Have Insiders Sold Tutor Perini Shares Recently?

Some Tutor Perini Corporation (NYSE:TPC) shareholders may be a little concerned to see that the Executive Chairman of the Board, Ronald Tutor, recently sold a substantial US$16m worth of stock at a price of US$58.98 per share. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 3.9%.

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Tutor Perini Insider Transactions Over The Last Year

Notably, that recent sale by Ronald Tutor is the biggest insider sale of Tutor Perini shares that we've seen in the last year. So it's clear an insider wanted to take some cash off the table, even slightly below the current price of US$59.93. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was just 3.9% of Ronald Tutor's stake.

Insiders in Tutor Perini didn't buy any shares in the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

View our latest analysis for Tutor Perini

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Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Tutor Perini insiders own 15% of the company, worth about US$474m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Tutor Perini Insider Transactions Indicate?

An insider hasn't bought Tutor Perini stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Tutor Perini. While conducting our analysis, we found that Tutor Perini has 1 warning sign and it would be unwise to ignore this.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.