Tutor Perini Co. (NYSE:TPC) Director Raymond R. Oneglia Sells 100,000 Shares

Tutor Perini Co. (NYSE:TPC) Director Raymond R. Oneglia sold 100,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $28.73, for a total value of $2,873,000.00. Following the completion of the transaction, the director now directly owns 400,000 shares in the company, valued at approximately $11,492,000. This represents a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Tutor Perini Stock Down 0.6 %

TPC stock opened at $28.52 on Friday. Tutor Perini Co. has a 52 week low of $7.83 and a 52 week high of $34.55. The business has a 50-day simple moving average of $27.31 and a 200 day simple moving average of $23.66. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.53. The company has a market cap of $1.50 billion, a PE ratio of -11.36 and a beta of 1.50.

Tutor Perini (NYSE:TPC) last issued its earnings results on Wednesday, November 6th. The construction company reported ($1.92) EPS for the quarter, missing the consensus estimate of ($1.89) by ($0.03). The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.17 billion. Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. Tutor Perini’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.71) earnings per share. Sell-side analysts anticipate that Tutor Perini Co. will post -1.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. B. Riley upped their price target on shares of Tutor Perini from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. StockNews.com cut shares of Tutor Perini from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, UBS Group boosted their price target on Tutor Perini from $27.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd.

Hedge Funds Weigh In On Tutor Perini

Several hedge funds and other institutional investors have recently modified their holdings of TPC. Vanguard Group Inc. boosted its stake in Tutor Perini by 1.1% in 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 in the last quarter. EntryPoint Capital LLC bought a new stake in shares of Tutor Perini during the 1st quarter valued at approximately $77,000. Quadrature Capital Ltd lifted its stake in Tutor Perini by 55.1% in the 1st quarter. Quadrature Capital Ltd now owns 41,457 shares of the construction company’s stock valued at $601,000 after purchasing an additional 14,720 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in Tutor Perini in the first quarter valued at approximately $177,000. Finally, CWM LLC grew its stake in shares of Tutor Perini by 142.8% during the second quarter. CWM LLC now owns 1,714 shares of the construction company’s stock worth $37,000 after buying an additional 1,008 shares during the last quarter. Institutional investors 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.