Raymond R. Oneglia Sells 50,000 Shares of Tutor Perini Co. (NYSE:TPC) Stock

Tutor Perini Co. (NYSE:TPC) Director Raymond R. Oneglia sold 50,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $28.68, for a total value of $1,434,000.00. Following the transaction, the director now owns 250,000 shares in the company, valued at approximately $7,170,000. This trade represents a 16.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Tutor Perini Stock Down 0.6 %

Shares of NYSE:TPC 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 company has a market capitalization of $1.50 billion, a PE ratio of -11.36 and a beta of 1.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.55. The company has a fifty day moving average of $27.31 and a 200-day moving average of $23.66.

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

Analyst Ratings Changes

Several analysts have recently issued reports on TPC shares. UBS Group increased their target price on Tutor Perini from $27.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. StockNews.com lowered Tutor Perini from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, B. Riley upped their price objective on Tutor Perini from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th.

Institutional Investors Weigh In On Tutor Perini

Institutional investors and hedge funds have recently made changes to their positions in the stock. Foundry Partners LLC boosted its holdings in Tutor Perini by 18.2% in the third quarter. Foundry Partners LLC now owns 216,915 shares of the construction company’s stock valued at $5,891,000 after acquiring an additional 33,440 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Tutor Perini in the 2nd quarter valued at $746,000. Empowered Funds LLC increased its position in shares of Tutor Perini by 13.9% during the third quarter. Empowered Funds LLC now owns 268,521 shares of the construction company’s stock worth $7,293,000 after buying an additional 32,676 shares during the period. Dark Forest Capital Management LP bought a new position in Tutor Perini during the second quarter worth $482,000. Finally, Caxton Associates LP lifted its holdings in Tutor Perini by 254.0% in the second quarter. Caxton Associates LP now owns 77,466 shares of the construction company’s stock valued at $1,687,000 after buying an additional 55,583 shares during the period. Institutional investors and hedge funds 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.