Tutor Perini (NYSE:TPC) Shares Down 17.6% – What’s Next?

Tutor Perini Co. (NYSE:TPC)’s stock price was down 17.6% on Monday . The company traded as low as $22.36 and last traded at $19.39. Approximately 17,607 shares were traded during trading, a decline of 97% from the average daily volume of 515,541 shares. The stock had previously closed at $23.52.

Analyst Upgrades and Downgrades

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

Tutor Perini Trading Down 2.4 %

The company’s 50-day moving average is $24.41 and its 200 day moving average is $25.72. 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 firm has a market cap of $1.20 billion, a PE ratio of -7.69 and a beta of 1.73.

Tutor Perini (NYSE:TPC) last released 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). The business 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 quarter in the previous year, the company earned ($0.91) EPS.

Institutional Trading of Tutor Perini

Institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC boosted its stake in shares of Tutor Perini by 7.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company’s stock valued at $249,000 after buying an additional 700 shares during the period. Sterling Capital Management LLC grew its stake in Tutor Perini by 7.0% in the fourth 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 in the last quarter. Gotham Asset Management LLC increased its position in Tutor Perini by 4.3% in the 4th quarter. Gotham Asset Management LLC now owns 38,684 shares of the construction company’s stock worth $936,000 after purchasing an additional 1,609 shares during the last quarter. EP Wealth Advisors LLC raised its stake in shares of Tutor Perini by 19.5% during the 4th quarter. EP Wealth Advisors LLC now owns 10,294 shares of the construction company’s stock worth $249,000 after purchasing an additional 1,680 shares in the last quarter. Finally, State of Wyoming lifted its holdings in shares of Tutor Perini by 39.7% during the 4th quarter. State of Wyoming now owns 6,212 shares of the construction company’s stock valued at $150,000 after buying an additional 1,764 shares during the last quarter. 65.01% of the stock is currently owned by institutional investors and hedge funds.

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.