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Trade-Ideas LLC identified Tutor Perini ( TPC) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Tutor Perini as such a stock due to the following factors:

  • TPC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $4.1 million.
  • TPC has traded 133,511 shares today.
  • TPC is trading at 15.96 times the normal volume for the stock at this time of day.
  • TPC is trading at a new high 26.02% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on TPC: Tutor Perini Corporation provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide. It operates through three segments: Civil, Building, and Specialty Contractors. TPC has a PE ratio of 17. Currently there are 4 analysts that rate Tutor Perini a buy, no analysts rate it a sell, and none rate it a hold. The average volume for Tutor Perini has been 250,700 shares per day over the past 30 days. Tutor Perini has a market cap of $762.1 million and is part of the industrial goods sector and materials & construction industry. The stock has a beta of 2.09 and a short float of 8.2% with 14.76 days to cover. Shares are down 10.4% year-to-date as of the close of trading on Wednesday.

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TheStreet Recommends

TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Tutor Perini as a

hold

. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and poor profit margins. Highlights from the ratings report include:

  • Despite the weak revenue results, TPC has outperformed against the industry average of 19.9%. Since the same quarter one year prior, revenues slightly dropped by 0.1%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • Despite currently having a low debt-to-equity ratio of 0.58, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further. Regardless of the somewhat mixed results with the debt-to-equity ratio, the company's quick ratio of 1.08 is sturdy.
  • Net operating cash flow has significantly decreased to -$6.60 million or 107.61% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. When compared to other companies in the Construction & Engineering industry and the overall market, TUTOR PERINI CORP's return on equity is below that of both the industry average and the S&P 500.

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