tutor perini corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide. the company operates through three segments: civil, building, and specialty contractors. the civil segment engages in the public works construction, replacement, and reconstruction of infrastructure, including highways, bridges, tunnels, mass-transit systems, and water management and wastewater treatment facilities. this segment also provides drilling, foundation, and excavation support for shoring, bridges, piers, roads, and highway projects. the building segment offers services in various specialized building markets, including hospitality and gaming, transportation, healthcare, commercial offices, government facilities, sports and entertainment, education, correctional facilities, biotech, pharmaceutical, and industrial and high-tech. the specialty contractors segment provides electrical, me
Company profile
Ticker
TPC
Exchange
Website
CEO
Ronald Tutor
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
PERINI CORP
SEC CIK
Corporate docs
Subsidiaries
Becho, Inc. • Black Construction Corporation • Cherry Hill Construction, Inc. • Frontier-Kemper Constructors, Inc. • Lunda Construction Company • Tutor-Saliba Corporation • James A. Cummings, Inc. • Keating Building Company • Perini Management Services, Inc. • Roy Anderson Corp ...
IRS number
41717070
TPC stock data
Latest filings (excl ownership)
8-K
Tutor Perini Announces Proposed Offering of $400 Million of Senior Notes
15 Apr 24
ARS
2023 FY
Annual report to shareholders
12 Apr 24
DEFA14A
Additional proxy soliciting materials
12 Apr 24
DEF 14A
Definitive proxy
12 Apr 24
PRE 14A
Preliminary proxy
2 Apr 24
8-K
Departure of Directors or Certain Officers
19 Mar 24
10-K
2023 FY
Annual report
28 Feb 24
8-K
Tutor Perini Reports Fourth Quarter and Full Year 2023 Results
28 Feb 24
8-K
Tutor Perini Announces Amendment of 2020 Credit Agreement
20 Dec 23
8-K
Tutor Perini Announces Executive Leadership Changes
16 Nov 23
Transcripts
TPC
Earnings call transcript
2023 Q4
28 Feb 24
TPC
Earnings call transcript
2023 Q3
9 Nov 23
TPC
Earnings call transcript
2023 Q2
3 Aug 23
TPC
Earnings call transcript
2023 Q1
4 May 23
TPC
Earnings call transcript
2022 Q4
15 Mar 23
TPC
Earnings call transcript
2022 Q3
3 Nov 22
TPC
Earnings call transcript
2022 Q2
5 Aug 22
TPC
Earnings call transcript
2022 Q1
5 May 22
TPC
Earnings call transcript
2021 Q4
25 Feb 22
TPC
Earnings call transcript
2021 Q3
4 Nov 21
Latest ownership filings
4
Ghassan Ariqat
3 Apr 24
4
HENRY DIEU
28 Mar 24
3
HENRY DIEU
20 Mar 24
4
GARY G. SMALLEY
20 Mar 24
144
Notice of proposed sale of securities
20 Mar 24
144
Notice of proposed sale of securities
19 Mar 24
144
Notice of proposed sale of securities
18 Mar 24
4
GARY G. SMALLEY
15 Mar 24
4
RYAN JOSEPH SOROKA
15 Mar 24
4
RONALD N TUTOR
15 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 331.92 mm | 331.92 mm | 331.92 mm | 331.92 mm | 331.92 mm | 331.92 mm |
Cash burn (monthly) | (no burn) | 1.09 mm | 9.97 mm | 21.60 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | 7.29 mm | 66.57 mm | 144.23 mm | n/a | n/a |
Cash remaining | n/a | 324.64 mm | 265.36 mm | 187.69 mm | n/a | n/a |
Runway (months of cash) | n/a | 297.5 | 26.6 | 8.7 | n/a | n/a |
Institutional ownership, Q3 2023
72.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 134 |
Opened positions | 12 |
Closed positions | 14 |
Increased positions | 41 |
Reduced positions | 51 |
13F shares | Current |
---|---|
Total value | 248.59 bn |
Total shares | 37.93 mm |
Total puts | 687.10 k |
Total calls | 153.60 k |
Total put/call ratio | 4.5 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 5.18 mm | $40.59 bn |
Tutor Ronald N | 4.25 mm | $62.09 mm |
Donald Smith & Co. | 3.24 mm | $25.37 bn |
Vanguard | 2.25 mm | $17.60 bn |
Dimensional Fund Advisors | 2.03 mm | $15.89 bn |
Charles Schwab Investment Management | 1.94 mm | $15.18 bn |
Mirae Asset Global Investments | 1.70 mm | $13.29 bn |
Frontier Capital Management | 1.65 mm | $20.41 mm |
Hotchkis & Wiley Capital Management | 1.42 mm | $11.15 bn |
JB Capital Partners | 894.55 k | $7.00 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 24 | Ghassan Ariqat | Common Stock | Sale back to company | Dispose D | No | No | 14.8 | 30,000 | 444.00 k | 11,855 |
1 Apr 24 | Ghassan Ariqat | Common Stock | Option exercise | Acquire M | No | No | 0 | 30,000 | 0.00 | 41,855 |
1 Apr 24 | Ghassan Ariqat | Phantom Stock Units Common Stock | Option exercise | Dispose M | No | No | 0 | 30,000 | 0.00 | 30,000 |
27 Mar 24 | Henry Dieu | Phantom Stock Units Common Stock | Grant | Acquire A | No | No | 0 | 28,675 | 0.00 | 28,675 |
20 Mar 24 | Smalley Gary G. | Common Stock | Sell | Dispose S | No | No | 13.28 | 15,940 | 211.68 k | 68,346 |
19 Mar 24 | Smalley Gary G. | Common Stock | Sell | Dispose S | No | No | 13.02 | 27,959 | 364.03 k | 84,286 |
18 Mar 24 | Smalley Gary G. | Common Stock | Sell | Dispose S | No | No | 12.86 | 27,958 | 359.54 k | 112,245 |
13 Mar 24 | Tutor Ronald N | Phantom Stock Units Common Stock | Grant | Acquire A | No | No | 0 | 458,795 | 0.00 | 458,795 |
13 Mar 24 | Ryan Joseph Soroka | Phantom Stock Units Common Stock | Grant | Acquire A | No | No | 0 | 14,337 | 0.00 | 14,337 |
News
12 Industrials Stocks Moving In Friday's After-Market Session
22 Mar 24
Alphabet, Jabil And 2 Other Stocks Insiders Are Selling
21 Mar 24
UBS Maintains Neutral on Tutor Perini, Raises Price Target to $14
12 Mar 24
B. Riley Securities Maintains Buy on Tutor Perini, Raises Price Target to $16
11 Mar 24
Top 3 Industrial Stocks That May Collapse This Quarter
1 Mar 24
Press releases
Tutor Perini Announces Conference Call to Discuss First Quarter 2024 Results
18 Apr 24
Tutor Perini Prices $400 Million of Senior Notes
17 Apr 24
Tutor Perini Announces Proposed Offering of $400 Million of Senior Notes
15 Apr 24
Lunda Construction Announces Apparent Low Bid for a $136 Million I-64 Bridge and Highway Project
19 Mar 24
Tutor Perini Announces Conference Call to Discuss Fourth Quarter and Full Year 2023 Results
21 Feb 24