Tutor Perini Corporation
In the published model solve dated 2026-Q2, anchored at $84.51, Tutor Perini Corporation (TPC) is priced for today's economics sustained for ~7.3 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 11, 2026 from SEC EDGAR filings.
• Tutor Perini carries a $19.8 billion backlog, roughly three and a half years of revenue, into an infrastructure cycle, and its cash is arriving before its earnings: trailing free cash flow of $703M is a 17.2% yield on the market value, while trailing GAAP net income is just $0.08B [Source: Q1 2026 earnings release, May 6, 2026]. • The risk is that the price already spends the backlog: at 52.2x trailing earnings, today's level embeds growth near the company's self-funding ceiling for about six
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322 institutional managers reported holding TPC in 13F filings for the quarter ended 2026-03-31. Together they hold about 75% of the company; the top 10 hold 35%. 56 opened new positions that quarter. Held by BlackRock, Vanguard Group, Dimensional Fund Advisors, among others. On the short side, 2.1M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (4.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
TPC's share count grew 3.4% over the past five years even with $20.13M spent on repurchases. It pays a dividend; the current rate is $0.06 a share annually. Cash returned over the past three years: $3.29M in dividends and $20.13M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at TPC over the trailing three years: 2025: 5 buys totaling $2.87M; 2026: 7 buys totaling $2.56M. 15 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
TPC's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | -3.9% | -5.8% |
| 2023-11-10 | -3.2% | +20.1% |
| 2024-02-29 | +25.1% | +53.5% |
| 2024-04-26 | +27.8% | +22.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
TPC's latest 8-K filings: 2026-08-05 (items 2.02, 9.01); 2026-07-06 (items 1.01, 2.03, 8.01, 9.01); 2026-06-22 (items 7.01, 9.01); 2026-05-26 (items 5.02, 5.07); 2026-05-06 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 11, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.