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

Tutor Perini Corporation (NYSE:TPC) major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $25.17, for a total transaction of $629,250.00. Following the sale, the insider now directly owns 5,823,120 shares in the company, valued at approximately $146,567,930.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large 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.

Tutor Perini Corporation (NYSE TPC) opened at $25.55 on Wednesday. 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 twelve month low of $22.60 and a twelve month high of $33.00. The firm has a market cap of $1,280.00, a P/E ratio of 13.01, a PEG ratio of 1.37 and a beta of 2.36.

Tutor Perini (NYSE:TPC) last released its quarterly earnings data on Thursday, November 9th. The construction company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.22). Tutor Perini had a net margin of 2.03% and a return on equity of 6.16%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the firm earned $0.57 earnings per share. The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. analysts anticipate 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 the company. Falcon Point Capital LLC raised its holdings in shares of Tutor Perini by 0.7% during the second quarter. Falcon Point Capital LLC now owns 62,159 shares of the construction company’s stock valued at $1,787,000 after purchasing an additional 447 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Tutor Perini by 1.6% during the second quarter. The Manufacturers Life Insurance Company now owns 29,820 shares of the construction company’s stock valued at $858,000 after purchasing an additional 481 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Tutor Perini by 2.0% during the second quarter. Oppenheimer & Co. Inc. now owns 26,000 shares of the construction company’s stock valued at $748,000 after purchasing an additional 500 shares during the last quarter. Teachers Advisors LLC increased its holdings in Tutor Perini by 0.8% during the second quarter. Teachers Advisors LLC now owns 67,275 shares of the construction company’s stock valued at $1,934,000 after buying an additional 511 shares during the last quarter. Finally, Aperio Group LLC increased its holdings in Tutor Perini by 7.1% during the second quarter. Aperio Group LLC now owns 10,722 shares of the construction company’s stock valued at $308,000 after buying an additional 715 shares during the last quarter. 81.78% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Tutor Perini from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. dropped their target price on shares of Tutor Perini from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. B. Riley dropped their target price on shares of Tutor Perini from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, November 14th. Canaccord Genuity dropped their target price on shares of Tutor Perini from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, November 10th. Finally, Zacks Investment Research upgraded shares of Tutor Perini from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. Tutor Perini has a consensus rating of “Buy” and a consensus 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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