Leading civil construction firm Tutor Perini (NYSE: TPC) stock slid 7.5% through 10:05 a.m. ET Friday morning despite beating analyst forecasts for both sales and earnings last night. Heading into the company's Q4 report, analysts forecast Tutor Perini would earn only $0.62 per share on sales of $1.35 billion. In fact, Tutor earned $1.07 per share, and its sales surpassed $1.5 billion. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an ...

Core Viewpoint - Tutor Perini Corporation has announced strong financial results, leading to a new capital return strategy that includes a quarterly dividend and a share repurchase program [2][3][4]. Financial Performance - Year-to-date operating cash flow reached a record $574.4 million, with $289.1 million generated in the third quarter [2]. - The company's backlog hit a new high of $21.6 billion, indicating strong future revenue potential [2][3]. Capital Return Strategy - The Board of Directors declared a quarterly cash dividend of $0.06 per share and approved a $200 million share repurchase program [2]. - Management plans to use dividends and share repurchases as tools to reward shareholders during the company's expansion phase [5]. Management Insights - CEO Gary Smalley highlighted the high operational performance and raised the 2025 earnings guidance for the third consecutive quarter [3]. - The board believes current macro conditions, steady customer demand, and significant funding for infrastructure projects will drive revenue and profit growth [4]. Future Outlook - The company anticipates strong cash generation in 2026 and 2027, supported by favorable market conditions [4].

Core Insights - The article discusses seven new dividend payouts from various companies, highlighting their potential as investment opportunities due to initial high yields and growth prospects [2][3] Group 1: Tutor Perini (TPC) - Tutor Perini announced its first dividend of $0.06 per share with a yield of 0.3%, marking a significant turnaround after three years of net losses [4][5] - The company reported record operating cash flow of $574.4 million and a backlog of $21.6 billion by Q3 2025, leading to a tripling of its share price in 2025 [5] - For full-year 2025, Tutor Perini is expected to report a profit of $4.10 per share, with the dividend representing only 6% of earnings, indicating room for future increases [6] Group 2: Orla Mining (ORLA) - Orla Mining initiated a quarterly dividend of $0.015 with a yield of 0.4%, transitioning from a junior miner to a mid-tier producer [7][8] - The company experienced a 143% increase in share price in 2025 and is expected to report a smaller profit for 2025 after doubling its net income in 2024 [9] - Future dividend growth may be limited due to the cyclical nature of mining profits, but management is confident in the sustainability of profits [10] Group 3: ePlus (PLUS) - ePlus announced a quarterly dividend of $0.25 with a yield of 1.1%, providing IT and professional services [12] - The company has seen a 2,000% increase in share price over the past 15 years, but is currently navigating mixed financial results [13][14] - Revenue growth is expected to be high-single-digit, but earnings per share are projected to decline in the current fiscal year [14] Group 4: Visteon (VC) - Visteon initiated a quarterly dividend of $0.275 with a yield of 1.2%, focusing on automotive technology [15][16] - After a history of volatility and declining net income, the company has shown a stable rebound in profits during the 2020s [17] - Despite the dividend announcement, the stock experienced a selloff following the first payment [17] Group 5: G-III Apparel Group (GIII) - G-III announced a quarterly dividend of $0.10 with a yield of 1.3%, operating in the apparel sector [18][19] - The company has seen steady net income, despite a loss in fiscal 2023 due to brand writedowns and supply chain issues [19][20] - G-III's dividend announcement reflects a strategy to attract shareholders amid limited growth prospects [20] Group 6: California BanCorp (BCAL) - California BanCorp initiated a quarterly dividend of $0.10 with a yield of 2.2%, showing rapid revenue growth from $13.6 million in 2015 to $180 million in 2024 [21][22] - Despite the growth, the company's stock has not seen significant appreciation, but the dividend may change investor sentiment [23] Group 7: Carnival Corp. (CCL) - Carnival Corp. announced a quarterly dividend of $0.15 with a yield of 2.1%, marking a resumption of its dividend program suspended during COVID-19 [24][26] - The company reported a substantial profit in 2024, returning to pre-COVID profit levels in 2025, indicating recovery from the pandemic's impact [26]

