Tutor Perini Corp Gives Security Holders the Power to Vote on Matters
May 26, 2023
Trending News ☀️
Tutor Perini ($NYSE:TPC) Corporation, a leading civil and building construction company, is giving its security holders the power to vote on matters submitted to them. Security holders are individuals or institutions who own stocks in the company and have the right to receive dividends or a share in the company’s profits. It is important to note that the voting result will only be binding if it is approved by a majority of the security holders. The company provides services to a wide variety of clients including government, energy, transportation, and building construction.
It has a strong presence in the United States and Canada and also operates in a number of other countries around the world. The company has established a solid reputation for quality workmanship and timely project completion. With solid financials and a strong balance sheet, security holders can be assured of an investment with staying power.
Stock Price
This announcement came after the company’s stock opened at $6.1 and closed at $6.0, up by 2.6% from its previous closing price of 5.8. As part of the announcement, Tutor Perini stated that it would be giving its security holders the right to vote on core matters such as the election of directors and any proposed mergers or acquisitions. This will give the company’s security holders more control over the management of their investments. The company also said that it was committed to upholding good corporate governance practices and transparency in all its activities. 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 |
| 3.61k | -237.57 | -6.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tutor Perini. More…
| Operations | Investing | Financing |
| 107.55 | -57.66 | -68.62 |
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 |
| 4.48k | 3.09k | 27.18 |
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 |
| -8.7% | 5.7% | -7.4% |
| FCF Margin | ROE | ROA |
| 1.2% | -11.8% | -3.8% |
Analysis
At GoodWhale, we conducted an assessment of TUTOR PERINI‘s wellbeing and found that it is a medium risk investment in terms of financial and business aspects, according to our Risk Rating. In our assessment of TUTOR PERINI, we detected 1 risk warnings in the balance sheet that could be a cause for concern. If you would like to know more about our findings and understand the specific risks associated with this investment, please register with us at goodwhale.com. We look forward to helping you make the most informed investment decisions. 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
Investors considering the TUTOR PERINI Corporation should be aware of the company’s submission of matters to a vote of its security holders. This could potentially lead to changes in the company’s ownership structure, capitalization, financial statements, and/or operations. Depending on the outcome of the vote, investors should conduct due diligence to determine the degree of risk associated with investing in TUTOR PERINI. This includes an analysis of the company’s financials, competitive position in the market, and management’s overall strategy. Other areas to consider include the company’s dividend history, debt levels, and its overall outlook.
Additionally, investors should stay aware of any new developments or changes related to the vote.
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