Tutor Perini Co. (NYSE:TPC – Get Free Report) CEO Ronald N. Tutor sold 25,000 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $19.40, for a total transaction of $485,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,387,267 shares of the company’s stock, valued at approximately $46,312,979.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Tutor Perini Price Performance
TPC stock opened at $21.73 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.70 and a current ratio of 1.70. Tutor Perini Co. has a 52-week low of $6.31 and a 52-week high of $23.19. The company has a market capitalization of $1.14 billion, a P/E ratio of -10.25 and a beta of 1.50. The company has a fifty day moving average price of $18.25 and a 200-day moving average price of $13.04.
Tutor Perini (NYSE:TPC – Get Free Report) last announced its earnings results on Thursday, April 25th. The construction company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.48. Tutor Perini had a negative return on equity of 8.03% and a negative net margin of 2.56%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $919.60 million. As a group, equities analysts expect that Tutor Perini Co. will post 1.1 EPS for the current year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on TPC
Hedge Funds Weigh In On Tutor Perini
A number of hedge funds and other institutional investors have recently made changes to their positions in TPC. Donald Smith & CO. Inc. boosted its position in Tutor Perini by 3.9% during the first quarter. Donald Smith & CO. Inc. now owns 4,052,678 shares of the construction company’s stock valued at $58,602,000 after acquiring an additional 152,779 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Tutor Perini by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 2,333,269 shares of the construction company’s stock valued at $33,739,000 after purchasing an additional 25,246 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Tutor Perini by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,085,769 shares of the construction company’s stock worth $18,981,000 after purchasing an additional 55,823 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Tutor Perini by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,992,319 shares of the construction company’s stock worth $18,130,000 after purchasing an additional 53,927 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Tutor Perini in the fourth quarter valued at approximately $6,467,000. 65.01% of the stock is owned by institutional investors and hedge funds.
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.
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