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/TPC
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Tutor Perini Corp

Tutor Perini Corp

TPC
$78.62USD↓-0.34%-0.27 today

MARKET CAP

4.1B

P/E (TTM)

38.9x

FWD P/E

13.5x

DAY RANGE

$75 – $79

52W RANGE

$44
$100

AI Summary

Stalk
TrimMedium

TPC remains in a Stage 4 decline with sequential lower highs and lower lows, and short-term EMAs sloping down acting as resistance. The medium-term directional bias is bearish, supported by heavy down-volume on sell-offs and muted buying on rallies. Short-term execution readiness is neutral as price consolidates around the 9- and 21-EMA zone without clear continuation. Optimal engagement is to defer and trim into rallies toward the EMA resistance band while preserving remaining exposure, acknowledging the intact long-term uptrend but guarding against further losses.

  • ↑Q3 revenue +31% YoY to $1.42B; backlog hit $21.6B.
  • ↑Record Q3 operating cash flow of $289M; net cash > debt by $404M.
  • ↓Negative book-to-price and high short interest signal valuation stress.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Tutor Perini Corporation (NYSE: TPC) is a leading general contractor in the construction sector, specializing in civil, building, and specialty contracting services. With a robust backlog of approximately $19.8 billion, the company is well-positioned to capitalize on ongoing infrastructure developments, particularly in the Northeast and California, as well as military projects spurred by U.S. initiatives in the Indo-Pacific region. Tutor Perini operates in a market characterized by significant federal and state funding aimed at revitalizing infrastructure, making it a crucial player in the industry.

Bull says

  • ↑Q3 revenue +31% YoY to $1.42B; backlog hit $21.6B.
  • ↑Record Q3 operating cash flow of $289M; net cash > debt by $404M.
  • ↑Operating income jumped 89% to $76M, driven by high-margin projects.
  • ↑Selective bidding strategy targets lucrative contracts with limited competition.
  • ↑2026 adjusted EPS guidance raised to $4.90–$5.30 on backlog strength.
  • ↑Strong earnings yield, positive momentum and low leverage underpin stability.

Bear says

  • ↓Negative book-to-price and high short interest signal valuation stress.
  • ↓Legal disputes risk ~$175M in charges and ongoing uncertainty.
  • ↓Rising material costs and inflation in NY may erode margins.
  • ↓Execution risk from lower bid win rates and rising capex.
  • ↓Regional saturation and heightened competition threaten backlog consistency.
  • ↓High volatility and soft analyst revisions amplify downside risk.

Investment themes with TPC

Infrastructure Development↑ +0.48%

DE · HWM · TT

Earnings Call · Q1 2025 · Mgmt. Guidance

Updated 06-01-2026bullish

Transcript signals

Bull points

  • If we are successful, this will add substantially to our existing record backlog.
  • the most significant upcoming project opportunities include the $12 billion Sepulveda Transit Corridor, the $3.8 billion Southeast Gateway Line, the $1 billion North Valley Rail Project, the $900 million Foothill Gold Line light rail project, all of which, by the way, are in California, and the $1.8 billion South Jersey light rail Glassboro to Camden line in New Jersey.
  • I continue to work with Gary and our operations executives to help ensure that our newer major projects, including the Brooklyn project, and Manhattan Jails, the Honolulu Rail Transit Line, the Kensico and Manhattan Tunnels, the Apra Harbor Breakwater, and the Newark Air Train are properly set up to maximize the likelihood of success.

Bear points

  • Building segment income from construction operations was $10 million in the first quarter of 2025 compared to $16 million last year, with the decrease primarily due to the absence of a prior year immaterial favorable adjustment that resulted from a legal ruling related to a completed hospitality and gaming project.
Read full transcript analysis ›