Tutor Perini Corporation TPC was a big mover last session, as the company saw its shares rise over 5% on the day. Shares gained after the company announced that its subsidiary, Tutor Perini Building Corp., has received an extension to its contract to build Fort Lauderdale-Hollywood International Airport’s Terminal 4 Federal Inspection Services Expansion. The news led to far more shares changing hands than in a normal session resulting in solid volume. This continues the recent uptrend for the company as the stock is now up 43.5% in the past one-month time frame.
The company has seen three positive revisions in the past one month, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for this stock. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Tutor Perini currently sports a Zacks Rank #1 (Strong Buy), while its Earnings ESP is positive.
Another favorably placed stock in the same industry is Dycom Industries Inc. DY, with the same Zacks Rank as Tutor Perini.
Is TPC going up? Or down? Predict to see what others think: Up or Down
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