Chart Of The Day: Tutor Perini - Profits In Construction

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The Chart of the Day belongs to the engineering and construction company Tutor Perini (TPC). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 4 /26 the stock gained 16.87%.

TPC Price vs Daily Moving Averages

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction and the replacement and reconstruction of infrastructure; and offers contracting services, including construction and rehabilitation of highways, bridges, tunnels, mass-transit systems, military defense facilities, and water management and wastewater treatment facilities, as well as provides drilling, foundation, and excavation support for shoring, bridges, piers, roads, and highway projects. The Building segment offers range of services in various specialized building markets, such as hospitality and gaming, transportation, health care, commercial offices, government facilities, sports and entertainment, education, correctional and detention facilities, biotech, pharmaceutical, industrial, and technology. The Specialty Contractors segment provides electrical, mechanical, plumbing, and fire protection systems, as well as heating, ventilation, and air conditioning services (HVAC) for civil and building construction projects in industrial, commercial, hospitality and gaming, and mass-transit end markets. It also offers pre-construction planning and project management services comprising planning and scheduling of the manpower, equipment, materials, and subcontractor services; and self-performed construction services consisting of site work, concrete forming and placement, and steel erection. The company was formerly known as Perini Corporation and changed its name to Tutor Perini Corporation in May 2009. Tutor Perini Corporation was founded in 1894 and is headquartered in Sylmar, California.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
 

Barchart Technical Indicators:

  • 100% technical buy signals
  • 212.15+ Weighted Alpha
  • 246.50% gain in the last year
  • Trend Seeker buy signal
  • Above its 20, 50, and 100-day moving averages
  • 12 new highs and up 53.77% in the last month
  • Relative Strength Index 80.65%
  • Technical support level at $20.08
  • Recently traded at $20.89 with 50-day moving average of $15.78
     

Fundamental Factors:

  • Market Cap $1.09 billion
  • Revenue is expected to grow 18.00% this year and another 8.80% next year
  • Earnings are estimated to increase 133.30% this year, an additional 50.00% next year, and continue to compound at an annual rate of 10.00% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

  • Wall Street analysts issued 2 strong buy, 5 buy, and 2 hold recommendations
  • Analysts have price targets from $14 to $17
  • Value Line has the stock rated its above average rating of 2 with a price target between $20 and $35
  • CFRAs MarketScope has a  strong buy rating
  • MorningStar gives the stock an average 3 star rating with a Fair Value of $25.02 that's about an 18% discount to today's close
  • 3,650 investors monitor the stock on Seeking Alpha

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Disclosure: On the date of publication, Jim Van Meerten did not have (either directly or ...

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