Tutor Perini (NYSE:TPC) Reaches New 1-Year High at $17.29

Tutor Perini Co. (NYSE:TPC) hit a new 52-week high on Friday . The stock traded as high as $17.29 and last traded at $16.96, with a volume of 455364 shares. The stock had previously closed at $13.89.

Analysts Set New Price Targets

Separately, StockNews.com lowered Tutor Perini from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th.

Tutor Perini Trading Up 23.5 %

The company has a debt-to-equity ratio of 0.61, a current ratio of 1.66 and a quick ratio of 1.66. The stock’s fifty day simple moving average is $12.74 and its 200-day simple moving average is $9.84. The firm has a market cap of $896.60 million, a PE ratio of -5.21 and a beta of 1.62.

Tutor Perini (NYSE:TPC) last released its quarterly earnings data on Wednesday, February 28th. The construction company reported ($0.91) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.98). Tutor Perini had a negative net margin of 4.41% and a negative return on equity of 12.73%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $951.50 million. On average, sell-side analysts forecast that Tutor Perini Co. will post 0.92 earnings per share for the current year.

Insider Transactions at Tutor Perini

In related news, President Gary G. Smalley sold 15,940 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $13.28, for a total value of $211,683.20. Following the completion of the transaction, the president now directly owns 68,346 shares in the company, valued at approximately $907,634.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, President Gary G. Smalley sold 15,940 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $13.28, for a total value of $211,683.20. Following the completion of the transaction, the president now owns 68,346 shares of the company’s stock, valued at approximately $907,634.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Gary G. Smalley sold 27,958 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $12.86, for a total value of $359,539.88. Following the completion of the sale, the president now owns 112,245 shares of the company’s stock, valued at $1,443,470.70. The disclosure for this sale can be found here. Insiders have sold 64,201 shares of company stock valued at $822,980 in the last 90 days. 19.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tutor Perini

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TPC. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Tutor Perini in the fourth quarter worth approximately $6,467,000. Jacobs Levy Equity Management Inc. grew its stake in Tutor Perini by 25.7% during 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 stake in Tutor Perini by 79.5% in the 3rd quarter. Barclays PLC now owns 34,456 shares of the construction company’s stock worth $269,000 after purchasing an additional 15,262 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 worth $13,291,000 after purchasing an additional 146,033 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Tutor Perini in the third quarter valued at approximately $697,000. 65.01% of the stock is owned by hedge funds and other institutional investors.

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.