Tutor Perini Stock Falls On Unusually High Volume (TPC)

NEW YORK ( TheStreet) -- Tutor Perini (NYSE: TPC) is trading at unusually high volume Monday with 931,301 shares changing hands. It is currently at 4.1 times its average daily volume and trading down $1.82 (-12.6%) at $12.59 as of 2:50 p.m. ET.

Tutor Perini has a market cap of $717.1 million and is part of the industrial goods sector and materials & construction industry. Shares are up 16.8% year to date as of the close of trading on Friday.

Tutor Perini Corporation, together with its subsidiaries, provides diversified general contracting, construction management, and design-build services to private clients and public agencies worldwide. The company has a P/E ratio of 8.4, equal to the average materials & construction industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Tutor Perini as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, a generally disappointing performance in the stock itself and poor profit margins. You can view the full Tutor Perini Ratings Report.

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