Tutor Perini Corporation
In the published model solve dated 2026-Q2, anchored at $83.26, Tutor Perini Corporation (TPC) is priced for +24.2% growth. 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: 2026-11-04 (items 2.02, 9.01); 2026-10-13 (items 5.02); 2026-08-14 (items 5.02); 2026-08-05 (items 2.02, 9.01); 2026-07-06 (items 1.01, 2.03, 8.01, 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.