Tutor Perini Secures $53M Change Order for Honolulu Rail Extension
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Newsfilter
- Significant Order Awarded: Tutor Perini Corporation has been awarded a change order valued at approximately $53 million for the design of the rail segment connecting Kaka'ako to Ala Moana, significantly enhancing the company's involvement in Hawaiian infrastructure projects.
- Project Expansion Potential: Should the Honolulu Authority for Rapid Transportation secure additional funding and opt to extend construction, the total contract value for Tutor Perini could increase substantially, thereby strengthening its market position in large-scale infrastructure projects.
- Established Company Background: Since 1894, Tutor Perini has provided diversified construction services, establishing a strong market reputation through the successful execution of complex projects, which further solidifies its industry leadership.
- Comprehensive Service Capabilities: The company not only offers general contracting and design-build services but also self-performs multiple project components, including earthwork, concrete placement, and HVAC systems, showcasing its comprehensive strength in the construction industry.
TPC
$69.06+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
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 68.930
Low
85.00
Averages
88.67
High
95.00
Current: 68.930
Low
85.00
Averages
88.67
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.
