Friday, September 08, 2017 10:15 PM ET
Tutor Perini (TPC) Insiders Make Significant Share Sales
There was substantial level of selling of Tutor Perini shares today, as reported in filings with the SEC. Two insiders — Ronald N Tutor Separate Property Trust, 10% Owner, and Ronald N Tutor, 10% Owner, Director and Officer — disposed of 50,000 shares in the company having a market value of approximately $1,305,500. These are the first insider buy/sell trades in the past 90 days. Adding the most recent activity to this 90-day history indicates insider trades have averaged 25,000 shares per transaction.
Relative to its peers over the last 90 days, insider buy/sell trading at Tutor Perini is greater than the 40-company peer group average. Construction & Engineering peer group saw 12 buy/sell trades during this period for an average of 0.3 transactions per company. The number of shares per buy/sell trade for Tutor Perini insiders was also higher. Within the peer group there were 27,350 shares purchased and 116,442 shares sold with company insiders having sold 7,424 shares on average.
The data used in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Today’s Insider Activity
* Ronald N Tutor Separate Property Trust, 10% Owner, sold 25,000 shares
* Ronald N Tutor, 10% Owner, Director and Officer, sold 25,000 shares
Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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