Tutor Perini Co. (NYSE:TPC – Get Free Report) CEO Ronald N. Tutor sold 125,000 shares of Tutor Perini stock in a transaction on Monday, November 11th. The stock was sold at an average price of $30.72, for a total value of $3,840,000.00. Following the transaction, the chief executive officer now directly owns 3,257,313 shares of the company’s stock, valued at $100,064,655.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Tutor Perini Price Performance
NYSE:TPC opened at $29.18 on Wednesday. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of -11.63 and a beta of 1.50. Tutor Perini Co. has a 12-month low of $7.22 and a 12-month high of $34.55. The company has a current ratio of 1.55, a quick ratio of 1.65 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average is $26.36 and its two-hundred day moving average is $23.08.
Tutor Perini (NYSE:TPC – Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The construction company reported ($1.92) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.89) by ($0.03). The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.71) EPS. Research analysts expect that Tutor Perini Co. will post -1.47 EPS for the current year.
Institutional Investors Weigh In On Tutor Perini
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on TPC. StockNews.com raised shares of Tutor Perini from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. UBS Group upped their target price on Tutor Perini from $27.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, B. Riley raised their price target on Tutor Perini from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th.
Get Our Latest Report on Tutor Perini
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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