Tutor Perini Corp (NYSE: TPC) Loss Of -11.56 Percent Over The Past 30 Days: Any Trouble To Come?

Tutor Perini Corp (NYSE:TPC)’s traded shares stood at 0.32 million during the last session, with the company’s beta value hitting 1.52. At the close of trading, the stock’s price was $26.78, to imply a decrease of -0.89% or -$0.24 in intraday trading. The TPC share’s 52-week high remains $34.55, putting it -29.01% down since that peak but still an impressive 70.76% since price per share fell to its 52-week low of $7.83. The company has a valuation of $1.40B, with an average of 0.36 million shares in intraday trading volume over the past 10 days and average of 422.50K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Tutor Perini Corp (TPC), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give TPC a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.14.

Tutor Perini Corp (NYSE:TPC) trade information

After registering a -0.89% downside in the last session, Tutor Perini Corp (TPC) has traded red over the past five days. The 5-day price performance for the stock is -1.47%, and -11.56% over 30 days. With these gigs, the year-to-date price performance is 194.29%. Short interest in Tutor Perini Corp (NYSE:TPC) saw shorts transact 1.49 million shares and set a 3.12 days time to cover.

The extremes give us $27 and $27 for target low and target high price respectively. As such, TPC has been trading -0.82% off suggested target high and -0.82% from its likely low.

Tutor Perini Corp (TPC) estimates and forecasts

Looking at statistics comparing Tutor Perini Corp share performance against respective industry, we note that the company has outperformed competitors. Tutor Perini Corp (TPC) shares are 34.78% up over the last 6 months, with its year-to-date growth rate higher than industry average at 60.61% against 39.10%. The rating firms project that company’s revenue will grow 11.58% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is 1.07B. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 1.1B.Earnings reports from the last fiscal year show that sales brought in 1.02B and 1.05B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 4.76% before jumping 4.50% in the following quarter.

TPC Dividends

Tutor Perini Corp has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. The company’s average dividend yield trailing the past 5-year period is 3.45%.

Tutor Perini Corp (NYSE:TPC)’s Major holders

Tutor Perini Corp insiders hold 17.39% of total outstanding shares, with institutional holders owning 74.57% of the shares at 90.27% float percentage. In total, 74.57% institutions holds shares in the company, led by BLACKROCK INC. As of 2024-06-30, the company held over 4.84 million shares (or 9.2985% of shares), all amounting to roughly $105.5 million.

The next major institution holding the largest number of shares is DONALD SMITH & CO., INC. with 3.31 million shares, or about 6.3485% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $72.03 million.