FTSE 100: Index falls as earnings results weigh; pound below $1.33, Bodycote soars
Ronald N. Tutor, Executive Chairman of Tutor Perini Corp (NYSE:TPC), recently sold a significant amount of the company’s stock. On June 2 and June 3, 2025, Tutor sold a total of 150,000 shares, generating approximately $5.73 million. The shares were sold at an average price range of $37.45 to $38.62 per share. The timing of these sales is notable as TPC shares are trading near their 52-week high of $39.39, having delivered an impressive 81% return over the past year.
In addition to these sales, the Form 4 filing detailed other transactions, including a gift of 140,000 shares to a charitable organization on June 4, 2025. This transaction was completed for no consideration. According to InvestingPro analysis, TPC currently shows signs of being in overbought territory, with 16 additional key insights available to subscribers.
Tutor, who serves as both a director and a ten percent owner, continues to hold shares through various trusts, reflecting his ongoing involvement with the company. For detailed analysis of TPC’s valuation and future prospects, access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Tutor Perini Corporation reported impressive first-quarter results for 2025, surpassing analysts’ expectations. The company’s earnings per share reached $0.53, significantly higher than the projected $0.10, while revenue climbed to $1.25 billion, exceeding the anticipated $1.06 billion. Tutor Perini’s backlog also reached a record $19.4 billion, marking a 94% increase year-over-year. The company has increased its 2025 earnings per share guidance to a range of $1.60 to $1.95, reflecting confidence in continued growth. Analysts have noted the strong performance across the company’s civil and building segments, supported by strategic project acquisitions. Management highlighted the potential for significant revenue increases in the coming years, driven by a robust bidding pipeline and strategic wins. Tutor Perini’s management expressed optimism about maintaining a strong backlog and executing new projects, particularly in regions like Guam and the Indo-Pacific. The company remains focused on mitigating risks related to tariffs and regulatory changes, ensuring minimal impact on their operations.
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