Tutor Perini stock wins a USD 43.0 million Coast Guard contract

Published on 09/30/2026 at 20:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tutor Perini stock beat Q2 revenue consensus with USD 1.64 billion versus USD 1.57 billion on August 5, 2026. FY 2026 EPS guidance is USD 5.15-5.45 and UBS targets USD 105.00.

TPC, US9011091076, Illustration mit AI erstellt.

Tutor Perini stock (ISIN US9011091076) is tied to a USD 43.0 million U.S. Coast Guard contract secured by a subsidiary on September 24, 2026, according to Investing.com. The award adds to Tutor Perini's backlog in the third quarter and gives the construction group a project extending into 2029.

Coast Guard work adds backlog

Perini Management Services will design and build improvements at East Tongue Point in Astoria, Oregon, including a fixed pier, two floating docks and support facilities for four Fast Response Cutters. Design work was expected to begin in late September, with substantial completion scheduled for May 2029, Investing.com reported.

Revenue beats consensus

Tutor Perini's second-quarter 2026 revenue reached USD 1.64 billion, up 19.2 percent from the prior-year quarter and above the USD 1.57 billion consensus, according to MarketBeat. The company set fiscal 2026 EPS guidance at USD 5.15-5.45, giving the revenue advance a forward earnings benchmark rather than leaving the contract as a standalone order story.

The investor-relations site lists the TPC Q2 2026 investor report dated August 5, 2026, confirming the reporting period used for the latest interim update: Tutor Perini.

Target stays above the market

UBS raised its Tutor Perini price target from USD 98.00 to USD 105.00 on August 6, 2026 and assigned a buy rating, according to MarketBeat. Against the NYSE quote of USD 82.82 on September 30, 2026 at 2:56 p.m. EDT, that target is 26.78 percent above the market price. The counterweight is insider selling of 2,507,609 shares valued at USD 216.8 million during the reported period.

NYSE quote and yearly range

Tutor Perini was last at USD 82.82 on the NYSE on September 30, 2026 at 2:56 p.m. EDT. Its market capitalization was USD 4.4 billion, while the 52-week range stood at USD 57.90 to USD 102.30.