Tutor Perini Secures $335M Contracts, Shares Surge
Update: 2025-12-19
Description
Tutor Perinis shares surged by nearly three percent following the announcement of two major new contracts, valued at $155 million and $108 million, for the Diego Rivera Performing Arts Center and UC Davis Healths Central Utility Plant expansion, respectively. These wins bolster their project pipeline and backlog, now at a record high of $21.6 billion, indicating a promising future for earnings. Despite initial volatility, investors seem optimistic about the news, with the stock up 188% since January and a $1,000 investment five years ago now worth over $5,000.
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