Tutor Perini (NYSE:TPC) Trading Down 17.2% - Should You Sell?

Tutor Perini Co. (NYSE:TPC - Get Free Report)'s stock price traded down 17.2% during mid-day trading on Wednesday . The stock traded as low as $23.86 and last traded at $19.43. 12,891 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 668,913 shares. The stock had previously closed at $23.46.

Analyst Ratings Changes

TPC has been the subject of a number of recent analyst reports. StockNews.com downgraded Tutor Perini from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. UBS Group raised their price objective on shares of Tutor Perini from $27.00 to $39.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. B. Riley upped their target price on shares of Tutor Perini from $38.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, Vertical Research started coverage on shares of Tutor Perini in a research report on Tuesday, December 10th. They set a "buy" rating and a $38.00 price target for the company.

Tutor Perini Stock Down 1.2 %

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 firm has a 50 day moving average price of $24.87 and a 200-day moving average price of $25.08. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of -9.62 and a beta of 1.52.

Tutor Perini (NYSE:TPC - Get Free Report) last announced its earnings results on Wednesday, November 6th. The construction company reported ($1.92) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.89) by ($0.03). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.17 billion. Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. The business's revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.71) EPS.

Insider Buying and Selling

In other news, CEO Ronald N. Tutor sold 125,000 shares of the business's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $30.72, for a total value of $3,840,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,257,313 shares of the company's stock, valued at $100,064,655.36. The trade was a 3.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Raymond R. Oneglia sold 50,000 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $28.68, for a total value of $1,434,000.00. Following the completion of the sale, the director now owns 250,000 shares in the company, valued at $7,170,000. This represents a 16.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 275,000 shares of company stock worth $8,147,000 in the last ninety days. Insiders own 19.50% of the company's stock.

Institutional Trading of Tutor Perini

Hedge funds and other institutional investors have recently bought and sold shares of the company. Plato Investment Management Ltd acquired a new stake in shares of Tutor Perini during the third quarter worth $52,000. CWM LLC boosted its stake in Tutor Perini by 53.0% in the 3rd quarter. CWM LLC now owns 2,622 shares of the construction company's stock worth $71,000 after buying an additional 908 shares during the last quarter. FMR LLC boosted its stake in Tutor Perini by 103.1% in the 3rd 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 last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Tutor Perini during the 3rd quarter valued at about $201,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of Tutor Perini during the 3rd quarter worth about $234,000. 65.01% of the stock is owned by hedge funds and other institutional investors.

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.