Group 1: G-III Apparel Group Ltd - G-III Apparel Group Ltd has shown strong performance in the apparel sector, with significant revenue growth reported in the latest quarter [1] - The company is expanding its brand portfolio, which is expected to enhance market presence and drive future sales [1] Group 2: ePlus Inc - ePlus Inc has experienced an increase in demand for its technology solutions, leading to improved financial results [1] - The company is focusing on strategic partnerships to enhance its service offerings and market reach [1] Group 3: Carnival Corporation - Carnival Corporation is recovering from previous operational challenges, with a notable increase in passenger bookings and revenue [1] - The cruise line is implementing new health and safety protocols to attract customers and ensure a safe travel experience [1] Group 4: Tutor Perini Corporation - Tutor Perini Corporation has secured several new contracts, contributing to a positive outlook for future revenue growth [1] - The company is investing in technology to improve project efficiency and reduce costs [1]

Industry Overview - The Zacks Building Products - Heavy Construction industry is facing tariff-related uncertainty, cost pressures, inflation, and labor constraints, which can delay projects and compress margins [1][4] - The industry consists of companies involved in mechanical and electrical construction, industrial and energy infrastructure, and building services, focusing on transportation projects like highways, bridges, and ports [3] Long-term Outlook - A generational U.S. infrastructure push is creating a multi-year project pipeline, driven by transportation upgrades, broadband expansion, and clean-energy initiatives [2] - The rapid expansion of data centers is increasing demand for advanced civil and electrical infrastructure, benefiting established players like MasTec, Dycom Industries, Tutor Perini, and Orion Group [2] Macroeconomic Challenges - The industry is experiencing headwinds from macroeconomic challenges, including a tight labor market and rising raw material costs, which are exacerbated by economic and policy uncertainty [4] - Companies are sensitive to changes in customer capital expenditure budgets and regulatory frameworks, with concerns about evolving tariff and trade policies affecting materials pricing [4] Data Center and Infrastructure Growth - The AI/data-center buildout is a significant driver for the industry, enhancing backlog visibility and margin performance through long-term, high-value projects [5] - The U.S. administration's infrastructure plan aims to create modern, sustainable infrastructure, which is expected to have significant implications for the economy and the construction industry over the next five years [5] Inorganic Growth and Renewable Energy - Companies are increasingly using acquisitions to solidify product portfolios and leverage new business opportunities, particularly in renewable energy projects [6] - The push for decarbonization and clean energy solutions is expected to benefit companies involved in infrastructure for carbon-free energy [7] Industry Performance and Valuation - The Zacks Building Products - Heavy Construction industry currently ranks 188, placing it in the bottom 23% of over 250 Zacks industries, indicating bleak near-term prospects [8][10] - Despite a cloudy outlook, the industry has outperformed the broader Zacks Construction sector and the S&P 500, with a collective gain of 39% over the past year compared to the sector's 2.6% rise [12] Current Valuation - The industry is trading at a forward 12-month price-to-earnings ratio of 23.48, higher than the S&P 500's 22.81 and the sector's 20.61 [15] - Over the past five years, the industry's P/E ratio has ranged from a low of 11.39X to a high of 23.48X, with a median of 16.71X [16] Notable Companies - **Tutor Perini**: A global construction services provider with a robust pipeline of large infrastructure projects, expected to grow earnings by 17.7% in 2026 [18][19] - **Dycom Industries**: A specialty contracting firm benefiting from fiber-to-the-home deployments and federal broadband initiatives, with earnings estimates increasing to $10.71 per share for fiscal 2026 [24][25] - **MasTec**: An infrastructure construction company with strong growth prospects driven by communications and clean energy demand, expecting earnings growth of 28.3% in 2026 [26][28] - **Orion Group**: A specialty construction firm with solid growth prospects in marine and coastal infrastructure, expecting earnings growth of 44.7% in 2026 [30][31]

