In last trading session, Tutor Perini Corp (NYSE:TPC) saw 0.3 million shares changing hands with its beta currently measuring 1.50. Company’s recent per share price level of $28.46 trading at $1.21 or 4.44% at ring of the bell on the day assigns it a market valuation of $1.49B. That closing price of TPC’s stock is at a discount of -21.4% from its 52-week high price of $34.55 and is indicating a premium of 72.49% from its 52-week low price of $7.83. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.4 million shares which gives us an average trading volume of 426.74K if we extend that period to 3-months.
For Tutor Perini Corp (TPC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.14 in the current quarter.
Tutor Perini Corp (NYSE:TPC) trade information
Upright in the green during last session for gaining 4.44%, in the last five days TPC remained trading in the red while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $28.46 price level, adding 3.43% to its value on the day. Tutor Perini Corp’s shares saw a change of 212.75% in year-to-date performance and have moved -0.80% in past 5-day. Tutor Perini Corp (NYSE:TPC) showed a performance of 7.23% in past 30-days. Number of shares sold short was 1.49 million shares which calculate 3.12 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 26.5 to the stock, which implies a fall of -7.4% to its current value. Analysts have been projecting 26 as a low price target for the stock while placing it at a high target of 27. It follows that stock’s current price would jump 8.64% in reaching the projected high whereas dropping to the targeted low would mean a gain of 8.64% for stock’s current value.
Tutor Perini Corp (TPC) estimates and forecasts
Statistics highlight that Tutor Perini Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company added 29.01% of value to its shares in past 6 months, showing an annual growth rate of 60.61% while that of industry is 39.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 11.58% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.07B for the same. And 1 analysts are in estimates of company making revenue of 1.1B in the next quarter. Company posted 1.02B and 1.05B of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 56.50% while estimates for its earnings growth in next 5 years are of 10.00%.
Tutor Perini Corp (NYSE:TPC)’s Major holders
Insiders are in possession of 17.39% of company’s total shares while institution are holding 74.53 percent of that, with stock having share float percentage of 90.22%. Investors also watch the number of corporate investors in a company very closely, which is 74.53% institutions for Tutor Perini Corp that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at TPC for having 4.84 million shares of worth $105.5 million. And as of 2024-06-30, it was holding 9.2985 of the company’s outstanding shares.
The second largest institutional holder is DONALD SMITH & CO., INC., which was holding about 3.31 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.3485 of outstanding shares, having a total worth of $72.03 million.
On the other hand, Global X Fds-Global X U.S. Infrastructure Development ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 2.46 shares of worth $66.9 million or 4.69% of the total outstanding shares. The later fund manager was in possession of 1.27 shares on Jun 30, 2024 , making its stake of worth around $34.4 million in the company or a holder of 2.41% of company’s stock.
