Tutor Perini (NYSE:TPC) Stock Price Down 21.5% – Should You Sell?

Tutor Perini Co. (NYSE:TPC) was down 21.5% during trading on Tuesday . The stock traded as low as $25.06 and last traded at $19.90. Approximately 43,043 shares changed hands during trading, a decline of 93% from the average daily volume of 611,891 shares. The stock had previously closed at $25.34.

Analyst Upgrades and Downgrades

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

Tutor Perini Stock Up 2.2 %

The company’s 50-day moving average is $24.32 and its 200 day moving average is $25.65. The stock has a market capitalization of $1.36 billion, a PE ratio of -10.31 and a beta of 1.73. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. FMR LLC lifted its holdings in shares of Tutor Perini by 103.1% during the third quarter. FMR LLC now owns 4,725 shares of the construction company’s stock worth $128,000 after purchasing an additional 2,399 shares during the period. State of Wyoming lifted its stake in Tutor Perini by 39.7% during the 4th quarter. State of Wyoming now owns 6,212 shares of the construction company’s stock valued at $150,000 after acquiring an additional 1,764 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Tutor Perini in the 3rd quarter valued at $201,000. EP Wealth Advisors LLC acquired a new stake in shares of Tutor Perini in the third quarter worth $234,000. Finally, Optimize Financial Inc purchased a new position in shares of Tutor Perini during the fourth quarter worth $221,000. 65.01% of the stock is 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.