Core Insights - Ongoing public and private investment is driving demand in the U.S. construction and infrastructure sectors, benefiting companies like EMCOR Group, Inc. and Tutor Perini Corporation [1] - EMCOR focuses on diversified electrical, mechanical, and building services, while Tutor Perini specializes in large-scale civil and complex building projects [2] - Easing financial conditions are creating a supportive environment for infrastructure investment and project financing, making both companies comparable in terms of fundamentals [3] EMCOR Group, Inc. Insights - EMCOR is experiencing strong project demand across various sectors, including data centers, healthcare, and transportation, supported by effective labor planning and digital construction tools [4] - The company's remaining performance obligations reached $12.61 billion in Q3, up from $9.79 billion year-over-year, indicating broad-based growth and revenue visibility extending into 2026 [5] - Despite challenges such as labor availability and competitive bidding, EMCOR expects steady demand to support long-term growth and margin stability [6][7] Tutor Perini Corporation Insights - Tutor Perini is benefiting from robust project wins in its Civil and Building segments, with a record backlog of $21.6 billion, a 54% year-over-year increase [8][10] - The company is well-positioned due to elevated infrastructure spending and large institutional development activity, driving execution across various projects [9] - However, Tutor Perini faces risks related to large, complex projects that can introduce earnings volatility and higher share-based compensation expenses [11] Stock Performance & Valuation - EMCOR's share price performance has lagged behind Tutor Perini and the Zacks Building Products - Heavy Construction industry over the past six months [13] - EMCOR is trading at a premium valuation compared to Tutor Perini based on forward 12-month price-to-earnings (P/E) ratios [15] - The Zacks Consensus Estimate indicates EMCOR's 2026 revenues and EPS will grow by 5.9% and 8.6% respectively, while Tutor Perini's estimates show 12.5% revenue growth and 17.7% EPS growth [17][19] Investment Outlook - Both companies are positioned to benefit from sustained U.S. infrastructure spending, but their fundamentals suggest different investment profiles [20] - EMCOR's diversified business mix and strong backlog visibility make it resilient, while Tutor Perini's record backlog offers greater growth potential but with higher execution risks [20]

Core Insights - EMCOR Group, Inc. continues to leverage acquisitions as a strategic tool for growth, focusing on targeted additions rather than large-scale consolidation to enhance technical capabilities and geographic reach [2][6] Acquisition Strategy - In the first nine months of 2025, EMCOR completed five acquisitions totaling $50.9 million, primarily targeting small, privately held firms with established operations and growth potential [3][11] - The acquisitions included a building automation controls provider, a mechanical construction services provider, a business complementing fire protection offerings, and two companies enhancing energy efficiency capabilities [3] - The first three acquisitions were integrated into the U.S. Mechanical Construction segment, while the latter two were added to the U.S. Building Services segment, reinforcing EMCOR's service line breadth [4] Significant Transactions - The most notable acquisition in 2025 was Miller Electric Company, acquired on February 3, which contributed $794.4 million to total revenues and $21.2 million to operating income from the acquisition date through September 30, 2025 [5][11] - Miller Electric enhances EMCOR's electrical construction capabilities across data centers, manufacturing, and healthcare markets, while also expanding geographic presence [5] Competitive Position - EMCOR faces competition in the public infrastructure market from companies like Quanta Services, Inc. and Tutor Perini Corporation, but maintains a competitive edge due to its diversified, high-margin exposure and strong execution in data-center and institutional markets [7] - Quanta is heavily involved in energy-transition projects but faces execution risks from labor constraints and supply-chain pressures [8] - Tutor Perini excels in large civil projects but experiences more volatile margins and tougher competition for public-sector spending [9] Stock Performance - EMCOR's shares have gained 16.3% over the past six months, underperforming the Zacks Building Products - Heavy Construction industry but outperforming the broader Construction sector and the S&P 500 index [10] Valuation and Earnings Estimates - EMCOR's stock is trading at a premium compared to industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 22.52 [13] - The consensus estimate for EMCOR's 2026 earnings has increased to $27.41 per share, indicating year-over-year growth of 8.6% [15]

