Assenagon Asset Management S.A. Cuts Stake in Tutor Perini Co. (NYSE:TPC)
April 5, 2023
Trending News ☀️
It has recently been reported that Assenagon Asset Management S.A. has cut its stake in Tutor Perini ($NYSE:TPC) Co. (NYSE:TPC). Tutor Perini is an American construction company in civil infrastructure, building and specialty construction. Additionally, Tutor Perini operates internationally and provides services such as heavy civil and marine construction, vertical construction, and manufacturing operations.
Price History
On Friday, shares of Tutor Perini Co. (NYSE:TPC) opened at $6.0 and closed at $6.2, up by 3.7% from the last closing price of $6.0. Despite this news, Tutor Perini Co. was able to close up on the day, potentially due to investors seeing value in the company’s stock despite the reduced stake. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tutor Perini. More…
| Total Revenues | Net Income | Net Margin |
| 3.79k | -210.01 | -5.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tutor Perini. More…
| Operations | Investing | Financing |
| 206.97 | -65.64 | -78.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tutor Perini. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.54k | 3.1k | 28.14 |
Key Ratios Snapshot
Some of the financial key ratios for Tutor Perini are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -5.2% | 5.7% | -5.3% |
| FCF Margin | ROE | ROA |
| 3.9% | -8.4% | -2.7% |
Analysis
As GoodWhale, we conducted an analysis of TUTOR PERINI‘s fundamentals. Our analysis showed TUTOR PERINI to be classified as an ‘elephant’, a type of company that is rich in assets after deducting off liabilities. This makes it an attractive option for investors who are looking for a safe, long-term investment. Our star chart also provided further insight into TUTOR PERINI’s strengths and weaknesses. We found that the company is strong in asset, medium in asset and weak in dividend, growth and profitability. However, with an intermediate health score of 6/10 considering its cashflows and debt, TUTOR PERINI is likely to be able to safely ride out any crisis without the risk of bankruptcy. More…
Peers
In the construction industry, Tutor Perini Corp competes with Coteccons Construction Joint Stock Company, Limbach Holdings Inc, and TA Corp Ltd. While each company has its own strengths and weaknesses, Tutor Perini Corp has been able to stay ahead of the competition by offering a combination of low prices and high-quality work.
– Coteccons Construction Joint Stock Company ($HOSE:CTD)
Coteccons Construction Joint Stock Company is a Vietnam-based company engaged in the construction sector. The Company’s main businesses include general contracting, investment, design and construction of civil, industrial, infrastructure and commercial works, as well as real estate trading and development. As of December 31, 2011, the Company had a workforce of approximately 25,000 employees.
– Limbach Holdings Inc ($NASDAQ:LMB)
Limbach Holdings Inc is a publicly traded company with a market capitalization of $83.16 million as of 2022. The company has a return on equity of 10.16%. Limbach Holdings Inc is engaged in the design, engineering, construction, and service of HVAC and mechanical, electrical, and plumbing systems for the commercial, industrial, and institutional markets.
– TA Corp Ltd ($SGX:PA3)
Euronet Worldwide Inc. is a leading provider of electronic payments and transaction processing solutions. The company offers a comprehensive suite of products and services for consumer and business-to-business transactions, including electronic funds transfer, point-of-sale, ATM, money transfer, prepaid processing, card issuing and merchant acquiring. Euronet serves financial institutions, retailers, service providers and individual consumers in over 160 countries.
Euronet’s market cap is $35.75 million, and its ROE is -1.46%. The company offers a wide range of products and services for consumer and business-to-business transactions. It has a strong presence in over 160 countries.
Summary
Tutor Perini Corporation (NYSE: TPC) is a leading civil and building construction company. For investors interested in investing in TPC, it is important to note the recent news may be indicative of the market’s sentiment towards the stock. This can be seen as confirmation of a shift in the investor’s perception of the company. Furthermore, it is important to examine the company’s fundamentals and financials to assess if the current stock price is reflective of the company’s long-term financial health.
Additionally, investors should compare TPC’s performance with its peers to further assess the company’s potential.
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