Tutor Perini (NYSE:TPC – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.85-1.10 for the period, compared to the consensus estimate of $1.10. Tutor Perini also updated its FY 2024 guidance to 0.850-1.100 EPS.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. StockNews.com upgraded shares of Tutor Perini from a hold rating to a buy rating in a research report on Friday, April 26th. UBS Group raised shares of Tutor Perini from a neutral rating to a buy rating and raised their price objective for the company from $14.00 to $27.00 in a research note on Friday, June 14th.
View Our Latest Stock Report on TPC
Tutor Perini Stock Performance
Insider Activity at Tutor Perini
In other news, EVP Ghassan Ariqat sold 11,855 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $19.62, for a total transaction of $232,595.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Tutor Perini news, EVP Ghassan Ariqat sold 11,855 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $19.62, for a total value of $232,595.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ronald N. Tutor sold 25,718 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $20.66, for a total transaction of $531,333.88. Following the completion of the sale, the chief executive officer now directly owns 3,411,222 shares of the company’s stock, valued at approximately $70,475,846.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 243,728 shares of company stock valued at $4,870,217. Insiders own 19.50% 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.
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