Core Viewpoint - The current market environment favors large-cap stocks, but the VictoryShares Small Cap Free Cash Flow ETF (SFLO) highlights the potential of small-cap investments, particularly in companies like Symbotic Inc. [1] Company Overview - Symbotic Inc. is a leader in AI-enabled robotics technology for the consumer goods supply chain and is positioned for significant growth [2]. - As of December 11, 2025, Symbotic is included in SFLO, which tracks a focused index that emphasizes companies with strong free cash flow [1][2]. Financial Metrics - SFLO aims to track the Victory U.S. Small Cap Free Cash Flow Index, which screens for companies with robust free cash flow (FCF) [3]. - FCF is defined as the remaining funds after operating cash flow minus capital expenditures, serving as a key indicator of financial health [4]. - Symbotic has a high expected FCF yield of 13.64%, significantly outperforming the Russell 2000 Value Index's yield of 3.56% [5]. - The growth rate for Symbotic is 37.32%, compared to 5.62% for the Russell 2000 Value Index, indicating strong growth potential [5]. Investment Strategy - SFLO's index methodology focuses on forward-looking FCF rather than trailing cash flows, allowing it to target companies with high FCF yield and growth potential [5]. - Companies like Symbotic, which focus on innovation and disruptive technology, are essential for identifying investment opportunities in the small-cap sector [6]. Index Characteristics - The Victory U.S. Small Cap Free Cash Flow Index selects high-quality companies based on profitability and strong free cash flow yield, rebalancing quarterly [14]. - Expected FCF is calculated as the average of trailing 12-month FCF and next 12-month forward FCF, divided by enterprise value [14].

Core Insights - Tutor Perini Corporation has been awarded a change order valued at approximately $53 million for the City Center Guideway and Stations Project in Honolulu, HI [1] Company Summary - The awarded change order is significant as it allows Tutor Perini to design the rail segment that will extend the current terminus and connect Kaka'ako to Ala Moana [1]

Core Insights - The construction sector is expected to benefit from moderating monetary policy, easing inflation, and improved economic visibility as it approaches 2026 [2][4] Economic Environment - The Federal Reserve cut interest rates by 25 basis points for the third time in 2025, lowering the benchmark range to 3.5%-3.75%, with an additional cut projected for 2026 [3] - Inflation is expected to decrease to 2.5% in 2026, GDP growth is revised to 2.3%, and the unemployment rate is projected to decline to 4.4% [4] Construction Demand Drivers - Construction demand is increasingly driven by multi-year, non-discretionary investment cycles, including digital infrastructure, public works, and water management [5] - Federal infrastructure funding and private-sector investments provide longer-duration visibility that is less sensitive to short-term economic fluctuations [5] Investment Opportunities - Wall Street favors construction companies with multi-year backlog visibility, exposure to structurally funded spend categories, and strong operating discipline [6] - Notable companies include Dycom Industries, Sterling Infrastructure, Comfort Systems USA, Tutor Perini, and Advanced Drainage Systems, which are well-positioned for growth into 2026 [7] Company Performance Highlights - Dycom Industries (DY) has a projected EPS growth of 35% and a stock surge of 95.3% YTD, with strong demand for digital infrastructure [10][13] - Sterling Infrastructure (STRL) has gained 89.4% YTD, with a projected EPS growth of 14.6% [10][15] - Comfort Systems USA (FIX) has surged 108.4% YTD, with a projected EPS growth of 16.4% [10][17] - Tutor Perini (TPC) has gained 172.8% YTD, with a projected EPS growth of 17.7% [10][19] - Advanced Drainage Systems (WMS) has gained 25.2% YTD, with a projected EPS growth of 17.7% [10][21]