter worth about $282,000. Institutional investors and hedge funds own 81.78% of the company’s stock.

A number of brokerages have recently issued reports on TPC. Zacks Investment Research cut shares of Tutor Perini from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. KeyCorp reiterated a “hold” rating on shares of Tutor Perini in a report on Friday, August 25th. ValuEngine cut shares of Tutor Perini from a “buy” rating to a “hold” rating in a report on Friday, November 10th. 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. Finally, B. Riley reduced their price objective on shares of Tutor Perini from $37.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus 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.

Insider Buying and Selling by Quarter for Tutor Perini (NYSE:TPC)

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