Tutor Perini (NYSE:TPC) Stock Price Down 55% - Should You Sell?

Tutor Perini Corporation (NYSE:TPC - Get Free Report)'s stock price traded down 55% during trading on Friday . The company traded as low as $41.16 and last traded at $18.88. 227,598 shares traded hands during trading, a decline of 59% from the average session volume of 552,730 shares. The stock had previously closed at $41.98.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TPC shares. UBS Group raised their price target on shares of Tutor Perini from $40.00 to $41.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Wall Street Zen upgraded Tutor Perini from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Finally, B. Riley reaffirmed a "buy" rating and set a $50.00 price objective (up from $40.00) on shares of Tutor Perini in a research report on Friday, June 6th.

Tutor Perini Price Performance

The firm has a 50-day simple moving average of $32.09 and a 200-day simple moving average of $26.94. The firm has a market capitalization of $2.28 billion, a PE ratio of -15.01 and a beta of 1.74. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 1.33.

Tutor Perini (NYSE:TPC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The construction company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.47. The firm had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.08 billion. Tutor Perini had a negative net margin of 3.35% and a negative return on equity of 11.64%. The business's quarterly revenue was up 18.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 EPS.

Insider Transactions at Tutor Perini

In other Tutor Perini news, Chairman Ronald N. Tutor sold 130,478 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $40.93, for a total transaction of $5,340,464.54. Following the sale, the chairman now owns 4,570,985 shares in the company, valued at approximately $187,090,416.05. This trade represents a 2.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raymond R. Oneglia sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $36.14, for a total transaction of $903,500.00. Following the completion of the transaction, the director now owns 90,470 shares of the company's stock, valued at approximately $3,269,585.80. The trade was a 21.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 410,000 shares of company stock worth $15,891,651 in the last three months. Corporate insiders own 17.30% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC grew its holdings in shares of Tutor Perini by 7.3% in the fourth 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. Boston Partners lifted its position in Tutor Perini by 1,801.4% during the fourth quarter. Boston Partners now owns 605,450 shares of the construction company's stock valued at $14,666,000 after purchasing an additional 573,608 shares during the last quarter. Quantbot Technologies LP grew its stake in shares of Tutor Perini by 79.3% in the 4th quarter. Quantbot Technologies LP now owns 36,938 shares of the construction company's stock worth $894,000 after buying an additional 16,341 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Tutor Perini in the 4th quarter worth $232,000. Finally, LPL Financial LLC increased its holdings in shares of Tutor Perini by 139.3% in the 4th quarter. LPL Financial LLC now owns 44,984 shares of the construction company's stock worth $1,089,000 after buying an additional 26,186 shares during the last quarter. 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.