What Happened?
Shares of general contracting company Tutor Perini (NYSE: TPC) jumped 5.4% in the afternoon session after investor optimism grew following positive analyst commentary regarding the company's outlook for improved profitability and growth.
Analysts noted the company was positioned for better profits as it worked to turn its higher-margin backlog into revenue. Projections also pointed to consistent operating profit growth extending into 2026. This view was supported by a strong performance in the first quarter of 2025, which featured solid revenue and backlog expansion across all of its business segments. Reflecting this positive outlook, the stock carried a "Strong Buy" consensus rating from analysts.
The shares closed the day at $74.24, up 5.3% from previous close.
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What Is The Market Telling Us
Tutor Perini’s shares are very volatile and have had 21 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 24 days ago when the stock gained 2.9% on the news that the company announced two significant contract awards through its subsidiary, Rudolph and Sletten, bolstering its project backlog.
The first contract, valued at approximately $155 million, was for the construction of the Diego Rivera Performing Arts Center at the City College of San Francisco. The second award was a $108 million contract from UC Davis Health to expand the Central Utility Plant at its Sacramento campus. These wins reinforced the company's strong track record in securing high-value projects and added to its already growing backlog, which reached a new high of $21.6 billion at the end of the third quarter of 2025. The new projects supported the company's long-term revenue visibility.
Tutor Perini is up 7.1% since the beginning of the year, and at $74.24 per share, has set a new 52-week high. Investors who bought $1,000 worth of Tutor Perini’s shares 5 years ago would now be looking at an investment worth $4,620.
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