Tutor Perini Corp (TPC) CEO Ronald N. Tutor Sells 27,375 Shares of Stock
Tutor Perini Corp (NYSE:TPC) CEO Ronald N. Tutor sold 27,375 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $20.24, for a total transaction of $554,070.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
NYSE TPC traded down $0.25 during trading hours on Friday, hitting $20.10. 199,766 shares of the company’s stock traded hands, compared to its average volume of 322,112. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 0.94 and a beta of 2.01. Tutor Perini Corp has a 52 week low of $17.55 and a 52 week high of $29.90.
Tutor Perini (NYSE:TPC) last announced its earnings results on Tuesday, August 7th. The construction company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.18. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.17 billion. Tutor Perini had a net margin of 2.58% and a return on equity of 4.55%. sell-side analysts predict that Tutor Perini Corp will post 2.17 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in Tutor Perini by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 4,197,711 shares of the construction company’s stock valued at $92,560,000 after buying an additional 11,080 shares during the period. Ironwood Investment Management LLC grew its position in Tutor Perini by 14.8% during the first quarter. Ironwood Investment Management LLC now owns 32,279 shares of the construction company’s stock valued at $712,000 after buying an additional 4,170 shares during the period. Bayesian Capital Management LP bought a new stake in Tutor Perini during the first quarter valued at approximately $377,000. OMERS ADMINISTRATION Corp bought a new position in shares of Tutor Perini in the first quarter worth approximately $606,000. Finally, Zweig DiMenna Associates LLC bought a new position in shares of Tutor Perini in the first quarter worth approximately $4,620,000. Institutional investors own 90.04% of the company’s stock.
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 worldwide. The company operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction, replacement, and reconstruction of infrastructure, including highways, bridges, tunnels, mass-transit systems, and water management and wastewater treatment facilities.
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