Tutor Perini (NYSE:TPC) Stock Price Down 9.1% – Should You Sell?

Shares of Tutor Perini Co. (NYSE:TPC) fell 9.1% on Friday . The stock traded as low as $29.54 and last traded at $30.23. 158,415 shares were traded during trading, a decline of 65% from the average session volume of 446,335 shares. The stock had previously closed at $33.24.

Wall Street Analysts Forecast Growth

TPC has been the topic of several recent research reports. B. Riley upped 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. StockNews.com raised shares of Tutor Perini from a “hold” rating to a “buy” rating in a report on Thursday. Finally, UBS Group upped their price objective on shares of Tutor Perini from $27.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd.

Tutor Perini Price Performance

The firm has a market capitalization of $1.60 billion, a PE ratio of -12.16 and a beta of 1.50. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average price of $26.08 and a 200 day moving average price of $22.82.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings data on Wednesday, November 6th. The construction company reported ($1.92) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.89) by ($0.03). Tutor Perini had a negative return on equity of 9.43% and a negative net margin of 3.08%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the company posted ($0.71) earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. Equities analysts forecast that Tutor Perini Co. will post -1 EPS for the current fiscal year.

Institutional Investors Weigh In On Tutor Perini

Several institutional investors have recently bought and sold shares of TPC. CWM LLC grew its holdings in shares of Tutor Perini by 142.8% during the second quarter. CWM LLC now owns 1,714 shares of the construction company’s stock worth $37,000 after buying an additional 1,008 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Tutor Perini during the 2nd quarter valued at about $51,000. Plato Investment Management Ltd acquired a new stake in Tutor Perini in the 3rd quarter valued at about $52,000. nVerses Capital LLC purchased a new position in Tutor Perini in the 2nd quarter worth approximately $63,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Tutor Perini during the 1st quarter worth approximately $77,000. 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.