Centuri (NYSE:CTRI) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Centuri (NYSE:CTRI) from a buy rating to a hold rating in a report published on Monday morning.

Several other equities analysts also recently commented on CTRI. UBS Group upped their price objective on shares of Centuri from $33.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Robert W. Baird set a $41.00 target price on Centuri in a research note on Friday, May 8th. JPMorgan Chase & Co. boosted their price target on Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a report on Friday, May 8th. Wells Fargo & Company upped their price target on Centuri from $32.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $37.80.

Centuri Stock Performance

NYSE:CTRI opened at $27.25 on Monday. The firm has a market cap of $2.75 billion, a PE ratio of 80.16, a price-to-earnings-growth ratio of 0.92 and a beta of 1.06. Centuri has a fifty-two week low of $19.04 and a fifty-two week high of $42.99. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 1.88. The business has a 50 day moving average price of $29.53 and a 200-day moving average price of $30.12.

Centuri (NYSE:CTRI) last issued its earnings results on Wednesday, May 6th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.05. The company had revenue of $688.69 million for the quarter, compared to the consensus estimate of $618.87 million. Centuri had a net margin of 0.98% and a return on equity of 5.64%. The firm’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.12) earnings per share. Equities research analysts predict that Centuri will post 0.61 earnings per share for the current year.

Institutional Investors Weigh In On Centuri

Several institutional investors and hedge funds have recently modified their holdings of CTRI. Icahn Carl C increased its position in shares of Centuri by 32.2% during the fourth quarter. Icahn Carl C now owns 14,336,044 shares of the company’s stock valued at $361,985,000 after buying an additional 3,488,372 shares during the period. Hill City Capital LP lifted its holdings in Centuri by 5.2% in the fourth quarter. Hill City Capital LP now owns 4,030,000 shares of the company’s stock worth $101,758,000 after buying an additional 200,000 shares during the period. Carronade Capital Management LP lifted its holdings in Centuri by 30.7% in the fourth quarter. Carronade Capital Management LP now owns 3,988,664 shares of the company’s stock worth $100,714,000 after buying an additional 935,847 shares during the period. Wellington Management Group LLP bought a new stake in Centuri during the 3rd quarter valued at approximately $78,222,000. Finally, Balyasny Asset Management L.P. boosted its position in Centuri by 77.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 2,855,064 shares of the company’s stock valued at $60,442,000 after acquiring an additional 1,243,451 shares in the last quarter.

About Centuri

Centuri Construction Group, Inc (NYSE: CTRI) is a heavy civil contractor specializing in water and wastewater infrastructure projects. The company delivers end-to-end services encompassing design-build, engineering, procurement and construction for water transmission mains, wastewater force mains, treatment facilities, pump and lift stations, and stormwater management systems.

Centuri’s core offerings include pipeline installation and rehabilitation, civil sitework, earthwork, structural concrete and slope protection.