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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

(
)

Calendar

23 Feb 21
12 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 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.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
18 Mar 21 Tutor Ronald N Common Stock Sell Dispose S Yes No 18.15 50,000 907.5K 4,782,841
10 Mar 21 James A Frost RSU Common Stock Grant Aquire A No No 0 50,000 0 50,000
10 Mar 21 James A Frost Employee Stock Option Common Stock Grant Aquire A No No 19.24 50,000 962K 50,000
1 Mar 21 Tutor Ronald N Common Stock Sell Dispose S Yes No 15.8 37,600 594.08K 1,563,305
1 Mar 21 Tutor Ronald N Common Stock Sell Dispose S Yes No 14.64 47,400 693.94K 1,600,905
18 Jan 21 Tutor Ronald N Common Stock Sale back to company Dispose D No No 16.21 9,454 153.25K 0
18 Jan 21 Tutor Ronald N Common Stock Payment of exercise Dispose F No No 16.21 9,296 150.69K 9,454
18 Jan 21 Tutor Ronald N Common Stock Option exercise Aquire M No No 0 18,750 0 18,750
18 Jan 21 Tutor Ronald N Employee Stock Option Common Stock Gift Aquire G Yes No 25.7 18,750 481.88K 274,432
18 Jan 21 Tutor Ronald N Employee Stock Option Common Stock Gift Dispose G No No 25.7 18,750 481.88K 0

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

80.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 161 160 +0.6%
Opened positions 21 21
Closed positions 20 24 -16.7%
Increased positions 50 45 +11.1%
Reduced positions 54 61 -11.5%
13F shares
Current Prev Q Change
Total value 546.93M 1.13B -51.5%
Total shares 40.84M 36.79M +11.0%
Total puts 130.2K 436.4K -70.2%
Total calls 161.4K 298.3K -45.9%
Total put/call ratio 0.8 1.5 -44.9%
Largest owners
Shares Value Change
Vanguard 3.7M $47.91M +3.5%
Frontier Capital Management 3.44M $44.49M -16.6%
Frontier Capital Management 3.44M $44.49M NEW
BLK Blackrock 2.98M $38.64M +7.0%
Dimensional Fund Advisors 2.93M $38M -0.4%
Donald Smith & Co. 2.31M $29.9M -14.3%
Russell Investments 1.65M $21.35M +48.8%
Peregrine Capital Management 1.42M $18.35M +71.7%
JPM JPMorgan Chase & Co. 1.33M $17.28M -27.0%
Victory Capital Management 1.01M $13.06M -37.3%
Largest transactions
Shares Bought/sold Change
Frontier Capital Management 3.44M +3.44M NEW
Frontier Capital Management 3.44M -683.97K -16.6%
Cooper Creek Partners Management 639.01K +639.01K NEW
Victory Capital Management 1.01M -599.04K -37.3%
Peregrine Capital Management 1.42M +591.61K +71.7%
Russell Investments 1.65M +540.43K +48.8%
JPM JPMorgan Chase & Co. 1.33M -492.29K -27.0%
Foundry Partners 471.13K +471.13K NEW
Norges Bank 467.58K +467.58K NEW
Donald Smith & Co. 2.31M -386.62K -14.3%

Financial report summary

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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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