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 stock in a transaction 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 sale, the director now directly owns 400,000 shares in the company, valued at $11,492,000. This trade represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Tutor Perini Trading Down 0.6 %

Tutor Perini stock opened at $28.52 on Monday. Tutor Perini Co. has a 52-week low of $7.83 and a 52-week high of $34.55. The company has a market cap of $1.50 billion, a P/E ratio of -11.36 and a beta of 1.50. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.53. The business has a 50-day simple moving average of $27.31 and a two-hundred day simple moving average of $23.69.

Tutor Perini (NYSE:TPC) last announced its earnings results on Wednesday, November 6th. The construction company reported ($1.92) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the firm posted ($0.71) earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Analysts predict that Tutor Perini Co. will post -1.47 EPS for the current year.

Hedge Funds Weigh In On Tutor Perini

A number of institutional investors have recently bought and sold shares of the stock. CWM LLC grew its holdings in Tutor Perini by 142.8% during the second quarter. CWM LLC now owns 1,714 shares of the construction company’s stock valued at $37,000 after purchasing an additional 1,008 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Tutor Perini in the second quarter worth about $51,000. Plato Investment Management Ltd bought a new position in Tutor Perini in the 3rd quarter worth approximately $52,000. nVerses Capital LLC purchased a new position in Tutor Perini during the second quarter valued at $63,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Tutor Perini in the first quarter worth about $77,000. 65.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TPC has been the topic of a number of recent analyst reports. UBS Group raised their price target on shares of Tutor Perini from $27.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. B. Riley raised their target price on shares of Tutor Perini from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, StockNews.com lowered shares of Tutor Perini from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.

About Tutor Perini

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.