Tutor Perini (NYSE:TPC) Shares Down 21.5% - What's Next?

Shares of Tutor Perini Co. (NYSE:TPC - Get Free Report) traded 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 were traded during mid-day 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

A number of brokerages have recently issued reports on TPC. Vertical Research started coverage on shares of Tutor Perini in a research note on Tuesday, December 10th. They set a "buy" rating and a $38.00 price target on the stock. StockNews.com downgraded Tutor Perini from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Finally, B. Riley upgraded Tutor Perini to a "strong-buy" rating in a research note on Tuesday, March 18th.

Tutor Perini Stock Performance

The company has a market capitalization of $1.24 billion, a PE ratio of -9.39 and a beta of 1.73. The stock has a 50-day simple moving average of $24.41 and a 200 day simple moving average of $25.67. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.55 and a quick ratio of 1.55.

Tutor Perini (NYSE:TPC - Get Free Report) last announced its 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). Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the firm posted ($0.91) EPS.

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Institutional Trading of Tutor Perini

Large investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Tutor Perini by 47.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 89,032 shares of the construction company's stock valued at $2,155,000 after purchasing an additional 28,701 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in shares of Tutor Perini in the fourth quarter valued at approximately $821,000. Squarepoint Ops LLC raised its position in shares of Tutor Perini by 107.9% in the fourth quarter. Squarepoint Ops LLC now owns 24,865 shares of the construction company's stock valued at $602,000 after buying an additional 12,903 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of Tutor Perini by 110.3% during the fourth quarter. Two Sigma Investments LP now owns 47,810 shares of the construction company's stock valued at $1,157,000 after buying an additional 25,076 shares during the period. Finally, State of Wyoming boosted its position in Tutor Perini by 39.7% during the fourth 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. Institutional investors and hedge funds 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.