Shares of Tutor Perini Corp. (NYSE:TPC) dropped 2% during trading on Thursday . The stock traded as low as $23.14 and last traded at $23.27, with a volume of 148,902 shares changing hands. The stock had previously closed at $23.75.

TPC has been the topic of several research reports. Zacks Investment Research upgraded shares of Tutor Perini Corp. from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Saturday, May 7th. Canaccord Genuity reiterated a “buy” rating and issued a $18.00 price target on shares of Tutor Perini Corp. in a research report on Wednesday, June 29th. MKM Partners upgraded shares of Tutor Perini Corp. from a “neutral” rating to a “buy” rating and increased their price target for the company from $23.00 to $28.00 in a research report on Wednesday. TheStreet lowered shares of Tutor Perini Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Finally, Standpoint Research lowered shares of Tutor Perini Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.29.

The stock has a market cap of $1.16 billion and a price-to-earnings ratio of 17.95. The stock’s 50-day moving average is $24.19 and its 200 day moving average is $19.46.

Tutor Perini Corp. (NYSE:TPC) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.08. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.40 billion. The firm’s revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. On average, analysts forecast that Tutor Perini Corp. will post $2.04 EPS for the current fiscal year.

Tutor Perini Corporation, formerly Perini Corporation, is a construction company offering general contracting, construction management and design-build services to private customers and public agencies. The Company operates through three segments. The Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure.

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