Tutor Perini stock hits 52-week high at 44.0 USD

Tutor Perini Corp (NYSE:TPC) stock reached a 52-week high, hitting 44.0 USD. The construction services company, with a market capitalization of $2.28 billion and annual revenue of $4.52 billion, has shown remarkable momentum. According to InvestingPro analysis, the RSI suggests the stock is in overbought territory. This milestone marks a significant turnaround for the construction services company, which has seen its stock price surge by an impressive 97.45% over the past year. The strong performance reflects positive investor sentiment and possibly improved financial health or strategic developments within the company. While currently trading near Fair Value based on InvestingPro metrics, analysts expect the company to return to profitability this year. As Tutor Perini continues to navigate the market, stakeholders will be watching closely to see if this upward momentum can be sustained. Discover 14 additional key insights about TPC with an InvestingPro subscription.

In other recent news, Tutor Perini Corporation announced its first-quarter results for 2025, which significantly outperformed analysts’ expectations. The company’s earnings per share reached $0.53, a substantial increase from the forecasted $0.10, while revenue rose to $1.25 billion, surpassing the anticipated $1.06 billion. This marks a 19% year-over-year increase in revenue, highlighting the company’s strong performance across its business segments. Additionally, Tutor Perini reported a record backlog of $19.4 billion, up 94% from the previous year, indicating a robust project pipeline. The company also raised its 2025 earnings per share guidance to a range of $1.60 to $1.95, reflecting continued growth and profitability expectations. Management anticipates significant revenue increases in 2026 and peak revenues by 2027, driven by strategic project wins and a strong bidding pipeline. Despite potential challenges such as supply chain disruptions and macroeconomic pressures, the company remains confident in its ability to navigate these issues. Notably, Tutor Perini’s future outlook was further supported by the positive assessment from analysts at firms like UBS and Thompson Davis during the earnings call.

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