Tutor Perini

TPC-N

NYSE:TPC

15.73
0.16 (1.01%)
Tutor Perini Corporation is one of the largest general contractors in the United States. At the end of 2013 it reported an annual revenue of approximately $4.2 billion.
More at Wikipedia

Analysis and Opinions about TPC-N

Signal
Opinion
Expert
HOLD
HOLD
June 26, 2019
Buying when a stock has gone up. Be careful about buying more when a stock has gone up -- that means buying higher, when the value is dropping. How you invest should be like a producer of widgets. Create a business plan and rules based on circumstances and follow them. Specifically, TPC-N has seen its infrastructure projects be negatively impacted by weather delays. Their book to bill is about 3 times -- showing there are a lot projects in the hopper. He expects their earnings to improve over time. He still likes the company.
Tutor Perini (TPC-N)
June 26, 2019
Buying when a stock has gone up. Be careful about buying more when a stock has gone up -- that means buying higher, when the value is dropping. How you invest should be like a producer of widgets. Create a business plan and rules based on circumstances and follow them. Specifically, TPC-N has seen its infrastructure projects be negatively impacted by weather delays. Their book to bill is about 3 times -- showing there are a lot projects in the hopper. He expects their earnings to improve over time. He still likes the company.
Gordon Reid
President, GoodReid Investment Counsel
Price
$12.830
Owned
Unknown
COMMENT
COMMENT
February 6, 2019
It's been frustrating. It should be valued much higher, trading at a single-digit multiple with more business coming in and a long runway. They do large-scale construction like airports and bridges. The opportunity may lie in the US Congress which may pass an infrastructure bill--infrastructure which is failing and needs an upgrade.
Tutor Perini (TPC-N)
February 6, 2019
It's been frustrating. It should be valued much higher, trading at a single-digit multiple with more business coming in and a long runway. They do large-scale construction like airports and bridges. The opportunity may lie in the US Congress which may pass an infrastructure bill--infrastructure which is failing and needs an upgrade.
Gordon Reid
President, GoodReid Investment Counsel
Price
$16.360
Owned
Yes
HOLD
HOLD
July 17, 2018

It's traded off recently, which is a mystery to him. They're in construction of large projects, like airports. They trade at half-book, a low multiple. Stay with it and be patient. It'll return to the $20's soon.

Tutor Perini (TPC-N)
July 17, 2018

It's traded off recently, which is a mystery to him. They're in construction of large projects, like airports. They trade at half-book, a low multiple. Stay with it and be patient. It'll return to the $20's soon.

Gordon Reid
President, GoodReid Investment Counsel
Price
$18.050
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
November 10, 2017

(A Top Pick Nov 30/16. Down 7%.) In engineering and building business. A very large construction company that does airports, highways and major government building projects. Feels they are a victim of the infrastructure promise that really hasn’t materialized. Just reported, and it wasn’t a very good report. They have $7.5 billion of projects on the books. This is still a Hold.

Tutor Perini (TPC-N)
November 10, 2017

(A Top Pick Nov 30/16. Down 7%.) In engineering and building business. A very large construction company that does airports, highways and major government building projects. Feels they are a victim of the infrastructure promise that really hasn’t materialized. Just reported, and it wasn’t a very good report. They have $7.5 billion of projects on the books. This is still a Hold.

Gordon Reid
President, GoodReid Investment Counsel
Price
$24.200
Owned
Yes
PAST TOP PICK
PAST TOP PICK
November 30, 2016

(A Top Pick Nov 27/15. Up 41.23%.) A good infrastructure play. This is a commercial and civil builder. They do bridges, roads, airports.

Tutor Perini (TPC-N)
November 30, 2016

(A Top Pick Nov 27/15. Up 41.23%.) A good infrastructure play. This is a commercial and civil builder. They do bridges, roads, airports.

Gordon Reid
President, GoodReid Investment Counsel
Price
$26.100
Owned
Yes
TOP PICK
TOP PICK
November 30, 2016

This has a $6.7 billion backlog, which represents about 1.5 years of revenue, and it is only going to increase because all of these infrastructure programs are going to be out for tender and they have already geared up. They are one of the main players in this arena. (Analysts’ price target is $29.)

Tutor Perini (TPC-N)
November 30, 2016

This has a $6.7 billion backlog, which represents about 1.5 years of revenue, and it is only going to increase because all of these infrastructure programs are going to be out for tender and they have already geared up. They are one of the main players in this arena. (Analysts’ price target is $29.)

