Some Tutor Perini Corporation (NYSE:TPC) shareholders may be a little concerned to see that the Chairman & CEO, Ronald Tutor, recently sold a substantial US$5.4m worth of stock at a price of US$30.74 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 2.4%.

The Last 12 Months Of Insider Transactions At Tutor Perini

The insider, Michael Klein, made the biggest insider sale in the last 12 months. That single transaction was for US$7.2m worth of shares at a price of US$19.99 each. That means that an insider was selling shares at slightly below the current price (US$27.56). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was 94% of Michael Klein's stake.

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

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Does Tutor Perini Boast High 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. We usually like to see fairly high levels of insider ownership. Tutor Perini insiders own 17% of the company, currently worth about US$244m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At Tutor Perini Tell Us?

An insider hasn't bought Tutor Perini stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 1 warning sign for Tutor Perini you should know about.

But note: Tutor Perini may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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.