Tutor Perini Corp (NYSE: TPC) is 0.41% higher on its value in year-to-date trading and has touched a low of $8.45 and a high of $34.55 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TPC stock was last observed hovering at around $26.00 in the last trading session, with the day’s loss setting it -1.7%.
Currently trading at $24.30, the stock is -2.39% and -7.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing -6.54% at the moment leaves the stock 4.41% off its SMA200. TPC registered 184.88% gain for a year compared to 6-month gain of -2.72%. The firm has a 50-day simple moving average (SMA 50) of $26.3846 and a 200-day simple moving average (SMA200) of $23.2282.
The stock witnessed a -2.92% loss in the last 1 month and extending the period to 3 months gives it a -13.98%, and is -4.33% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.15% over the week and 4.56% over the month.
Tutor Perini Corp (TPC) has around 8200 employees, a market worth around $1.27B and $4.28B in sales. Fwd P/E is 14.21. Profit margin for the company is -3.08%. Distance from 52-week low is 187.57% and -29.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.87%).
with sales reaching $1.07B over the same period.The EPS is expected to grow by 56.79% this year, but quarterly earnings will post 11.77% year-over-year. Quarterly sales are estimated to grow 4.76% in year-over-year returns.
Tutor Perini Corp (TPC) Top Institutional Holders
262.0 institutions hold shares in Tutor Perini Corp (TPC), with institutional investors hold 90.15% of the company’s shares. The shares outstanding are 52.43M, and float is at 43.67M with Short Float at 2.47%. Institutions hold 74.48% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 4.84 million shares valued at $105.5 million. The investor’s holdings represent 9.2985% of the TPC Shares outstanding. As of 2024-06-30, the second largest holder is DONALD SMITH & CO., INC. with 3.31 million shares valued at $72.03 million to account for 6.3485 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 2.56 million shares representing 4.9181% and valued at over $55.8 million, while MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. holds 4.8416 of the shares totaling 2.52 million with a market value of $54.93 million.
Tutor Perini Corp (TPC) Insider Activity
The most recent transaction is an insider sale by ONEGLIA RAYMOND R, the company’s Director. SEC filings show that ONEGLIA RAYMOND R sold 100,000 shares of the company’s common stock on Nov 21 ’24 at a price of $28.82 per share for a total of $2.88 million. Following the sale, the insider now owns 0.3 million shares.
Tutor Perini Corp disclosed in a document filed with the SEC on Nov 20 ’24 that ONEGLIA RAYMOND R (Director) sold a total of 100,000 shares of the company’s common stock. The trade occurred on Nov 20 ’24 and was made at $28.73 per share for $2.87 million. Following the transaction, the insider now directly holds 0.4 million shares of the TPC stock.
Still, SEC filings show that on Nov 22 ’24, ONEGLIA RAYMOND R (Director) disposed off 50,000 shares at an average price of $28.68 for $1.43 million. The insider now directly holds 250,000 shares of Tutor Perini Corp (TPC).
