$TPC

Tutor Perini announced that Sidney Feltenstein, a board member and designee of Ronald N. Tutor, will resign effective October 30, 2026. The resignation follows a reduction in Ronald N. Tutor's beneficial ownership below 11.25%, as per a shareholders agreement. The board is expected to reduce its size after Feltenstein's departure, according to the company.

TUTOR PERINI CORP (TPC) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. In connection with the 2008 merger between Tutor-Saliba Corporation and Perini Corporation that formed Tutor Perini Corpor

Tutor Perini's subsidiary Fisk Electric won a $24M contract for a Houston data center, boosting its Specialty Contractors segment. The contract will be added to backlog in Q3 2026. GuruFocus values TPC at $37.11, 140% below its current $89.06, with a GF Score of 69/100. Insiders sold $218.9M in shares over 12 months.

Tutor Perini's Perini Management Services and Skanska won U.S. Coast Guard contracts worth $315M and $271M, respectively. Perini will build a fuel pier in Alaska, while Skanska will replace a homeport pier in Rhode Island. Both projects began recently and are expected to complete by 2030.

Tutor Perini's subsidiary PMSI won a $315M contract to build a fuel pier at USCG Base Kodiak, Alaska. The project is set for completion by September 2030 and will be added to Q3 2026 backlog. According to the company, this aligns with its strategy of securing large, complex infrastructure projects.

Several industrial stocks rose after weaker U.S. jobs data reduced Treasury yields, easing borrowing costs. Tutor Perini (TPC) +3.4%, Kennametal (KMT) +3.7%, CSW (CSW) +3.9%, United Rentals (URI) +3.8%, and Keysight (KEYS) +3.5%. CSW's 52-week high is $351.29, trading at $304.04. JPMorgan upgraded CSW to 'Overweight' with a $350 target.

Tutor Perini Corp. subsidiaries secured two contracts totaling $88.2M. Black Construction won a $45.2M Guam bridge reconstruction project, while Perini Management Services received a $43M U.S. Coast Guard facility improvement contract. Both projects are expected to complete in early 2029 and will be included in the company's Q3 backlog, which stood at $19.9B as of June 30, 2023.

The U.S. Coast Guard awarded Tutor Perini a contract to rebuild the fuel pier at Base Kodiak, Alaska. The project, funded by various sources including the 2022 Infrastructure Investment and Jobs Act, aims to modernize the base's waterfront and is expected to be completed by fall 2030. The work includes waterfront improvements, construction of a new fueling utility building, and installation of various utilities and safety equipment.

Tutor Perini reported record operating cash flow of $334.1M in H1 2026, up 17% YoY. Revenues rose 19% to $1.64B, with a $19.9B backlog. Cash reserves increased to $423.5M. Management expects 2026 cash flow to be second-best annually. TPC stock is up 27% YTD, with a forward P/E of 14.13. Earnings estimates for 2026 and 2027 were revised upwards.

Zacks.com highlighted five companies with low debt-to-equity ratios: LifeStance Health (LFST) reported 26% revenue growth, Tutor Perini (TPC) won a $42M contract, News Corp (NWS) saw 11% revenue growth, Everus Construction (ECG) acquired Epsilon Industries, and HF Sinclair (DINO) finalized a pipeline joint venture. All five companies have positive earnings estimates and Zacks Rank #1 or #2.