Tutor Perini Co. (NYSE:TPC - Get Free Report) shares dropped 21.8% during mid-day trading on Monday . The company traded as low as $25.33 and last traded at $20.02. Approximately 72,740 shares were traded during trading, a decline of 85% from the average daily volume of 489,069 shares. The stock had previously closed at $25.60.
Analyst Ratings Changes
TPC has been the subject of a number of recent research reports. Vertical Research initiated 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. StockNews.com lowered shares of Tutor Perini from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Finally, B. Riley raised shares of Tutor Perini to a "strong-buy" rating in a report on Tuesday.
Check Out Our Latest Stock Report on TPC
Tutor Perini Stock Performance
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 stock has a market capitalization of $1.05 billion, a PE ratio of -9.89 and a beta of 1.73. The firm's fifty day moving average price is $24.28 and its two-hundred day moving average price is $25.58.
Tutor Perini (NYSE:TPC - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The construction company reported ($1.51) EPS for the quarter, missing the consensus estimate of $0.29 by ($1.80). The company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.08 billion. Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. During the same period in the previous year, the firm posted ($0.91) EPS.
Institutional Investors Weigh In On Tutor Perini
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its holdings 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 acquiring an additional 2,399 shares in the last quarter. State of Wyoming boosted its stake in Tutor Perini by 39.7% during the 4th quarter. State of Wyoming now owns 6,212 shares of the construction company's stock worth $150,000 after purchasing an additional 1,764 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Tutor Perini during the 3rd quarter worth $201,000. Optimize Financial Inc acquired a new stake in Tutor Perini during the 4th quarter worth $221,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Tutor Perini during the 4th quarter worth $232,000. Hedge funds and other institutional investors own 65.01% of the company's stock.
Tutor Perini Company Profile
(
Get Free Report)
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.
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