Tutor Perini Co. (NYSE:TPC) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its stake in shares of Tutor Perini Co. (NYSE:TPC - Free Report) by 65.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,360 shares of the construction company's stock after selling 31,445 shares during the period. BNP Paribas Financial Markets' holdings in Tutor Perini were worth $444,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Foundry Partners LLC raised its position in shares of Tutor Perini by 18.2% during the 3rd quarter. Foundry Partners LLC now owns 216,915 shares of the construction company's stock valued at $5,891,000 after acquiring an additional 33,440 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Tutor Perini in the 2nd quarter valued at about $746,000. Empowered Funds LLC lifted its position in Tutor Perini by 13.9% during the third quarter. Empowered Funds LLC now owns 268,521 shares of the construction company's stock worth $7,293,000 after acquiring an additional 32,676 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of Tutor Perini in the second quarter valued at approximately $482,000. Finally, Caxton Associates LP raised its position in shares of Tutor Perini by 254.0% in the second quarter. Caxton Associates LP now owns 77,466 shares of the construction company's stock valued at $1,687,000 after buying an additional 55,583 shares in the last quarter. 65.01% of the stock is currently owned by institutional investors.

Tutor Perini Trading Up 0.5 %

Tutor Perini stock traded up $0.13 during trading hours on Friday, reaching $26.20. The stock had a trading volume of 279,786 shares, compared to its average volume of 356,477. The stock has a market cap of $1.37 billion, a PE ratio of -10.44 and a beta of 1.49. Tutor Perini Co. has a 52 week low of $7.83 and a 52 week high of $34.55. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.55 and a quick ratio of 1.55. The company has a fifty day simple moving average of $27.66 and a 200-day simple moving average of $24.40.

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

Insider Activity at Tutor Perini

In related news, Director Raymond R. Oneglia sold 50,000 shares of Tutor Perini stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $28.68, for a total value of $1,434,000.00. Following the sale, the director now owns 250,000 shares of the company's stock, valued at approximately $7,170,000. This trade represents a 16.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ronald N. Tutor sold 125,000 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $30.72, for a total transaction of $3,840,000.00. Following the transaction, the chief executive officer now directly owns 3,257,313 shares in the company, valued at approximately $100,064,655.36. The trade was a 3.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 325,000 shares of company stock valued at $9,686,000 over the last 90 days. 19.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TPC has been the topic of a number of research reports. B. Riley boosted their target price 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. StockNews.com lowered shares of Tutor Perini from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Vertical Research initiated coverage on shares of Tutor Perini in a research report on Tuesday, December 10th. They set a "buy" rating and a $38.00 target price for the company. Finally, UBS Group upped 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.

Tutor Perini 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.