Strong Results Lifted Tutor Perini Corporation (TPC) in Q3

2 days ago 3

Soumya Eswaran

Fri, November 28, 2025 astatine 7:55 AM CST 3 min read

Fred Alger Management, an concern absorption company, released its “Alger Small Cap Focus Fund” third-quarter 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. U.S. equity markets continued their upward trajectory successful the 3rd 4th with the S&P 500 Index rising 8.12%. A operation of improving economical conditions, coagulated firm earnings, and increasing expectations for monetary easing propelled the robust equity market. Against this backdrop, the people A shares of the money underperformed the Russell 2000 Growth Index. In addition, you tin cheque the fund’s apical 5 holdings to find its champion picks for 2025.

In its third-quarter 2025 capitalist letter, Alger Small Cap Focus Fund highlighted stocks specified arsenic Tutor Perini Corporation (NYSE:TPC). Headquartered successful Sylmar, California, Tutor Perini Corporation (NYSE:TPC) is simply a operation company. On November 27, 2025, Tutor Perini Corporation (NYSE:TPC) banal closed astatine $67.56 per share. One-month instrumentality of Tutor Perini Corporation (NYSE:TPC) was -0.19%, and its shares gained 147.93% of their worth implicit the past 52 weeks. Tutor Perini Corporation (NYSE:TPC) has a marketplace capitalization of $3.563 billion.

Alger Small Cap Focus Fund stated the pursuing regarding Tutor Perini Corporation (NYSE:TPC) successful its 3rd 4th 2025 capitalist letter:

"Tutor Perini Corporation (NYSE:TPC) is simply a starring operation institution providing a wide scope of wide contracting, operation management, and design-build services to backstage and nationalist assemblage clients globally. Tutor Perini’s offerings see broad task management—from pre-construction readying to elaborate scheduling of labor, equipment, materials, and subcontractors—as good arsenic self-performed operation services specified arsenic tract preparation, factual forming and placement, alloy erection, electrical work, mechanical systems, plumbing, HVAC (heating, ventilation, and aerial conditioning), and occurrence protection. Shares of Tutor Perini contributed positively during the 4th aft the institution reported beardown second-quarter results and accrued its full-year 2025 net guidance. Management besides reiterated expectations for a meaningful step-up successful net successful 2026, reflecting a supportive infrastructure spending backdrop and continued betterment successful task execution, which unneurotic bolstered capitalist confidence."

Tutor Perini Corporation (NYSE:TPC) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. As per our database, 36 hedge money portfolios held Tutor Perini Corporation (NYSE:TPC) astatine the extremity of the 3rd quarter, which was 31 successful the erstwhile quarter. While we admit the imaginable of Tutor Perini Corporation (NYSE:TPC) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.


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