Tutor Perini Co. (NYSE:TPC) Director Sells $903,500.00 in Stock

Tutor Perini Co. (NYSE:TPC) Director Raymond R. Oneglia sold 25,000 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $36.14, for a total transaction of $903,500.00. Following the sale, the director now directly owns 90,470 shares in the company, valued at approximately $3,269,585.80. This represents a 21.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tutor Perini Stock Up 1.1%

TPC stock opened at $36.75 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market capitalization of $1.94 billion, a P/E ratio of -14.64 and a beta of 1.62. Tutor Perini Co. has a fifty-two week low of $14.50 and a fifty-two week high of $37.08. The business has a 50-day moving average of $24.25 and a 200-day moving average of $25.09.

Tutor Perini (NYSE:TPC) last released its quarterly earnings results on Wednesday, May 7th. The construction company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.47. Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the firm posted $0.30 EPS. The business’s revenue was up 18.8% on a year-over-year basis.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. B. Riley upgraded shares of Tutor Perini to a “strong-buy” rating in a research report on Tuesday, March 18th. StockNews.com raised Tutor Perini from a “hold” rating to a “buy” rating in a research note on Thursday, May 8th. Finally, UBS Group raised their price objective on Tutor Perini from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday, May 9th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in Tutor Perini by 32.5% during the 1st quarter. GAMMA Investing LLC now owns 2,080 shares of the construction company’s stock worth $48,000 after buying an additional 510 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Tutor Perini in the first quarter valued at about $54,000. Comerica Bank raised its holdings in Tutor Perini by 30.7% during the first quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock worth $56,000 after acquiring an additional 569 shares in the last quarter. AlphaQuest LLC boosted its position in Tutor Perini by 849.2% during the first quarter. AlphaQuest LLC now owns 3,436 shares of the construction company’s stock valued at $80,000 after purchasing an additional 3,074 shares during the last quarter. Finally, CWM LLC grew its stake in Tutor Perini by 32.8% in the first quarter. CWM LLC now owns 3,442 shares of the construction company’s stock valued at $80,000 after purchasing an additional 850 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

Tutor Perini Company Profile

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.