Tutor Perini (NYSE:TPC) Reaches New 12-Month High at $18.25

Tutor Perini Co. (NYSE:TPC) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $18.25 and last traded at $18.25, with a volume of 664 shares trading hands. The stock had previously closed at $17.99.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Tutor Perini from a “hold” rating to a “buy” rating in a report on Friday, April 26th.

Tutor Perini Price Performance

The company has a market capitalization of $957.77 million, a P/E ratio of -8.93 and a beta of 1.53. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.70 and a quick ratio of 1.70. The company’s 50-day moving average price is $13.74 and its two-hundred day moving average price is $10.29.

Tutor Perini (NYSE:TPC) last released its quarterly earnings results on Wednesday, February 28th. The construction company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.98). Tutor Perini had a negative net margin of 2.56% and a negative return on equity of 8.03%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $951.50 million. As a group, sell-side analysts expect that Tutor Perini Co. will post 1.1 EPS for the current year.

Insider Activity at Tutor Perini

In related news, President Gary G. Smalley sold 27,958 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $12.86, for a total transaction of $359,539.88. Following the transaction, the president now directly owns 112,245 shares of the company’s stock, valued at $1,443,470.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, President Gary G. Smalley sold 20,303 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $12.40, for a total value of $251,757.20. Following the completion of the sale, the president now owns 160,507 shares of the company’s stock, valued at $1,990,286.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Gary G. Smalley sold 27,958 shares of Tutor Perini stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $12.86, for a total value of $359,539.88. Following the completion of the transaction, the president now directly owns 112,245 shares in the company, valued at $1,443,470.70. The disclosure for this sale can be found here. Insiders sold 64,201 shares of company stock worth $822,980 in the last ninety days. 19.50% of the stock is owned by company insiders.

Institutional Trading of Tutor Perini

A number of institutional investors have recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of Tutor Perini in the 4th quarter valued at about $6,467,000. Donald Smith & CO. Inc. grew its position in shares of Tutor Perini by 20.4% during the 4th quarter. Donald Smith & CO. Inc. now owns 3,899,899 shares of the construction company’s stock worth $35,489,000 after buying an additional 659,657 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of Tutor Perini by 25.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 420,821 shares of the construction company’s stock valued at $3,295,000 after acquiring an additional 86,141 shares in the last quarter. Barclays PLC lifted its position in shares of Tutor Perini by 79.5% during the 3rd quarter. Barclays PLC now owns 34,456 shares of the construction company’s stock valued at $269,000 after acquiring an additional 15,262 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Tutor Perini by 9.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,697,413 shares of the construction company’s stock valued at $13,291,000 after acquiring an additional 146,033 shares during the period. 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.