Tutor Perini (NYSE:TPC) Trading Down 4.8% – What’s Next?

Tutor Perini Co. (NYSE:TPC)’s stock price was down 4.8% during trading on Tuesday . The company traded as low as $20.66 and last traded at $19.08. Approximately 26,087 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 518,068 shares. The stock had previously closed at $20.03.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TPC shares. StockNews.com lowered Tutor Perini from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Vertical Research began coverage on shares of Tutor Perini in a research note on Tuesday, December 10th. They issued a “buy” rating and a $38.00 price target for the company. Finally, B. Riley raised shares of Tutor Perini to a “strong-buy” rating in a research report on Tuesday, March 18th.

Tutor Perini Price Performance

The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -7.99 and a beta of 1.47. The business has a 50 day simple moving average of $23.91 and a 200-day simple moving average of $25.62. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.55.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings data on Thursday, February 27th. The construction company reported ($1.51) EPS for the quarter, missing the consensus estimate 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 company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the firm posted ($0.91) EPS.

Institutional Trading of Tutor Perini

Institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its position in shares of 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 purchasing an additional 2,399 shares during the period. State of Wyoming raised its position in Tutor Perini by 39.7% in the 4th 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 during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Tutor Perini in the third quarter valued at about $201,000. Optimize Financial Inc bought a new position in Tutor Perini in the fourth quarter worth approximately $221,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Tutor Perini during the 4th quarter valued at $232,000. 65.01% of the stock is currently 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.