Assessing the Risk and Potential of Tutor Perini Corp’s (TPC) Stock

In the past week, TPC stock has gone up by 13.63%, with a monthly gain of 36.43% and a quarterly surge of 75.22%. The volatility ratio for the week is 4.18%, and the volatility levels for the last 30 days are 4.04% for Tutor Perini Corp The simple moving average for the past 20 days is 20.15% for TPC’s stock, with a 81.61% simple moving average for the past 200 days.

Is It Worth Investing in Tutor Perini Corp (NYSE: TPC) Right Now?

Moreover, the 36-month beta value for TPC is 1.60. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”

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The public float for TPC is 42.32M and currently, short sellers hold a 4.15% of that float. On April 04, 2024, TPC’s average trading volume was 313.69K shares.

TPC) stock’s latest price update

The stock price of Tutor Perini Corp (NYSE: TPC) has jumped by 7.76 compared to previous close of 14.70. Despite this, the company has seen a gain of 13.63% in its stock price over the last five trading days. Seeking Alpha reported 2024-02-28 that Tutor Perini Corporation (TPC) Q4 2023 Earnings Call Transcript

Analysts’ Opinion of TPC

Many brokerage firms have already submitted their reports for TPC stocks, with B. Riley Securities repeating the rating for TPC by listing it as a “Buy.” The predicted price for TPC in the upcoming period, according to B. Riley Securities is $17 based on the research report published on February 28, 2022 of the previous year 2022.

B. Riley Securities, on the other hand, stated in their research note that they expect to see TPC reach a price target of $19, previously predicting the price at $20. The rating they have provided for TPC stocks is “Buy” according to the report published on November 05th, 2020.

DA Davidson gave a rating of “Buy” to TPC, setting the target price at $22 in the report published on July 01st of the previous year.

TPC Trading at 46.90% from the 50-Day Moving Average

After a stumble in the market that brought TPC to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 6.45% of gains for the given period.

Volatility was left at 4.04%, however, over the last 30 days, the volatility rate increased by 4.18%, as shares surge +39.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +86.57% upper at present.

During the last 5 trading sessions, TPC rose by +13.63%, which changed the moving average for the period of 200-days by +131.24% in comparison to the 20-day moving average, which settled at $13.41. In addition, Tutor Perini Corp saw 74.07% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at TPC starting from SMALLEY GARY G., who sale 15,940 shares at the price of $13.28 back on Mar 20 ’24. After this action, SMALLEY GARY G. now owns 68,346 shares of Tutor Perini Corp, valued at $211,683 using the latest closing price.

SMALLEY GARY G., the President of Tutor Perini Corp, sale 27,959 shares at $13.02 during a trade that took place back on Mar 19 ’24, which means that SMALLEY GARY G. is holding 84,286 shares at $364,026 based on the most recent closing price.

Stock Fundamentals for TPC

Current profitability levels for the company are sitting at:

  • -0.03 for the present operating margin
  • 0.04 for the gross margin

The net margin for Tutor Perini Corp stands at -0.04. The total capital return value is set at -0.05. Equity return is now at value -12.49, with -3.82 for asset returns.

Based on Tutor Perini Corp (TPC), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 0.7. The interest coverage ratio of the stock is -1.35.

Currently, EBITDA for the company is -69.37 million with net debt to EBITDA at -9.74. When we switch over and look at the enterprise to sales, we see a ratio of 0.36. The receivables turnover for the company is 1.4for trailing twelve months and the total asset turnover is 0.88. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.66.

Conclusion

To wrap up, the performance of Tutor Perini Corp (TPC) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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