Tutor Perini (NYSE:TPC) Sets New 12-Month High at $25.74

Tutor Perini Co. (NYSE:TPC)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $25.74 and last traded at $25.37, with a volume of 206003 shares trading hands. The stock had previously closed at $24.63.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TPC. 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 Tutor Perini from a “neutral” rating to a “buy” rating and raised their target price for the stock from $14.00 to $27.00 in a research report on Friday, June 14th.

Tutor Perini Stock Down 0.2 %

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 firm has a market capitalization of $1.31 billion, a PE ratio of -12.25 and a beta of 1.55. The business’s 50-day moving average price is $21.91 and its 200-day moving average price is $15.71.

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

Insider Transactions at Tutor Perini

In other Tutor Perini news, CEO Ronald N. Tutor sold 25,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $19.40, for a total value of $485,000.00. Following 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Tutor Perini news, Director Michael R. Klein sold 181,155 shares of the firm’s stock in a transaction dated 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 in the company, valued at $4,177,430.24. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ronald N. Tutor sold 25,000 shares of Tutor Perini stock in a transaction on 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 owns 2,387,267 shares in the company, valued at approximately $46,312,979.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 243,728 shares of company stock valued at $4,870,217. 19.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Tutor Perini

A number of institutional investors and hedge funds have recently bought and sold shares of TPC. CWM LLC grew its position in 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 in the last quarter. EntryPoint Capital LLC bought a new position in Tutor Perini during the first quarter worth about $77,000. Highlander Capital Management LLC raised its holdings in shares of Tutor Perini by 85.7% in the 4th quarter. Highlander Capital Management LLC now owns 6,500 shares of the construction company’s stock worth $59,000 after buying an additional 3,000 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Tutor Perini by 606.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,436 shares of the construction company’s stock worth $68,000 after buying an additional 6,383 shares during the period. Finally, Price T Rowe Associates Inc. MD bought a new stake in Tutor Perini in the first quarter valued at $177,000. 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.