Tutor Perini’s data center push and what it might mean for the stock

Tutor Perini (TPC) drew fresh attention after president and CEO Gary Smalley highlighted the company’s current data center projects and interest in expanding this work, as AI driven demand shapes construction activity in 2026.

The recent data center commentary comes after a strong run for investors, with the share price still up 7.38% year to date and the 1 year total shareholder return near 100%, even as the 30 day share price return fell about 15% and short term momentum cooled.

If data centers and AI infrastructure are on your radar, this is a handy moment to scan a broader field of 47 AI infrastructure stocks

So with Tutor Perini trading at a discount versus some valuation estimates, yet coming off a sharp 1 year run and weaker recent momentum, is there still an opening here, or has the market already priced in future growth?

Most Popular Narrative: 32% Undervalued

Analysts following Tutor Perini see a fair value of $109.50 per share versus the last close at $74.47, and anchor that view on a long runway of large projects and margin improvement.

Record backlog growth, now at an all-time high of $21.1 billion (up 102% YoY), provides strong visibility and multi-year revenue predictability, as a series of major projects ramp up over the next several years.

Curious what earnings path and margin rebuild need to happen to support that higher value, and how much profit multiple compression is baked in.

Result: Fair Value of $109.50 (UNDERVALUED)

However, the story can change quickly if mega projects run into cost overruns or disputes, or if large public contracts are delayed or re-scoped.

Next Steps

If this mix of optimism and caution feels familiar, it is a good signal to review the figures yourself and move quickly to form your own view. You can start with the 4 key rewards.

Looking for more investment ideas?

If Tutor Perini has caught your attention, do not stop here. Use this momentum to widen your watchlist with stocks that fit different roles in your portfolio.

• Target potential mispricing by scanning 47 high quality undervalued stocks that pair stronger fundamentals with prices that may not fully reflect their financial profile yet.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.