Gordon Reid
President, GoodReid Investment Counsel
Price
$26.100
Owned
Yes
BUY
BUY
October 18, 2016

Commercial infrastructure company. A back log of twice their annual revenues. They have contracts on the book and will work through them. Infrastructure is important in the US.

Tutor Perini (TPC-N)
October 18, 2016

Commercial infrastructure company. A back log of twice their annual revenues. They have contracts on the book and will work through them. Infrastructure is important in the US.

Gordon Reid
President, GoodReid Investment Counsel
Price
$19.050
Owned
Yes
COMMENT
COMMENT
August 3, 2016

He is still positive on this, and it has done relatively well of late. Just reported, and earnings were a little bit soft, but it has had a very, very positive move since the early part of the year. The US’s infrastructure is wanting, whether it is roads and bridges, airports, etc. that they just haven’t poured the money in to refurbish and repair. This is one of the largest commercial construction companies, and should do well.

Tutor Perini (TPC-N)
August 3, 2016

He is still positive on this, and it has done relatively well of late. Just reported, and earnings were a little bit soft, but it has had a very, very positive move since the early part of the year. The US’s infrastructure is wanting, whether it is roads and bridges, airports, etc. that they just haven’t poured the money in to refurbish and repair. This is one of the largest commercial construction companies, and should do well.

Gordon Reid
President, GoodReid Investment Counsel
Price
$23.730
Owned
Yes
TOP PICK
TOP PICK
November 27, 2015

A big builder of projects and a general contractor. They do a lot of civil projects and domestic infrastructure build, so the government is a big customer. Almost 2 years of revenue backlog of $8 billion. A very well priced stock. Thinks they will earn over $2 a share in 2016.

Tutor Perini (TPC-N)
November 27, 2015

A big builder of projects and a general contractor. They do a lot of civil projects and domestic infrastructure build, so the government is a big customer. Almost 2 years of revenue backlog of $8 billion. A very well priced stock. Thinks they will earn over $2 a share in 2016.

Gordon Reid
President, GoodReid Investment Counsel
Price
$18.480
Owned
Yes
COMMENT
COMMENT
July 25, 2012
(Market Call Minute.) This is more speculative. Longer-term, very good so you might have to be patient with it.
Tutor Perini (TPC-N)
July 25, 2012
(Market Call Minute.) This is more speculative. Longer-term, very good so you might have to be patient with it.
Gordon Reid
President, GoodReid Investment Counsel
Price
$10.540
Owned
Yes
COMMENT
COMMENT
May 9, 2012
It will do very well, but getting the timing right is very tough because these are macro issues. Not a surprise to anyone that the infrastructure in the US is in need of some work and this company is well-positioned to take advantage of that. Valuation is very attractive but this is long-term and secular in nature.
It will do very well, but getting the timing right is very tough because these are macro issues. Not a surprise to anyone that the infrastructure in the US is in need of some work and this company is well-positioned to take advantage of that. Valuation is very attractive but this is long-term and secular in nature.
Gordon Reid
President, GoodReid Investment Counsel
Price
$12.010
Owned
No
PAST TOP PICK
PAST TOP PICK
February 15, 2012
(Top Pick Feb 2/11, Down 29.95%) Obviously he was wrong over the last year. He continues to hold it because it is just a matter of time until they have to build more roads.
Tutor Perini (TPC-N)
February 15, 2012
(Top Pick Feb 2/11, Down 29.95%) Obviously he was wrong over the last year. He continues to hold it because it is just a matter of time until they have to build more roads.
Gordon Reid
President, GoodReid Investment Counsel
Price
$16.250
Owned
Yes
TOP PICK
TOP PICK
February 2, 2011
One of the largest general contractors in the US and construction will pick up in the US over the longer term. Also building their civil operations out quite well. 5% of their revenues come from roads, bridges, etc. Trades at less than 10X earnings.
Tutor Perini (TPC-N)
February 2, 2011
One of the largest general contractors in the US and construction will pick up in the US over the longer term. Also building their civil operations out quite well. 5% of their revenues come from roads, bridges, etc. Trades at less than 10X earnings.
Gordon Reid
President, GoodReid Investment Counsel
Price
$23.400
Owned
Yes
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