Tutor Perini (NYSE:TPC) Shares Down 25.7% – Should You Sell?

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

Analysts Set New Price Targets

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

Tutor Perini Stock Performance

The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -7.85 and a beta of 1.73. The stock’s 50 day moving average is $24.15 and its 200 day moving average is $25.50.

Tutor Perini (NYSE:TPC) last released its quarterly earnings results on Thursday, February 27th. The construction company reported ($1.51) EPS for the quarter, missing the consensus estimate 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 analyst estimates of $1.08 billion. During the same quarter in the prior year, the company earned ($0.91) earnings per share.

Hedge Funds Weigh In On Tutor Perini

Several hedge funds have recently bought and sold shares of the stock. Fred Alger Management LLC acquired a new position in Tutor Perini in the 3rd quarter valued at about $16,034,000. Boston Partners grew its holdings in shares of Tutor Perini by 1,801.4% during the fourth quarter. Boston Partners now owns 605,450 shares of the construction company’s stock worth $14,666,000 after buying an additional 573,608 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Tutor Perini by 611.0% in the third quarter. JPMorgan Chase & Co. now owns 536,384 shares of the construction company’s stock valued at $14,568,000 after buying an additional 460,945 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Tutor Perini by 129.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 783,396 shares of the construction company’s stock valued at $21,277,000 after buying an additional 441,858 shares during the period. Finally, First Trust Advisors LP boosted its position in Tutor Perini by 74.6% during the fourth quarter. First Trust Advisors LP now owns 938,478 shares of the construction company’s stock worth $22,711,000 after acquiring an additional 401,117 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.