Tutor Perini (NYSE:TPC) Trading Down 5.5% – Time to Sell?

Tutor Perini Co. (NYSE:TPC)’s stock price traded down 5.5% during mid-day trading on Thursday . The stock traded as low as $26.65 and last traded at $26.70. 303,549 shares were traded during mid-day trading, a decline of 32% from the average session volume of 448,724 shares. The stock had previously closed at $28.25.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. StockNews.com cut Tutor Perini from a “buy” rating to a “hold” rating in a research note on Thursday. UBS Group increased their price objective on Tutor Perini from $27.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday.

Tutor Perini Price Performance

The company has a market cap of $1.36 billion, a PE ratio of -12.73 and a beta of 1.50. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.65 and a current ratio of 1.65. The stock has a 50 day moving average of $25.02 and a 200-day moving average of $21.78.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings results on Thursday, August 1st. The construction company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.15). The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. Tutor Perini had a negative return on equity of 4.49% and a negative net margin of 1.59%. Tutor Perini’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.72) earnings per share. Equities analysts predict that Tutor Perini Co. will post 1.12 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Donald Smith & CO. Inc. raised its position in shares of Tutor Perini by 3.9% during the 1st quarter. Donald Smith & CO. Inc. now owns 4,052,678 shares of the construction company’s stock valued at $58,602,000 after buying an additional 152,779 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Tutor Perini by 9.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,399,544 shares of the construction company’s stock worth $52,263,000 after acquiring an additional 198,348 shares during the period. Vanguard Group Inc. grew its position in Tutor Perini by 1.1% during the first quarter. Vanguard Group Inc. now owns 2,333,269 shares of the construction company’s stock worth $33,739,000 after buying an additional 25,246 shares during the period. American Century Companies Inc. grew its position in Tutor Perini by 59.9% during the second quarter. American Century Companies Inc. now owns 759,665 shares of the construction company’s stock worth $16,546,000 after buying an additional 284,627 shares during the period. Finally, Hennessy Advisors Inc. acquired a new position in Tutor Perini during the second quarter worth about $12,362,000. 65.01% of the stock is owned by hedge funds and other institutional investors.

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.