First Trust Advisors LP Purchases 138,840 Shares of Centuri Holdings, Inc. $CTRI

First Trust Advisors LP raised its position in Centuri Holdings, Inc. (NYSE:CTRI) by 34.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 546,147 shares of the company’s stock after purchasing an additional 138,840 shares during the period. First Trust Advisors LP’s holdings in Centuri were worth $15,953,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd increased its position in shares of Centuri by 13,385.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock worth $40,000 after buying an additional 1,874 shares during the period. KBC Group NV acquired a new position in Centuri in the first quarter valued at $67,000. CWM LLC lifted its holdings in Centuri by 59.7% in the fourth quarter. CWM LLC now owns 4,045 shares of the company’s stock valued at $102,000 after buying an additional 1,512 shares during the period. Tower Research Capital LLC TRC boosted its position in Centuri by 121.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock valued at $124,000 after acquiring an additional 3,037 shares during the last quarter. Finally, Chicago Partners Investment Group LLC bought a new stake in Centuri during the first quarter valued at $183,000.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CTRI shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a report on Wednesday, June 24th. Wells Fargo & Company upped their target price on Centuri from $32.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Robert W. Baird set a $41.00 target price on Centuri in a research report on Friday, May 8th. Wall Street Zen cut Centuri from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Finally, JPMorgan Chase & Co. lifted their target price on Centuri from $26.00 to $29.00 and gave the stock an “underweight” rating in a report on Friday, May 8th. Two investment 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $37.80.

Centuri Stock Down 6.6%

Shares of NYSE CTRI opened at $24.31 on Thursday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.82. The firm has a market cap of $2.45 billion, a PE ratio of 71.51, a P/E/G ratio of 0.86 and a beta of 1.06. The company’s fifty day simple moving average is $28.98 and its 200 day simple moving average is $30.16. Centuri Holdings, Inc. has a 12-month low of $19.04 and a 12-month high of $42.99.

Centuri (NYSE:CTRI) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.05. Centuri had a net margin of 0.98% and a return on equity of 5.64%. The firm had revenue of $688.69 million during the quarter, compared to the consensus estimate of $618.87 million. During the same period in the previous year, the firm posted ($0.12) earnings per share. The business’s revenue was up 31.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Centuri Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

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.