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

Tutor Perini Co. (NYSE:TPC) Director Raymond R. Oneglia sold 100,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 400,000 shares in the company, valued at $11,492,000. The trade was a 20.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Tutor Perini Price Performance

Shares of TPC opened at $28.52 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The company’s fifty day simple moving average is $27.31 and its 200 day simple moving average is $23.66. Tutor Perini Co. has a 1-year low of $7.83 and a 1-year high of $34.55. The company has a market cap of $1.50 billion, a price-to-earnings ratio of -11.36 and a beta of 1.50.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Tutor Perini

Institutional investors have recently bought and sold shares of the business. Sculati Wealth Management LLC boosted its stake in shares of Tutor Perini by 18.5% during the 3rd quarter. Sculati Wealth Management LLC now owns 208,712 shares of the construction company’s stock worth $5,669,000 after acquiring an additional 32,589 shares during the period. Geode Capital Management LLC lifted its holdings in Tutor Perini by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,023,198 shares of the construction company’s stock valued at $27,795,000 after purchasing an additional 38,458 shares during the last quarter. Barclays PLC boosted its position in Tutor Perini by 298.0% during the third quarter. Barclays PLC now owns 69,875 shares of the construction company’s stock worth $1,898,000 after purchasing an additional 52,319 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Tutor Perini by 71.6% in the third quarter. Public Employees Retirement System of Ohio now owns 76,149 shares of the construction company’s stock valued at $2,068,000 after purchasing an additional 31,772 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Tutor Perini in the third quarter valued at about $201,000. 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.