Stock in Focus: Tutor Perini Corporation (TPC)

Company Profile:

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide. The company operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction, replacement, and reconstruction of infrastructure, including highways, bridges, tunnels, mass-transit systems, and water management and wastewater treatment facilities. The Building segment offers services in various specialized building markets, including hospitality and gaming, transportation, healthcare, commercial offices, government facilities, sports and entertainment, education, correctional facilities, biotech, pharmaceutical, industrial and high-tech. The Specialty Contractors segment provides electrical, mechanical, plumbing, fire protection systems, and pneumatically placed concrete services, as well as heating, ventilation, and air conditioning services for the industrial, commercial, hospitality and gaming, and mass-transit end markets. The company was formerly known as Perini Corporation and changed its name to Tutor Perini Corporation in 2009. Tutor Perini Corporation was founded in 1894 and is headquartered in Sylmar, California.

Recent News:

On June 15, 2018, the company announced that the Frontier-Kemper/Tutor Perini Joint Venture has received a notice of intent to award a contract from the Los Angeles County Metropolitan Transportation Authority for the Purple Line Extension Section 3 Tunnels Project.

For the three months ended March 31, 2018, the company reported that Revenue was $1,028.2 million compared to $1,117.4 million for the first quarter of last year. Based on the current backlog and market outlook, the Company is affirming its guidance for 2018, with diluted earnings per share (EPS) expected in the range of $1.90 to $2.30.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

TPC’s strengths can be seen in its better growth and strong efficienct compared with its peers. Its net income has increased over recent several years. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator. The RSI stands at 47.89 with positive bias. We rate Tutor Perini Corporation (TPC) a STRONG BUY.

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