Tutor Perini (NYSE:TPC) Trading Down 25.7% - Should You Sell?

Tutor Perini Co. (NYSE:TPC - Get Free Report) dropped 25.7% during mid-day trading on Monday . The stock traded as low as $24.81 and last traded at $19.75. Approximately 85,647 shares were traded during trading, a decline of 83% from the average daily volume of 493,409 shares. The stock had previously closed at $26.58.

Wall Street Analyst Weigh In

TPC has been the topic of a number of recent research reports. Vertical Research assumed coverage on Tutor Perini in a research report on Tuesday, December 10th. They set a "buy" rating and a $38.00 price objective on the stock. StockNews.com downgraded Tutor Perini from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th.

Tutor Perini Stock Down 3.3 %

The stock has a market cap of $1.29 billion, a PE ratio of -9.81 and a beta of 1.73. The business has a 50 day moving average price of $24.18 and a 200 day moving average price of $25.50. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.53.

Tutor Perini (NYSE:TPC - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The construction company reported ($1.51) earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($1.80). The firm had revenue of $1.07 billion during 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 period in the previous year, the firm posted ($0.91) EPS.

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Institutional Trading of Tutor Perini

Institutional investors and hedge funds have recently modified their holdings of the stock. Fred Alger Management LLC purchased a new stake in Tutor Perini during the 3rd quarter worth approximately $16,034,000. Boston Partners boosted its stake in Tutor Perini by 1,801.4% during the 4th quarter. Boston Partners now owns 605,450 shares of the construction company's stock worth $14,666,000 after purchasing an additional 573,608 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Tutor Perini by 611.0% during the third quarter. JPMorgan Chase & Co. now owns 536,384 shares of the construction company's stock worth $14,568,000 after buying an additional 460,945 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Tutor Perini by 129.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 783,396 shares of the construction company's stock valued at $21,277,000 after acquiring an additional 441,858 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of Tutor Perini by 74.6% in the fourth quarter. First Trust Advisors LP now owns 938,478 shares of the construction company's stock valued at $22,711,000 after purchasing an additional 401,117 shares in the last quarter. Hedge funds and other 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.