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TPC Tutor Perini

utor Perini Corporation is a leading civil, building and specialty construction company offering diversified general contracting and design-build services to private clients and public agencies throughout the world. Tutor Perinihas provided construction services since 1894 and have established a strong reputation within its markets by executing large, complex projects on time and within budget while adhering to strict quality control measures.

Company profile

Ticker
TPC
Exchange
CEO
Ronald Tutor
Employees
Incorporated
Location
Fiscal year end
Former names
PERINI CORP
SEC CIK
IRS number
41717070

TPC stock data

(
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Calendar

5 May 21
29 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 400.81M 400.81M 400.81M 400.81M 400.81M 400.81M
Cash burn (monthly) 17.02M (positive/no burn) (positive/no burn) (positive/no burn) 15.57M (positive/no burn)
Cash used (since last report) 67.39M n/a n/a n/a 61.66M n/a
Cash remaining 333.41M n/a n/a n/a 339.15M n/a
Runway (months of cash) 19.6 n/a n/a n/a 21.8 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
11 Jun 21 Tutor Ronald N Common Stock Sell Dispose S Yes No 14.71 66,740 981.75K 4,252,406
10 Jun 21 Tutor Ronald N Common Stock Sell Dispose S Yes No 15.19 120,000 1.82M 4,319,146
9 Jun 21 Tutor Ronald N Common Stock Sell Dispose S Yes No 15.46 145,000 2.24M 4,439,146
8 Jun 21 Tutor Ronald N Common Stock Sell Dispose S Yes No 15.59 77,349 1.21M 4,584,146
7 Jun 21 Tutor Ronald N Common Stock Sell Dispose S Yes No 15.51 71,346 1.11M 4,661,495
4 Jun 21 Tutor Ronald N Common Stock Sell Dispose S Yes No 15.499 50,000 774.95K 4,732,841
28 May 21 Michael Francis Smithson RSU Common Stock Grant Aquire A No No 0 100,000 0 100,000
27 May 21 James A Frost Common Stock Gift Aquire G Yes No 0 7,582 0 315,313
27 May 21 James A Frost Common Stock Gift Dispose G No No 0 7,582 0 299,861
27 May 21 James A Frost Common Stock Payment of exercise Dispose F No No 15.61 4,918 76.77K 307,443

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

76.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 159 161 -1.2%
Opened positions 19 21 -9.5%
Closed positions 21 20 +5.0%
Increased positions 41 50 -18.0%
Reduced positions 67 54 +24.1%
13F shares
Current Prev Q Change
Total value 1.4B 546.93M +156.0%
Total shares 38.7M 40.84M -5.2%
Total puts 245.8K 130.2K +88.8%
Total calls 192.7K 161.4K +19.4%
Total put/call ratio 1.3 0.8 +58.1%
Largest owners
Shares Value Change
Vanguard 3.78M $71.7M +2.3%
BLK Blackrock 3.62M $68.54M +21.2%
Frontier Capital Management 3.44M $44.49M 0.0%
Dimensional Fund Advisors 2.92M $55.31M -0.5%
Frontier Capital Management 2.33M $44.23M -32.0%
Donald Smith & Co. 2.3M $43.57M -0.4%
Russell Investments 1.55M $29.46M -5.7%
Peregrine Capital Management 1.37M $25.92M -3.5%
JPM JPMorgan Chase & Co. 1.22M $23.21M -8.2%
Victory Capital Management 971.41K $18.41M -3.7%
Largest transactions
Shares Bought/sold Change
Frontier Capital Management 2.33M -1.1M -32.0%
Cooper Creek Partners Management 0 -639.01K EXIT
BLK Blackrock 3.62M +633.41K +21.2%
Norges Bank 0 -467.58K EXIT
Mirae Asset Global Investments 377.24K +199.75K +112.5%
Arrowstreet Capital, Limited Partnership 38K -181.67K -82.7%
IVZ Invesco 233.85K +161.13K +221.6%
Massachusetts Financial Services 0 -152.45K EXIT
Thrivent Financial For Lutherans 143.12K +143.12K NEW
First Wilshire Securities Management 327.07K -138.32K -29.7%

Financial report summary

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Competition
Granite ConstructionAECOMFluor
Risks
  • The novel coronavirus (“COVID-19”) pandemic has adversely impacted, and could continue to adversely impact, our business, financial condition and results of operations.
  • We are involved in a significant number of legal proceedings which, if determined unfavorable to us, could adversely affect our financial results and/or cash flows, harm our reputation and/or preclude us from bidding on future projects. We also may invest significant working capital on projects while legal proceedings are being settled.
  • If we are unable to accurately estimate contract risks, revenue or costs, the timing of new awards, or the pace of project execution, we may incur a loss or achieve lower than anticipated profit.
  • Our contracts require us to perform extra, or change order, work which can result in disputes or claims and adversely affect our working capital, profits and cash flows.
  • Our actual results could differ from the assumptions and estimates used to prepare our financial statements.
  • A significant slowdown or decline in economic conditions could adversely affect our operations.
  • The level of federal, state and local government spending for infrastructure and other public projects could adversely affect the number of projects available to us in the future.
  • We require substantial personnel, including construction and project managers and specialty subcontractor resources, to execute and perform on our contracts in backlog. The successful execution of our business strategies is also dependent upon our ability to attract and retain our key officers, as well as adequately plan for their succession.
  • The construction services industry is highly schedule driven, and our failure to meet the schedule requirements of our contracts could adversely affect our reputation and/or expose us to financial liability.
  • We may not fully realize the revenue value reported in our backlog due to cancellations or reductions in scope.
  • Systems and information technology interruption and breaches in data security could adversely impact our ability to operate and negatively impact our operating results.
  • Competition for new project awards is intense, and our failure to compete effectively could reduce our market share and profits.
  • Our participation in construction joint ventures exposes us to liability and/or harm to our reputation for failures by our partners.
  • Our international operations expose us to economic, political, regulatory and other risks, as well as uncertainty related to U.S. Government funding, which could adversely affect our revenue and earnings.
  • Weather can significantly affect our revenue and profitability.
  • We are subject to risks related to government contracts and related procurement regulations.
  • We could be adversely affected by violations of the U.S. Foreign Corrupt Practices Act and similar worldwide anti-bribery laws.
  • In connection with mergers and acquisitions, we have recorded goodwill and other intangible assets that could become impaired and adversely affect our operating results. Assessing whether impairment has occurred requires us to make significant judgments and assumptions about the future, which are inherently subject to risks and uncertainties, and if actual events turn out to be materially less favorable than the judgments we make and the assumptions we use, we may be required to record impairment charges in the future.
  • Adverse health events, such as an epidemic or a pandemic, could adversely impact our business.
  • We have a substantial amount of indebtedness which could adversely affect our financial position and prevent us from fulfilling our obligations under our debt agreements.
  • Downgrades in our credit ratings could have a material adverse effect on our business and financial condition.
  • The phase-out of the London Interbank Offered Rate (“LIBOR”), or the replacement of LIBOR with a different reference rate, may adversely affect interest rates paid on some of our loans and, consequently, our earnings and cash flows.
  • Our chairman and chief executive officer could exert influence over the Company due to his position and significant ownership interest.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
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