TUTOR PERINI CORP (NYSE:TPC) – A Strong Technical Setup with High Growth Potential

TUTOR PERINI CORP (NYSE:TPC) has been identified by our stock screener as a candidate that fits both Mark Minervini’s Trend Template and high-growth momentum criteria. The stock exhibits strong technical trends and improving fundamentals, making it an interesting prospect for growth-focused investors.

Why TPC Fits the Minervini Trend Template

The Minervini Trend Template focuses on stocks in strong uptrends with clear technical strength. TPC meets several key criteria:

• Price Above Key Moving Averages: The stock is trading above its 50-day ($42.24), 150-day ($30.06), and 200-day ($29.48) moving averages, confirming a bullish trend.
• Upward-Sloping Moving Averages: The 50-day MA is above both the 150-day and 200-day MAs, while the 150-day MA is above the 200-day MA—a sign of sustained momentum.
• Strong Relative Strength: With a ChartMill Relative Strength (CRS) score of 97.03, TPC outperforms 97% of all stocks in the market.
• Price Near 52-Week High: At $48.51, TPC is within 7% of its 52-week high ($51.98) and has surged 86% over the past year.

High Growth Momentum Indicators

Beyond technical strength, TPC shows signs of accelerating growth:

• Revenue Growth: Quarterly sales growth (Q2Q) stands at 18.8%, with full-year revenue up 11.5%. Analysts have raised next-year revenue estimates by 2.4% over the past three months.
• Earnings Rebound: While EPS (TTM) remains negative (-$2.88), recent quarterly EPS growth surged 76.7%, signaling a potential turnaround.
• Free Cash Flow Expansion: FCF per share has grown by 783% year-over-year, reflecting improved operational efficiency.
• Upward Revisions: EPS estimates for next year have been revised upward by 10.9% in the last three months, indicating improving sentiment.

Technical Outlook

According to ChartMill’s technical report, TPC scores 9 out of 10 on technical health, with both short-term and long-term trends positive. The stock is trading near the upper end of its recent range ($43.18 - $51.98), with support around $47.87-$48.50. While the setup rating is currently 5 out of 10, suggesting some volatility, the strong trend makes it worth monitoring for consolidation before a potential breakout.

For a deeper technical breakdown, review the full technical analysis report for TPC.

Our High Growth Momentum + Trend Template screener lists more stocks with similar characteristics and is updated daily.

Disclaimer

This is not investment advice. The observations are based on current data, but market conditions can change. Always conduct your own research before making investment decisions.