Tutor Perini (NYSE:TPC) Shares Down 4.8% - Should You Sell?

Tutor Perini Co. (NYSE:TPC - Get Free Report) traded down 4.8% during mid-day trading on Tuesday . The company traded as low as $20.66 and last traded at $19.08. 26,087 shares were traded during trading, a decline of 95% from the average session volume of 518,068 shares. The stock had previously closed at $20.03.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TPC. StockNews.com lowered shares of Tutor Perini from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. B. Riley upgraded Tutor Perini to a "strong-buy" rating in a report on Tuesday, March 18th.

Tutor Perini Stock Up 0.5 %

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 stock's 50 day moving average price is $23.72 and its 200-day moving average price is $25.42. The company has a market cap of $1.10 billion, a PE ratio of -8.32 and a beta of 1.47.

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

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Institutional Trading of Tutor Perini

Hedge funds and other institutional investors have recently bought and sold shares of the stock. 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 buying an additional 2,399 shares during the period. State of Wyoming grew its holdings in Tutor Perini by 39.7% in the 4th quarter. State of Wyoming now owns 6,212 shares of the construction company's stock worth $150,000 after acquiring an additional 1,764 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Tutor Perini in the third quarter valued at about $201,000. Optimize Financial Inc bought a new position in shares of Tutor Perini during the fourth quarter valued at about $221,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Tutor Perini during the fourth quarter worth about $232,000. 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.