Insider Sales at Tutor Perini Coincide with Stock Peak

Shares of construction giant Tutor Perini Corporation have surged to a new annual high, a move immediately followed by significant stock disposals by two key company insiders. Executive Chairman Ronald Tutor and board member Sidney Feltenstein executed substantial sales this week, raising questions about whether the stock’s impressive rally is nearing its conclusion.

The timing of these insider transactions is particularly noteworthy given the company’s stellar fundamental performance. Tutor Perini’s second-quarter earnings dramatically surpassed expectations, reporting $1.41 per share against analyst predictions of just $0.29. The company’s backlog of projects has swelled to a record $21.1 billion, more than doubling its value within a single year. This robust operational health prompted management to issue a significantly upgraded profit... Read more...