Contract Awarded: Tutor Perini's subsidiary, Rudolph and Sletten, has been awarded a contract valued at approximately $155 million for the construction of the new Diego Rivera Performing Arts Center, indicating the company's ongoing growth in large public projects.
Project Scope: The project encompasses an approximately 78,000 square-foot building featuring a 631-seat main performing arts center and various classrooms, which is expected to enhance the quality and availability of local cultural facilities.
Construction Timeline: Work is expected to commence immediately with substantial completion anticipated in the fall of 2028, ensuring revenue growth for the company in the coming years while enhancing its competitive position in the market.
Backlog Addition: The contract value has been added to the company's backlog in the third quarter of 2025, further solidifying Tutor Perini's financial foundation and providing funding support for future projects.
TPC
$66.02+Infinity%1D
Analyst Views on TPC
Wall Street analysts forecast TPC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TPC is 88.67 USD with a low forecast of 85.00 USD and a high forecast of 95.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
Wall Street analysts forecast TPC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TPC is 88.67 USD with a low forecast of 85.00 USD and a high forecast of 95.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 69.460
Low
85.00
Averages
88.67
High
95.00
Current: 69.460
Low
85.00
Averages
88.67
High
95.00
UBS
NULL -> Buy
upgrade
$67 -> $86
2025-11-06
Reason
UBS
Price Target
$67 -> $86
2025-11-06
upgrade
NULL -> Buy
Reason
UBS raised the firm's price target on Tutor Perini to $86 from $67 and keeps a Buy rating on the shares.
B. Riley
Buy
maintain
$75 -> $95
2025-11-06
Reason
B. Riley
Price Target
$75 -> $95
2025-11-06
maintain
Buy
Reason
B. Riley raised the firm's price target on Tutor Perini to $95 from $75 and keeps a Buy rating on the shares following the Q3 report.
Texas Capital
Buy
initiated
$85
2025-09-24
Reason
Texas Capital
Price Target
$85
2025-09-24
initiated
Buy
Reason
Texas Capital initiated coverage of Tutor Perini with a Buy rating and $85 price target, pointing to its "mega-backlog" and improved balance sheet as growth catalysts.
Texas Capital
Alexander Rygiel
Buy
initiated
$85
2025-09-24
Reason
Texas Capital
Alexander Rygiel
Price Target
$85
2025-09-24
initiated
Buy
Reason
Texas Capital analyst Alexander Rygiel initiated coverage of Tutor Perini with a Buy rating and $85 price target. Decades of experience, along with its broad relationships with transit authorities and developers, position the company well for growth, the analyst tells investors in a research note. Tutor Perini has also dramatically improved its balance sheet profile, which should be the foundation for growth ahead, and the bulk of the company's material legacy disputes and litigation is in the past, the firm added.
About TPC
Tutor Perini Corporation is a civil, building and specialty construction company offering diversified general contracting and design-build services to private customers and public agencies throughout the world. Its Civil segment specializes in public works construction and the replacement and reconstruction of infrastructure. The contracting services provided by the Civil segment include construction and rehabilitation of highways, bridges, tunnels, mass-transit systems, and others. Its Building segment is engaged in providing services for private and public works customers in several specialized building markets, including hospitality and gaming, transportation, commercial offices, and government facilities, among others. Its Specialty Contractors segment specializes in electrical, mechanical, plumbing, HVAC and fire protection systems for a full range of civil and building construction projects in the industrial, commercial, hospitality and gaming, and mass-transit end markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
