Tutor Perini Corporation (TPC) Major Shareholder N. Tutor Separate Prope Ronald Sells 25,000 Shares
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.
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.
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