Tutor Perini (NYSE:TPC) Shares Down 16.9% - Should You Sell?

Shares of Tutor Perini Co. (NYSE:TPC - Get Free Report) were down 16.9% on Monday . The company traded as low as $22.63 and last traded at $19.06. Approximately 98,276 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 607,824 shares. The stock had previously closed at $22.94.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TPC. B. Riley raised Tutor Perini to a "strong-buy" rating in a research note on Tuesday, March 18th. StockNews.com downgraded shares of Tutor Perini from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th.

Tutor Perini Trading Up 26.7 %

The company has a 50 day moving average of $23.00 and a 200 day moving average of $24.76. 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 $1.58 billion, a price-to-earnings ratio of -11.93 and a beta of 1.62.

Tutor Perini (NYSE:TPC - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The construction company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.47. Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. The company had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter in the prior year, the company earned $0.30 earnings per share. The business's quarterly revenue was up 18.8% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in shares of Tutor Perini by 32.5% during the 1st quarter. GAMMA Investing LLC now owns 2,080 shares of the construction company's stock valued at $48,000 after acquiring an additional 510 shares during the period. CWM LLC raised its stake in shares of Tutor Perini by 32.8% during the 1st quarter. CWM LLC now owns 3,442 shares of the construction company's stock valued at $80,000 after purchasing an additional 850 shares during the period. State of Wyoming boosted its holdings in Tutor Perini by 39.7% in the 4th quarter. State of Wyoming now owns 6,212 shares of the construction company's stock valued at $150,000 after purchasing an additional 1,764 shares during the period. Optimize Financial Inc bought a new stake in Tutor Perini during the fourth quarter valued at approximately $221,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Tutor Perini during the fourth quarter worth approximately $232,000. 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.