Centuri (NYSE:CTRI) Shares Gap Up – Time to Buy?

Centuri Holdings, Inc. (NYSE:CTRI) shares gapped up prior to trading on Monday . The stock had previously closed at $16.56, but opened at $17.52. Centuri shares last traded at $16.38, with a volume of 11,566 shares changing hands.

Analyst Ratings Changes

CTRI has been the subject of a number of research analyst reports. Robert W. Baird reduced their price objective on shares of Centuri from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. JPMorgan Chase & Co. lifted their target price on shares of Centuri from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.00.

Centuri Price Performance

The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.70. The firm has a market capitalization of $1.43 billion and a price-to-earnings ratio of -0.07. The company’s 50 day moving average is $19.14 and its 200 day moving average is $19.14.

Institutional Investors Weigh In On Centuri

Several institutional investors have recently made changes to their positions in the stock. R Squared Ltd acquired a new position in Centuri in the 4th quarter valued at $26,000. KLP Kapitalforvaltning AS acquired a new position in Centuri in the fourth quarter valued at about $62,000. BNP Paribas Financial Markets lifted its position in Centuri by 39.3% during the third quarter. BNP Paribas Financial Markets now owns 6,827 shares of the company’s stock worth $110,000 after purchasing an additional 1,927 shares during the period. MetLife Investment Management LLC grew its stake in Centuri by 129.1% during the third quarter. MetLife Investment Management LLC now owns 8,243 shares of the company’s stock worth $133,000 after buying an additional 4,645 shares in the last quarter. Finally, Corebridge Financial Inc. increased its holdings in Centuri by 15.7% in the 4th quarter. Corebridge Financial Inc. now owns 8,459 shares of the company’s stock valued at $163,000 after buying an additional 1,146 shares during the period.

About Centuri

Centuri Holdings, Inc operates as a utility infrastructure services company in North America. It offers gas utility services, including maintenance, repair, installation, and replacement services for natural gas local distribution utility companies with focus on the modernization of infrastructure. The company also provides electric utility services comprising design, maintenance and repair, upgrade, and expansion services for transmission and distribution infrastructure.