Tutor Perini (NYSE:TPC) Stock Price Down 10.5% - Time to Sell?

Tutor Perini Co. (NYSE:TPC - Get Free Report)'s stock price fell 10.5% during mid-day trading on Tuesday . The stock traded as low as $20.93 and last traded at $19.08. 21,928 shares were traded during trading, a decline of 96% from the average session volume of 529,477 shares. The stock had previously closed at $21.31.

Analyst Ratings Changes

Several brokerages have commented on TPC. B. Riley raised Tutor Perini to a "strong-buy" rating in a report on Tuesday, March 18th. StockNews.com lowered Tutor Perini from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th.

Tutor Perini Stock Up 4.0 %

The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.53. The stock's 50-day simple moving average is $23.17 and its 200 day simple moving average is $24.86. The firm has a market cap of $1.21 billion, a P/E ratio of -9.13 and a beta of 1.62.

Tutor Perini (NYSE:TPC - Get Free Report) last announced its earnings results 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 net margin of 3.08% and a negative return on equity of 9.56%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company earned ($0.91) EPS.

Hedge Funds Weigh In On Tutor Perini

Several institutional investors have recently made changes to their positions in TPC. Barclays PLC increased its position in Tutor Perini by 298.0% in the 3rd quarter. Barclays PLC now owns 69,875 shares of the construction company's stock valued at $1,898,000 after buying an additional 52,319 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Tutor Perini by 24.6% during the third quarter. Franklin Resources Inc. now owns 79,907 shares of the construction company's stock valued at $2,130,000 after acquiring an additional 15,788 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Tutor Perini by 611.0% during the third quarter. JPMorgan Chase & Co. now owns 536,384 shares of the construction company's stock worth $14,568,000 after purchasing an additional 460,945 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Tutor Perini by 67.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 93,202 shares of the construction company's stock worth $2,255,000 after purchasing an additional 37,478 shares in the last quarter. Finally, Hennessy Advisors Inc. grew its position in Tutor Perini by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 682,981 shares of the construction company's stock valued at $16,528,000 after purchasing an additional 43,600 shares during the period. Institutional investors and hedge funds own 65.01% of the company's stock.

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.