Tutor Perini (NYSE:TPC) Trading Down 2.5% - Time to Sell?

Tutor Perini Co. (NYSE:TPC - Get Free Report)'s share price fell 2.5% during mid-day trading on Friday . The company traded as low as $26.61 and last traded at $26.89. 42,668 shares were traded during mid-day trading, a decline of 90% from the average session volume of 442,355 shares. The stock had previously closed at $27.57.

Tutor Perini Trading Down 1.1 %

The company has a market cap of $1.43 billion, a P/E ratio of -13.17 and a beta of 1.50. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.50. The stock's 50 day moving average is $24.04 and its 200-day moving average is $21.25.

Tutor Perini (NYSE:TPC - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The construction company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.15). Tutor Perini had a negative net margin of 1.59% and a negative return on equity of 4.49%. The firm had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the previous year, the company earned ($0.72) EPS. The company's quarterly revenue was up 10.4% compared to the same quarter last year. Research analysts anticipate that Tutor Perini Co. will post 1.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tutor Perini

A number of hedge funds have recently bought and sold shares of TPC. Creative Planning grew its position in Tutor Perini by 62.2% in the 3rd quarter. Creative Planning now owns 23,256 shares of the construction company's stock worth $632,000 after purchasing an additional 8,917 shares during the period. USA Financial Formulas grew its holdings in shares of Tutor Perini by 19.6% in the third quarter. USA Financial Formulas now owns 3,451 shares of the construction company's stock worth $94,000 after acquiring an additional 566 shares during the period. CWM LLC increased its position in Tutor Perini by 53.0% during the third quarter. CWM LLC now owns 2,622 shares of the construction company's stock valued at $71,000 after acquiring an additional 908 shares during the last quarter. SG Americas Securities LLC increased its position in Tutor Perini by 44.1% during the third quarter. SG Americas Securities LLC now owns 17,074 shares of the construction company's stock valued at $464,000 after acquiring an additional 5,223 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new position in Tutor Perini in the second quarter valued at about $158,000. Hedge funds and other institutional investors own 65.01% of the company's stock.

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.