Tutor Perini (NYSE:TPC) Stock Price Down 4.6% - Should You Sell?

Tutor Perini Co. (NYSE:TPC - Get Free Report) dropped 4.6% during mid-day trading on Tuesday . The company traded as low as $19.75 and last traded at $18.89. Approximately 424,054 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 530,545 shares. The stock had previously closed at $19.79.

Wall Street Analyst Weigh In

TPC has been the topic of a number of research reports. B. Riley raised Tutor Perini to a "strong-buy" rating in a report on Tuesday, March 18th. StockNews.com downgraded shares of Tutor Perini from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th.

Tutor Perini Price Performance

The firm has a 50-day simple moving average of $23.19 and a two-hundred day simple moving average of $25.03. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of -8.73 and a beta of 1.47. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53.

Tutor Perini (NYSE:TPC - Get Free Report) last posted 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 return on equity of 9.56% and a negative net margin of 3.08%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the business earned ($0.91) earnings per share.

Institutional Trading of Tutor Perini

Hedge funds have recently added to or reduced their stakes in the company. Westside Investment Management Inc. raised its position in shares of Tutor Perini by 3.8% in the first quarter. Westside Investment Management Inc. now owns 257,728 shares of the construction company's stock worth $5,974,000 after acquiring an additional 9,525 shares during the period. KBC Group NV purchased a new position in shares of Tutor Perini in the 1st quarter valued at about $443,000. Lesa Sroufe & Co acquired a new position in Tutor Perini in the 1st quarter worth about $2,906,000. Assenagon Asset Management S.A. boosted its position in Tutor Perini by 246.1% during the first quarter. Assenagon Asset Management S.A. now owns 322,565 shares of the construction company's stock worth $7,477,000 after purchasing an additional 229,363 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Tutor Perini during the first quarter worth approximately $965,000. 65.01% of the stock is owned by hedge funds and other institutional investors.

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.