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

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

Analysts Set New Price Targets

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

Tutor Perini Stock Up 28.0 %

The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $929.54 million, a price-to-earnings ratio of -8.72 and a beta of 1.62. The business’s 50-day moving average is $12.91 and its two-hundred day moving average is $9.93.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings data on Wednesday, February 28th. The construction company reported ($0.91) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.98). Tutor Perini had a negative return on equity of 7.99% and a negative net margin of 2.56%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $951.50 million. Equities analysts anticipate that Tutor Perini Co. will post 0.92 EPS for the current year.

Insider Buying and Selling

In related news, President Gary G. Smalley sold 20,303 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $12.40, for a total transaction of $251,757.20. Following the sale, the president now directly owns 160,507 shares of the company’s stock, valued at approximately $1,990,286.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Tutor Perini news, President Gary G. Smalley sold 20,303 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $12.40, for a total value of $251,757.20. Following the sale, the president now directly owns 160,507 shares of the company’s stock, valued at approximately $1,990,286.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Gary G. Smalley sold 15,940 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $13.28, for a total transaction of $211,683.20. Following the completion of the sale, the president now directly owns 68,346 shares in the company, valued at $907,634.88. The disclosure for this sale can be found here. Insiders have sold a total of 64,201 shares of company stock valued at $822,980 in the last ninety days. Company insiders own 19.50% of the company’s stock.

Institutional Trading of Tutor Perini

A number of large investors have recently bought and sold shares of TPC. SG Americas Securities LLC boosted its stake in Tutor Perini by 107.6% during the 3rd quarter. SG Americas Securities LLC now owns 23,309 shares of the construction company’s stock worth $183,000 after purchasing an additional 12,079 shares during the period. Raymond James & Associates lifted its stake in shares of Tutor Perini by 32.6% in the 3rd quarter. Raymond James & Associates now owns 25,007 shares of the construction company’s stock worth $196,000 after acquiring an additional 6,144 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Tutor Perini by 9.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,697,413 shares of the construction company’s stock worth $13,291,000 after acquiring an additional 146,033 shares during the period. Levin Capital Strategies L.P. lifted its stake in shares of Tutor Perini by 4.3% in the 3rd quarter. Levin Capital Strategies L.P. now owns 231,824 shares of the construction company’s stock worth $1,815,000 after acquiring an additional 9,500 shares during the period. Finally, Verus Capital Partners LLC lifted its stake in shares of Tutor Perini by 33.6% in the 3rd quarter. Verus Capital Partners LLC now owns 141,200 shares of the construction company’s stock worth $1,106,000 after acquiring an additional 35,550 shares during the period. Institutional investors and hedge funds own 65.01% of the company’s stock.

About Tutor Perini

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.