Why Tutor Perini Corp’s (TPC) Stock Is Down 6.15%

By AAII Staff
April 30, 2024
Featured Tickers:
TPC

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Tutor Perini Corp before investing.

In this article, we go over a few key elements for understanding Tutor Perini Corp’s stock price such as:

  • Tutor Perini Corp’s current stock price and volume
  • Why Tutor Perini Corp’s stock price changed recently
  • Upgrades and downgrades for TPC from analysts
  • TPC’s stock price momentum as measured by its relative strength

About Tutor Perini Corp (TPC)

Before we jump into Tutor Perini Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Tutor Perini Corporation is a construction company offering general contracting, construction management, and design-build services to private customers and public agencies across the world. The Company's Civil segment specializes in public works construction and the replacement and reconstruction of infrastructure across several geographic regions of the United States. The Building segment provides services to specialized building markets for private and public works customers, including hospitality and gaming, transportation, health care, commercial offices, government facilities, sports and entertainment, education, correctional facilities, biotech, and many others. The Company’s Specialty Contractors segment specializes in electrical, mechanical, plumbing, heating, ventilation, and air conditioning (HVAC) and fire protection systems for a range of civil and building construction projects in the industrial, commercial, hospitality and gaming, and mass-transit end markets.

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Tutor Perini Corp’s Stock Price as of Market Close

As of April 30, 2024, 4:00 PM, CST, Tutor Perini Corp’s stock price was $16.63.

Tutor Perini Corp is down 6.15% from its previous closing price of $17.72.

During the last market session, Tutor Perini Corp’s stock traded between $17.14 and $18.18. Currently, there are 52.09 million shares of Tutor Perini Corp stock available for purchase.

Unfortunately, Tutor Perini Corp’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Tutor Perini Corp Stock Price History

Tutor Perini Corp’s (TPC) price is currently up 15.01% so far this month.

During the month of April, Tutor Perini Corp’s stock price has reached a high of $18.18 and a low of $13.15.

Over the last year, Tutor Perini Corp has hit prices as high as $18.18 and as low as $4.90. Year to date, Tutor Perini Corp’s stock is up 120.26%.

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What Caused Tutor Perini Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of April 29, 2024, there was 1 analyst who downgraded Tutor Perini Corp’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Tutor Perini Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Tutor Perini Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Tutor Perini Corp’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Tutor Perini Corp (TPC) by visiting AAII Stock Evaluator.

Relative Price Strength of Tutor Perini Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of April 29, 2024, Tutor Perini Corp has a weighted four-quarter relative price strength of 44.90%, which translates to a Momentum Score of 97 and is considered to be Very Strong.

Want to learn more about how Tutor Perini Corp is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Tutor Perini Corp Stock Price: Bottom Line

As of April 30, 2024, Tutor Perini Corp’s stock price is $16.63, which is down 6.15% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Tutor Perini Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.

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