Tutor Perini Co. (NYSE:TPC – Get Free Report)’s share price traded down 21.8% during mid-day trading on Monday . The company traded as low as $25.33 and last traded at $20.02. 72,740 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 489,069 shares. The stock had previously closed at $25.60.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. StockNews.com cut shares of Tutor Perini from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Vertical Research assumed coverage on shares of Tutor Perini in a research note on Tuesday, December 10th. They issued a “buy” rating and a $38.00 price objective for the company.
View Our Latest Research Report on Tutor Perini
Tutor Perini Stock Up 0.8 %
Tutor Perini (NYSE:TPC – Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The construction company reported ($1.51) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company earned ($0.91) earnings per share.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in Tutor Perini by 103.1% in the 3rd quarter. FMR LLC now owns 4,725 shares of the construction company’s stock worth $128,000 after purchasing an additional 2,399 shares in the last quarter. State of Wyoming raised 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 worth $150,000 after purchasing an additional 1,764 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Tutor Perini in the 3rd quarter worth $201,000. Optimize Financial Inc purchased a new stake in shares of Tutor Perini in the 4th quarter worth about $221,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Tutor Perini in the 4th quarter worth about $232,000. 65.01% of the stock is currently owned by 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.
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