Tutor Perini Secures $35.8M Contract for New Facility
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 11 2025
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Tutor Perini Corporation announced that its subsidiary, Perini Management Services, has been awarded a contract valued at approximately $35.8M by the U.S. Army Corps of Engineers, Omaha District, for the construction of a new Tool and Die Facility at the Iowa Army Ammunition Plant in Middletown, IA. The new Tool and Die facility will include approximately 56,000 square feet of industrial space. The project includes site development, utilities, and infrastructure; structural steel and concrete systems; architectural finishes; heating, ventilation and air conditioning, plumbing, and fire protection systems; electrical distribution and lighting; a facility-scale solar photovoltaic system; telecommunications and electronic security systems; and installation of overhead bridge cranes. The facility is designed to meet LEED Silver certification and includes commissioning of major systems to ensure performance and sustainability. The project also includes the relocation of existing equipment from the current facility. Work commenced in November 2025 with substantial completion anticipated in June 2027. The contract value was added to the company's backlog in the third quarter of 2025.
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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 90.50 USD with a low forecast of 86.00 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.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 79.380
Low
86.00
Averages
90.50
High
95.00
Current: 79.380
Low
86.00
Averages
90.50
High
95.00
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.
Tutor Perini (TPC) Initiates $0.06 Quarterly Dividend Amid Record Cash Flow and Share Repurchase
- Dividend Initiation: Tutor Perini announced a $0.06 quarterly dividend starting November 18, 2025, with the first payment on December 23, 2025, marking a significant turnaround after three years of net losses, as the company expects to report a profit of $4.10 per share for 2025.
- Cash Flow Innovation: By Q3 2025, Tutor Perini achieved record year-to-date operating cash flow of $574.4 million, supported by a historic backlog of $21.6 billion, indicating robust business recovery and future growth potential.
- Share Repurchase Program: The company also announced a $200 million share repurchase program aimed at enhancing earnings per share by reducing the number of outstanding shares, thereby boosting investor confidence and driving stock price appreciation.
- Enhanced Industry Position: As one of the largest general contractors in the U.S., Tutor Perini's dividend policy not only attracts momentum investors but may also provide greater market share and capital inflow in the highly competitive construction industry.
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Tutor Perini Secures $53 Million Design Change Order for Honolulu Rail Project
- Project Expansion: Tutor Perini has been awarded a design change order valued at approximately $53 million, authorizing design work for the City Center Guideway and Stations Project in Honolulu, which extends the existing rail line to connect Kakaʻako and Ala Moana.
- Potential Funding Upside: The total contract value could increase significantly if the Honolulu Authority for Rapid Transportation secures additional funding and decides to proceed with construction towards Ala Moana, positioning the company for further work.
- Transit Improvement Initiative: This project is part of Honolulu's broader rail transit development aimed at enhancing connectivity between urban neighborhoods and major commercial areas, thereby improving overall transportation efficiency.
- Company Background: Founded in 1894, Tutor Perini is a diversified civil, building, and specialty construction company recognized for delivering large, complex projects while adhering to strict safety and quality standards, providing general contracting and design-build services to public agencies and private customers worldwide.
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