Tutor Perini (TPC)

Company Profile

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

NYSE

Website

www.tutorperini.com

CEO

Ronald Tutor

Incorporated

Massachusetts

Location

California

Fiscal year end

Dec 31

Sector

Construction > Commercial and Institutional Building Construction

Industry (SIC)

General Bldg Contractors - Nonresidential Bldgs

Kingfish Holding • Costas • Social Detention • Prime Skyline • Chi Ko ...

Former names

PERINI CORP

SEC CIK

0000077543

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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

1M 1Y 5Y

Latest filings (excl ownership)

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15 Mar 23

Tutor Perini Reports Fourth Quarter and Full Year 2022 Results

15 Mar 23

8-K

Amendments to Articles of Incorporation or Bylaws

2 Nov 22

Tutor Perini Reports Third Quarter 2022 Results

2 Nov 22

8-K

Departure of Directors or Certain Officers

5 Aug 22

Tutor Perini Reports Second Quarter 2022 Results

5 Aug 22

8-K

Submission of Matters to a Vote of Security Holders

20 May 22

Transcripts

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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

TPC

Earnings call transcript

2021 Q2

6 Aug 21

TPC

Earnings call transcript

2021 Q1

9 May 21

TPC

Earnings call transcript

2020 Q4

25 Feb 21

TPC

Earnings call transcript

2020 Q3

4 Nov 20

Latest ownership filings

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DIMENSIONAL FUND ADVISORS LP

10 Feb 23

SC 13G

DONALD SMITH & CO., INC.

Financial summary

Financial statements Chart TPC financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
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)	273.83 mm	273.83 mm	273.83 mm	273.83 mm	273.83 mm	273.83 mm
Cash burn (monthly)	23.73 mm	(no burn)	38.57 mm	22.31 mm	14.77 mm	(no burn)
Cash used (since last report)	71.63 mm	n/a	116.44 mm	67.33 mm	44.58 mm	n/a
Cash remaining	202.20 mm	n/a	157.39 mm	206.50 mm	229.25 mm	n/a
Runway (months of cash)	8.5	n/a	4.1	9.3	15.5	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

TPC institutional ownership history Ownership history

77.4% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	158	154	+2.6%
Opened positions	21	24	-12.5%
Closed positions	17	19	-10.5%
Increased positions	57	60	-5.0%
Reduced positions	54	44	+22.7%

13F shares	Current	Prev Q	Change
Total value	222.93 bn	270.70 mm	+82255.1%
Total shares	39.89 mm	38.73 mm	+3.0%
Total puts	56.10 k	41.40 k	+35.5%
Total calls	9.80 k	183.30 k	-94.7%
Total put/call ratio	5.7	0.2	+2434.5%

Largest owners	Shares	Value	Change
BLK Blackrock	5.41 mm	$40.82 bn	+3.5%
Tutor Ronald N	4.25 mm	$62.09 mm	0.0%
Donald Smith & Co.	3.20 mm	$24.15 bn	+0.1%
Dimensional Fund Advisors	2.59 mm	$19.59 mm	-4.2%
Vanguard	2.22 mm	$16.73 bn	-27.5%
Frontier Capital Management	1.65 mm	$20.41 mm	0.0%
Charles Schwab Investment Management	1.64 mm	$12.35 bn	+9.3%
STT State Street	1.10 mm	$8.30 bn	NEW
Aqr Capital Management	1.08 mm	$8.12 bn	+36.1%
Mirae Asset Global Investments	950.27 k	$7.17 bn	-3.1%

Largest transactions	Shares	Bought/sold	Change
STT State Street	1.10 mm	+1.10 mm	NEW
Vanguard	2.22 mm	-842.07 k	-27.5%
Levin Capital Strategies	184.46 k	-810.97 k	-81.5%
PFG Principal Financial Group Inc - Registered Shares	0.00	-520.46 k	EXIT
Citadel Advisors	670.72 k	+465.53 k	+226.9%
Aqr Capital Management	1.08 mm	+284.95 k	+36.1%
HighTower Advisors	0.00	-282.32 k	EXIT
Numerai	275.45 k	+275.45 k	NEW
First Trust Advisors	103.83 k	-241.75 k	-70.0%
MS Morgan Stanley	605.28 k	+227.82 k	+60.4%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

TPC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
9 Mar 23	Tutor Ronald N	Common Stock	Gift	Acquire G	Yes	No	0	105,256	0.00	3,540,556
9 Mar 23	Tutor Ronald N	Common Stock	Gift	Dispose G	No	No	0	105,256	0.00	0
9 Mar 23	Tutor Ronald N	Common Stock	Option exercise	Acquire M	No	No	0	105,256	0.00	105,256
9 Mar 23	Tutor Ronald N	RSU Common Stock	Option exercise	Dispose M	No	No	0	105,256	0.00	210,513
9 Mar 23	Ryan Joseph Soroka	Common Stock	Payment of exercise	Dispose F	No	No	8.43	4,866	41.02 k	20,134
9 Mar 23	Ryan Joseph Soroka	Common Stock	Option exercise	Acquire M	No	No	0	10,000	0.00	25,000
9 Mar 23	Ryan Joseph Soroka	RSU Common Stock	Option exercise	Dispose M	No	No	0	10,000	0.00	20,000
8 Mar 23	Tutor Ronald N	RSU Common Stock	Grant	Acquire A	No	No	0	530,188	0.00	530,188
8 Mar 23	Ryan Joseph Soroka	RSU Common Stock	Grant	Acquire A	No	No	0	30,000	0.00	30,000
26 Jan 23	Ghassan Ariqat	Phantom Stock Units Common Stock	Grant	Acquire A	No	No	0	90,000	0.00	90,000