Tutor Perini Corporation (TPC)
Tutor Perini Corporation (TPC) is a leading construction company that specializes in large-scale infrastructure projects, including transit systems, bridges, highways, and civil engineering works. Founded in 1898, the firm has a long history of delivering complex construction solutions across various sectors, including transportation, water, and environmental projects. Known for its expertise in executing challenging projects, Tutor Perini operates primarily in the United States and is recognized for its focus on safety, quality, and innovation.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| November 12, 2010 | $1.00 | 2010-11-02 | 2010-11-04 |
Dividends Summary
- Tutor Perini Corporation has issued 1 dividend payments over the past 0 years
- The most recent dividend was paid 5426 days ago, on November 12, 2010
- The highest dividend payed out to investors during this period was $1 per share
- The average dividend paid during this period was $1.00 per share.
Company News
Four under-the-radar companies - Porch Group, SunOpta, Tutor Perini, and Si-Bone - reported strong earnings in Q1 2025 and are seeing positive momentum in May.
The global commercial construction market is expected to grow significantly, driven by rapid urbanization and infrastructure development. However, the industry faces challenges such as rising material costs and supply chain disruptions. The market is also witnessing a shift towards sustainable and green building practices.
Tutor Perini Corporation has appointed Gary Smalley as its new CEO, effective January 2025, succeeding Ronald Tutor. Smalley aims to drive growth with a record backlog and increased visibility into cash flow and profitability.
Construction stocks have surged in 2024, benefiting from strong demand, infrastructure spending, and hopes that Fed rate cuts will lower borrowing costs. The Invesco Building & Construction ETF is up 22% year-to-date, and individual stocks like Tutor Perini have seen significant gains.
Tutor Perini, in a joint venture with O&G Industries, has secured a $1.3 billion contract from Amtrak to construct a new two-track, electrified and resilient bascule bridge structure along the Northeast Corridor. The project is primarily funded by the Infrastructure Investment & Jobs Act and is expected to be completed by 2031.