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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 $16.2 million.
  • TPC has traded 1.2 million shares today.
  • TPC is trading at 12.60 times the normal volume for the stock at this time of day.
  • TPC is trading at a new high 3.05% 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:

TheStreet Recommends

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 21. 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 323,300 shares per day over the past 30 days. Tutor Perini has a market cap of $1.1 billion and is part of the industrial goods sector and materials & construction industry. The stock has a beta of 2.14 and a short float of 7.9% with 4.33 days to cover. Shares are up 31.4% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Tutor Perini as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, solid stock price performance and increase in net income. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 9.3%. Since the same quarter one year prior, revenues slightly increased by 1.8%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The current debt-to-equity ratio, 0.57, is low and is below the industry average, implying that there has been successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.13, which illustrates the ability to avoid short-term cash problems.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Construction & Engineering industry. The net income increased by 200.4% when compared to the same quarter one year prior, rising from $5.13 million to $15.40 million.

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