Tutor Perini (NYSE:TPC) Stock Price Down 25.7% – Time to Sell?

Tutor Perini Co. (NYSE:TPC) shares fell 25.7% on Monday . The stock traded as low as $24.81 and last traded at $19.75. 85,647 shares changed hands during trading, a decline of 83% from the average session volume of 493,409 shares. The stock had previously closed at $26.58.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Vertical Research initiated coverage on Tutor Perini in a report on Tuesday, December 10th. They issued a “buy” rating and a $38.00 price objective for the company. StockNews.com downgraded Tutor Perini from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th.

Tutor Perini Stock Down 8.6 %

The business’s fifty day simple moving average is $24.23 and its two-hundred day simple moving average is $25.51. The company has a market cap of $1.27 billion, a PE ratio of -9.68 and a beta of 1.73. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.55 and a quick ratio of 1.55.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings data on Thursday, February 27th. The construction company reported ($1.51) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($1.80). Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the firm earned ($0.91) earnings per share.

Institutional Trading of Tutor Perini

A number of institutional investors and hedge funds have recently modified their holdings of TPC. US Bancorp DE lifted its stake in Tutor Perini by 19,259.7% in the 3rd quarter. US Bancorp DE now owns 14,907 shares of the construction company’s stock valued at $405,000 after buying an additional 14,830 shares in the last quarter. Plato Investment Management Ltd purchased a new position in shares of Tutor Perini in the third quarter valued at approximately $52,000. Empowered Funds LLC boosted its stake in shares of Tutor Perini by 13.9% in the third quarter. Empowered Funds LLC now owns 268,521 shares of the construction company’s stock worth $7,293,000 after acquiring an additional 32,676 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Tutor Perini during the third quarter worth approximately $1,410,000. Finally, Advisors Asset Management Inc. raised its stake in Tutor Perini by 7.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 115,546 shares of the construction company’s stock valued at $3,138,000 after purchasing an additional 8,153 shares during the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

About Tutor Perini

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.