Sei Investments Co. Acquires 47,809 Shares of Centuri Holdings, Inc. $CTRI

Sei Investments Co. lifted its stake in Centuri Holdings, Inc. (NYSE:CTRI) by 75.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,437 shares of the company’s stock after purchasing an additional 47,809 shares during the quarter. Sei Investments Co. owned about 0.11% of Centuri worth $3,255,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Group One Trading LLC increased its stake in Centuri by 4,144.4% during the 1st quarter. Group One Trading LLC now owns 11,842 shares of the company’s stock valued at $346,000 after purchasing an additional 11,563 shares in the last quarter. State of Wyoming boosted its position in shares of Centuri by 5.0% during the first quarter. State of Wyoming now owns 15,880 shares of the company’s stock valued at $464,000 after buying an additional 752 shares during the last quarter. Militia Capital Management LLC purchased a new position in Centuri in the 1st quarter worth about $615,000. First Trust Advisors LP grew its stake in shares of Centuri by 34.1% in the first quarter. First Trust Advisors LP now owns 546,147 shares of the company’s stock worth $15,953,000 after acquiring an additional 138,840 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Centuri by 46.2% during the first quarter. Dimensional Fund Advisors LP now owns 890,022 shares of the company’s stock valued at $25,998,000 after purchasing an additional 281,264 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Robert W. Baird set a $33.00 price target on shares of Centuri in a research report on Wednesday. UBS Group raised their target price on shares of Centuri from $33.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Wells Fargo & Company lowered their target price on shares of Centuri from $37.00 to $29.00 and set an “overweight” rating on the stock in a research note on Wednesday. Wall Street Zen lowered Centuri from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a report on Friday, May 8th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $32.40.

Centuri Stock Performance

CTRI stock opened at $23.86 on Friday. Centuri Holdings, Inc. has a twelve month low of $19.04 and a twelve month high of $42.99. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 76.98, a PEG ratio of 0.74 and a beta of 1.10. The business’s fifty day simple moving average is $28.15 and its two-hundred day simple moving average is $30.03. The company has a quick ratio of 1.88, a current ratio of 1.82 and a debt-to-equity ratio of 0.81.

Centuri (NYSE:CTRI) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. The company had revenue of $959.53 million during the quarter, compared to analysts’ expectations of $835.99 million. Centuri had a net margin of 0.86% and a return on equity of 5.85%. The firm’s quarterly revenue was up 32.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.19 EPS. Analysts predict that Centuri Holdings, Inc. will post 0.61 earnings per share for the current year.

Centuri Profile

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.