Tutor Perini Corp (NYSE: TPC) has experienced a rise in its stock price by 1.74 compared to its previous closing price of 21.95. However, the company has seen a gain of 3.00% in its stock price over the last five trading days. zacks.com reported 2024-06-26 that Tutor Perini (TPC) concluded the recent trading session at $21.89, signifying a -0.18% move from its prior day’s close.
Is It Worth Investing in Tutor Perini Corp (NYSE: TPC) Right Now?
The 36-month beta value for TPC is at 1.55. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for TPC is 42.93M, and currently, shorts hold a 4.64% of that float. The average trading volume for TPC on June 28, 2024 was 551.44K shares.
TPC’s Market Performance
TPC stock saw an increase of 3.00% in the past week, with a monthly gain of 1.69% and a quarterly increase of 54.44%. The volatility ratio for the week is 3.24%, and the volatility levels for the last 30 days are 4.21% for Tutor Perini Corp (TPC). The simple moving average for the past 20 days is 5.85% for TPC’s stock, with a 88.38% simple moving average for the past 200 days.
Analysts’ Opinion of TPC
Many brokerage firms have already submitted their reports for TPC stocks, with UBS repeating the rating for TPC by listing it as a “Buy.” The predicted price for TPC in the upcoming period, according to UBS is $27 based on the research report published on June 14, 2024 of the current year 2024.
B. Riley Securities, on the other hand, stated in their research note that they expect to see TPC reach a price target of $17, previously predicting the price at $19. The rating they have provided for TPC stocks is “Buy” according to the report published on February 28th, 2022.
B. Riley Securities gave a rating of “Buy” to TPC, setting the target price at $19 in the report published on November 05th of the previous year.
TPC Trading at 16.39% 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 unable to rebound, for now settling with -3.70% of loss for the given period.
Volatility was left at 4.21%, however, over the last 30 days, the volatility rate increased by 3.24%, as shares sank -0.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +67.68% upper at present.
During the last 5 trading sessions, TPC rose by +3.87%, which changed the moving average for the period of 200-days by +185.79% in comparison to the 20-day moving average, which settled at $21.09. In addition, Tutor Perini Corp saw 145.40% 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 TUTOR RONALD N, who sale 25,000 shares at the price of $19.40 back on Jun 13 ’24. After this action, TUTOR RONALD N now owns 2,387,267 shares of Tutor Perini Corp, valued at $485,000 using the latest closing price.
Ariqat Ghassan, the Executive Vice President of Tutor Perini Corp, sale 11,855 shares at $19.62 during a trade that took place back on Jun 10 ’24, which means that Ariqat Ghassan is holding 0 shares at $232,595 based on the most recent closing price.
Stock Fundamentals for TPC
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.07 for the gross margin
The net margin for Tutor Perini Corp stands at -0.03. The total capital return value is set at 0.01. Equity return is now at value -7.84, with -2.40 for asset returns.
Based on Tutor Perini Corp (TPC), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.48. The debt to equity ratio resting at 0.62. The interest coverage ratio of the stock is 0.2.
Currently, EBITDA for the company is -69.37 million with net debt to EBITDA at 6.91. When we switch over and look at the enterprise to sales, we see a ratio of 0.4. The receivables turnover for the company is 1.5for trailing twelve months and the total asset turnover is 0.95. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.70.
Conclusion
In conclusion, Tutor Perini Corp (TPC) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
