Tutor Perini Corp (NYSE: TPC) has experienced a rise in its stock price by 3.29 compared to its previous closing price of 21.29. However, the company has seen a gain of 0.46% in its stock price over the last five trading days. businesswire.com reported 2024-07-02 that LOS ANGELES–(BUSINESS WIRE)– #newaward–Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that the Company, in a joint venture with O&G Industries, Inc. (“O&G”), has been awarded a contract by Amtrak for the Connecticut River Bridge Replacement Project. The project will involve building a two-track, electrified and resilient bascule (movable) bridge structure equipped with new track, signal, catenary, power, communi.
Is It Worth Investing in Tutor Perini Corp (NYSE: TPC) Right Now?
Company’s 36-month beta value is 1.55.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for TPC is 42.93M, and currently, short sellers hold a 4.64% ratio of that floaft. The average trading volume of TPC on July 04, 2024 was 565.64K shares.
TPC’s Market Performance
The stock of Tutor Perini Corp (TPC) has seen a 0.46% increase in the past week, with a 1.57% rise in the past month, and a 38.83% gain in the past quarter. The volatility ratio for the week is 3.57%, and the volatility levels for the past 30 days are at 3.95% for TPC.. The simple moving average for the past 20 days is 4.77% for TPC’s stock, with a 82.41% 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 11.81% 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 -5.17% of loss for the given period.
Volatility was left at 3.95%, however, over the last 30 days, the volatility rate increased by 3.57%, as shares surge +5.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +61.17% upper at present.
During the last 5 trading sessions, TPC fell by -0.46%, which changed the moving average for the period of 200-days by +176.52% in comparison to the 20-day moving average, which settled at $21.05. In addition, Tutor Perini Corp saw 141.65% 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 0.39. 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 a nutshell, Tutor Perini Corp (TPC) has experienced a better performance in recent times. The stock has received mixed “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.
