A Look at Tutor Perini’s (TPC) Valuation Following Major New South Florida Contract Wins

Tutor Perini (TPC) has landed new contracts totaling $154.6 million across several high-profile South Florida projects. This has prompted fresh interest from investors and expanded the company’s Q3 backlog with long-term opportunities.

See our latest analysis for Tutor Perini.

Following the surge of new contracts and fresh investor attention, Tutor Perini's share price has skyrocketed, delivering a stunning 187% year-to-date return and a 44% gain in the last three months. Over the past year, its total shareholder return has reached an impressive 161%, showing that momentum is very much still in play.

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But with the share price already soaring following these contract wins, the key question now is whether Tutor Perini remains undervalued, or if the market has already priced in all the company’s forward growth potential.

Most Popular Narrative: 7.5% Undervalued

Tutor Perini's most popular narrative suggests a fair value of $75 per share. Compared to the last close of $69.34, this implies there may still be upside. The story centers on the strength of the company’s backlog and high expectations for future earnings growth, setting the scene for a closer look at the data driving the bullish outlook.

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, favorably impacting both future revenue and long-term earnings growth.

Read the complete narrative.

Want to know why this high conviction matters? The entire fair value hinges on an aggressive growth pathway, future profit margins, and a profit target that might surprise you. See what projections and strategic bets power this forecast. If you think you've seen ambitious before, you haven't looked under the hood of this narrative.

Result: Fair Value of $75 (UNDERVALUED)

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

However, persistent legacy cost overruns or delays on new mega-projects could quickly reverse optimism and threaten Tutor Perini's strong growth momentum.

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

Build Your Own Tutor Perini Narrative

If you'd rather dig into the details yourself, you can quickly explore the numbers and shape your own perspective 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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