Tutor Perini (NYSE:TPC) Stock Price Down 5.5% - Time to Sell?

Tutor Perini Co. (NYSE:TPC - Get Free Report)'s share price dropped 5.5% during mid-day trading on Thursday . The company traded as low as $26.65 and last traded at $26.70. Approximately 303,549 shares traded hands during trading, a decline of 32% from the average daily volume of 448,724 shares. The stock had previously closed at $28.25.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TPC. UBS Group increased their price target on Tutor Perini from $27.00 to $39.00 and gave the company a "buy" rating in a report on Wednesday. StockNews.com downgraded shares of Tutor Perini from a "buy" rating to a "hold" rating in a report on Thursday.

Tutor Perini Trading Down 6.6 %

The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $24.81 and a 200-day moving average price of $21.67. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of -12.93 and a beta of 1.50.

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

Hedge Funds Weigh In On Tutor Perini

Institutional investors and hedge funds have recently bought and sold shares of the stock. Donald Smith & CO. Inc. grew its position in Tutor Perini by 3.9% in the 1st quarter. Donald Smith & CO. Inc. now owns 4,052,678 shares of the construction company's stock worth $58,602,000 after purchasing an additional 152,779 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Tutor Perini by 9.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,399,544 shares of the construction company's stock valued at $52,263,000 after buying an additional 198,348 shares during the period. Vanguard Group Inc. grew its position in Tutor Perini by 1.1% during the first quarter. Vanguard Group Inc. now owns 2,333,269 shares of the construction company's stock worth $33,739,000 after buying an additional 25,246 shares in the last quarter. American Century Companies Inc. increased its stake in Tutor Perini by 59.9% during the second quarter. American Century Companies Inc. now owns 759,665 shares of the construction company's stock valued at $16,546,000 after acquiring an additional 284,627 shares during the period. Finally, Hennessy Advisors Inc. acquired a new position in Tutor Perini in the 2nd quarter valued at approximately $12,362,000. 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.