Tutor Perini Co. (NYSE:TPC - Get Free Report) dropped 32% during mid-day trading on Monday . The stock traded as low as $27.60 and last traded at $19.99. Approximately 643,391 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 638,171 shares. The stock had previously closed at $29.39.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on TPC. 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 objective for the company. StockNews.com lowered Tutor Perini from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Finally, B. Riley raised their price objective on Tutor Perini from $38.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th.
Check Out Our Latest Stock Analysis on TPC
Tutor Perini Trading Up 1.5 %
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 business's 50 day moving average price is $24.17 and its 200-day moving average price is $25.42. The company has a market cap of $1.40 billion, a price-to-earnings ratio of -10.62 and a beta of 1.52.
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 during the quarter, compared to analyst estimates 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 last year, the company earned ($0.91) EPS.
Institutional Trading of Tutor Perini
A number of large investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC boosted its stake in shares of Tutor Perini by 7.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company's stock valued at $249,000 after purchasing an additional 700 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in Tutor Perini by 7.0% during the 4th quarter. Sterling Capital Management LLC now owns 18,836 shares of the construction company's stock valued at $456,000 after purchasing an additional 1,235 shares during the last quarter. Gotham Asset Management LLC boosted its position in Tutor Perini by 4.3% in the fourth quarter. Gotham Asset Management LLC now owns 38,684 shares of the construction company's stock valued at $936,000 after buying an additional 1,609 shares in the last quarter. EP Wealth Advisors LLC grew its stake in Tutor Perini by 19.5% during the fourth quarter. EP Wealth Advisors LLC now owns 10,294 shares of the construction company's stock worth $249,000 after buying an additional 1,680 shares during the last quarter. Finally, State of Wyoming increased its holdings in shares of 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 buying an additional 1,764 shares in the last quarter. 65.01% of the stock is currently owned by institutional investors.
About Tutor Perini
(
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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