Tutor Perini: Q2 2026 Made My Strong Buy Case Stronger

The Curious Analyst 5.26K Followers Follow Summary I reiterate Tutor Perini as a Strong Buy with a $125 price target, reflecting durable margin expansion and robust cash generation. Q2 2026 results confirm the transition to higher-margin megaprojects, with record $1.64B revenue (+19% y/y) and $117.7M construction income (+54%). Management raised 2026 adjusted EPS guidance to $5.15–$5.45 and expects 2027 EPS to be substantially higher, supported by strong backlog earnings visibility. Based on my $6.75 2027 adjusted EPS estimate and an 18.5x multiple, I arrive at a $125 price target, while my implied forward PEG of roughly 0.61x also suggests the valuation remains attractive relative to expected earnings growth. The biggest risks remain execution on large fixed-price projects, slower backlog replenishment, and weaker cash conversion if collections or project timing deteriorates. JHVEPhoto/iStock Editorial via Getty Images Investment Thesis I am reiterating my Strong Buy rating on Tutor Perini Corporation ( TPC ), while also introducing a $125 per share price target following the company's Q2 2026 earnings results . I don't think This article was written by The Curious Analyst 5.26K Followers Follow My background is in Financial Engineering and I have long since been interested in analyzing strong solid companies with a rare financial Profile. My primary area of specialization is in quantamental analysis, where I use a combination of data driven models and fundamental research. My approach is centered on a structured process that combines top-down screening with bottom-up company specific analysis .I write on to share ideas with a wider audience and also learn more about companies and other analysts. My goal is to make unique ideas & research accessible to retail and professional investors alike, while maintaining analytical depth and a clear investment thesis.Associated with another author Kennedy Njagi Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in TPC over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.