Tutor Perini (NYSE:TPC) Stock Price Down 6%

Tutor Perini Co. (NYSE:TPC)’s share price was down 6% on Friday . The stock traded as low as $20.74 and last traded at $20.74. Approximately 109,798 shares changed hands during trading, a decline of 74% from the average daily volume of 421,444 shares. The stock had previously closed at $22.06.

Analysts Set New Price Targets

Several analysts have recently weighed in on TPC shares. StockNews.com raised shares of Tutor Perini from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. UBS Group raised shares of Tutor Perini from a “neutral” rating to a “buy” rating and lifted their price target for the company from $14.00 to $27.00 in a research note on Friday, June 14th.

Tutor Perini Stock Down 3.6 %

The company has a market cap of $1.11 billion, a P/E ratio of -10.31 and a beta of 1.51. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.60. The business’s 50 day moving average is $18.69 and its 200 day moving average is $13.26.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings data on Thursday, April 25th. The construction company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.48. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $919.60 million. Tutor Perini had a negative net margin of 2.56% and a negative return on equity of 8.03%. As a group, equities analysts anticipate that Tutor Perini Co. will post 1.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Ronald N. Tutor sold 25,718 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $20.66, for a total transaction of $531,333.88. Following the transaction, the chief executive officer now directly owns 3,411,222 shares of the company’s stock, valued at $70,475,846.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Michael R. Klein sold 181,155 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $19.99, for a total transaction of $3,621,288.45. Following the transaction, the director now directly owns 208,976 shares of the company’s stock, valued at $4,177,430.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ronald N. Tutor sold 25,718 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $20.66, for a total value of $531,333.88. Following the transaction, the chief executive officer now directly owns 3,411,222 shares in the company, valued at $70,475,846.52. The disclosure for this sale can be found here. Insiders sold 243,728 shares of company stock valued at $4,870,217 over the last 90 days. Corporate insiders own 19.50% of the company’s stock.

Institutional Investors Weigh In On Tutor Perini

A number of large investors have recently made changes to their positions in the stock. Donald Smith & CO. Inc. grew its holdings in shares of 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 buying an additional 152,779 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Tutor Perini by 1.1% during the first quarter. Vanguard Group Inc. now owns 2,333,269 shares of the construction company’s stock valued at $33,739,000 after buying an additional 25,246 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of 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 valued at $18,981,000 after buying an additional 55,823 shares during the last quarter. Charles Schwab Investment Management Inc. boosted 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 valued at $18,130,000 after purchasing an additional 53,927 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in Tutor Perini in the fourth quarter valued at $6,467,000. 65.01% of the stock is owned by hedge funds and other institutional investors.

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.