Tutor Perini Corporation (TPC)

In November 2025, Tutor Perini reported strong third-quarter results, raised its EPS guidance, initiated a dividend, and announced a share repurchase program. In December 2025, the company announced several significant project awards. In February 2026, Tutor Perini reported strong fourth-quarter and full-year results and declared a quarterly dividend. In March 2026, S&P Global Ratings upgraded Tutor Perini's credit rating. In May 2026, Tutor Perini reported its first-quarter results, which included record operating cash flow and an increase in revenue, but revenue fell slightly short of analyst expectations due to project timing and seasonality.

The demand for Tutor Perini's products and services is subject to seasonality. Construction activity typically peaks during the warmer months and slows down during colder months. Market trends, economic factors, and client budgets also influence demand fluctuations. The Civil segment often experiences a slower first quarter due to typical seasonality.

Tutor Perini Corporation is a leading construction company providing diversified services to private and public sectors. It operates in civil, building, and specialty construction segments, self-performing key construction tasks.

Tutor Perini Corporation operates across the United States and in selected overseas locations, with a significant presence in major U.S. regions and the Indo-Pacific region. The company is headquartered in Sylmar, California, with other principal office locations throughout the United States and certain U.S. territories.

Tutor Perini has a long-standing reputation for executing large, complex construction projects on time and within budget, adhering to safety and quality standards. The company is consistently ranked among the top contractors by Engineering News-Record (ENR). An unfavorable adjustment on a mass-transit project in California and a jump in stock-based pay raised concerns about execution and future margins.

Tutor Perini Corporation's ownership is a mix of institutional and individual investors. Key institutional shareholders include BlackRock, Inc., Vanguard Group Inc, Donald Smith & Co., Inc., Dimensional Fund Advisors Lp, American Century Companies Inc, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., Fred Alger Management, Llc, Geode Capital Management, Llc, First Trust Advisors Lp, and State Street Corp. Ronald N. Tutor is the largest individual shareholder.