A Look at Tutor Perini (TPC) Valuation Following Recent Share Price Momentum

Tutor Perini (TPC) shares are drawing interest after recent trading, with the stock posting an 8% gain over the past month. Investors are keeping an eye on these moves, considering what may be driving sentiment in the capital goods sector.

See our latest analysis for Tutor Perini.

Tutor Perini’s share price has surged 181% year-to-date, with the latest advance reinforcing an impressive run that has also delivered a 124% total shareholder return over the past year. This kind of persistent momentum suggests the market’s outlook for the company is turning more optimistic, likely on hopes of renewed growth or fading concerns over risk.

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But with the share price now near recent highs, the real question for investors is whether Tutor Perini remains undervalued or if the stock’s strong run has already captured all the expected future growth.

Most Popular Narrative: 9.4% Undervalued

With Tutor Perini's narrative fair value set at $75 and the current price around $67.92, the market is closing in on analyst consensus, yet there's still upside that some believe hasn't been fully recognized. The next part of the story could reshape expectations for this construction heavyweight.

Record backlog growth, now at an all-time high of $21.1 billion (up 102% YoY), provides strong visibility and multi-year revenue predictability as a series of major projects ramp up over the next several years.

Sustained federal and state infrastructure funding, particularly for large-scale transit and civil projects (Midtown Bus Terminal, Sepulveda Transit Corridor, Indo-Pacific Defense contracts), is fueling robust project pipeline expansion and is favorably impacting both future revenue and long-term earnings growth.

Read the complete narrative.

Curious what underpins this valuation? The entire case leans on future cash flows unlocked by historic project wins. Discover the crucial assumptions driving forecasts and why this narrative believes Tutor Perini could outperform for years. Details are available in the full breakdown.

Result: Fair Value of $75 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, persistent cost overruns or setbacks on major projects could still threaten Tutor Perini’s earnings outlook and challenge the optimistic narrative.

Find out about the key risks to this Tutor Perini narrative.

Build Your Own Tutor Perini Narrative

If you see the story differently or want to dig deeper yourself, you can put together your own view of Tutor Perini’s trajectory in just a few minutes: Do it your way

A great starting point for your Tutor Perini research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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