Tutor Perini (NYSE:TPC) Shares Down 17.6% – Time to Sell?

Tutor Perini Co. (NYSE:TPC) was down 17.6% during trading on Monday . The stock traded as low as $22.36 and last traded at $19.39. Approximately 17,607 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 515,541 shares. The stock had previously closed at $23.52.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TPC. Vertical Research initiated coverage on Tutor Perini in a report on Tuesday, December 10th. They set a “buy” rating and a $38.00 price target on the stock. B. Riley upgraded Tutor Perini to a “strong-buy” rating in a research report on Tuesday, March 18th. Finally, StockNews.com downgraded shares of Tutor Perini from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th.

Tutor Perini Stock Up 0.4 %

The stock has a fifty day moving average price of $24.28 and a 200-day moving average price of $25.71. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market cap of $1.22 billion, a PE ratio of -9.27 and a beta of 1.47.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings results 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 period in the prior year, the company posted ($0.91) EPS.

Institutional Investors Weigh In On Tutor Perini

A number of institutional investors have recently bought and sold shares of TPC. FMR LLC increased its stake in shares of Tutor Perini by 103.1% in the third quarter. FMR LLC now owns 4,725 shares of the construction company’s stock worth $128,000 after acquiring an additional 2,399 shares during the last quarter. State of Wyoming raised its stake in shares of Tutor Perini by 39.7% during the 4th quarter. State of Wyoming now owns 6,212 shares of the construction company’s stock worth $150,000 after purchasing an additional 1,764 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Tutor Perini during the 3rd quarter valued at about $201,000. EP Wealth Advisors LLC bought a new position in Tutor Perini during the third quarter valued at approximately $234,000. Finally, Optimize Financial Inc bought a new stake in Tutor Perini in the fourth quarter worth approximately $221,000. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Tutor Perini Company Profile

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.