Centuri (NYSE:CTRI) Reaches New 12-Month Low – Time to Sell?

Centuri Holdings, Inc. (NYSE:CTRI)’s share price hit a new 52-week low on Thursday. The company traded as low as $18.79 and last traded at $19.5130, with a volume of 228,149 shares. The stock had previously closed at $19.77.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CTRI shares. Bank of America decreased their price objective on shares of Centuri from $33.50 to $21.00 and set an “underperform” rating for the company in a report on Friday, September 4th. Wall Street Zen lowered shares of Centuri from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Weiss Ratings downgraded shares of Centuri from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Robert W. Baird cut their target price on shares of Centuri from $33.00 to $26.00 and set an “outperform” rating for the company in a research report on Tuesday, September 29th. Finally, Wells Fargo & Company cut their target price on shares of Centuri from $37.00 to $29.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Centuri has an average rating of “Hold” and a consensus target price of $29.50.

Centuri Trading Down 1.7%

The company has a debt-to-equity ratio of 0.81, a current ratio of 1.82 and a quick ratio of 1.82. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 62.75, a price-to-earnings-growth ratio of 0.68 and a beta of 1.01. The business has a fifty day moving average price of $21.02 and a 200 day moving average price of $27.07.

Centuri (NYSE:CTRI) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.03. The company had revenue of $959.53 million for the quarter, compared to analyst estimates of $835.99 million. Centuri had a return on equity of 5.85% and a net margin of 0.86%. Centuri’s revenue for the quarter was up 32.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 EPS. On average, equities analysts expect that Centuri Holdings, Inc. will post 0.62 EPS for the current fiscal year.

Insider Activity at Centuri

In other Centuri news, Director Dustin DeMaria bought 5,200 shares of the firm’s stock in a transaction dated Friday, September 18th. The shares were acquired at an average cost of $19.27 per share, for a total transaction of $100,204.00. Following the transaction, the director owned 12,936 shares in the company, valued at approximately $249,276.72. The trade was a 67.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CTRI. Reinhart Partners LLC. acquired a new stake in Centuri during the third quarter valued at approximately $76,741,000. Assenagon Asset Management S.A. bought a new position in shares of Centuri during the second quarter valued at $23,153,000. Empyrean Capital Partners LP acquired a new stake in shares of Centuri in the 4th quarter valued at $14,594,000. Verbena Value LP boosted its stake in shares of Centuri by 31.3% in the 1st quarter. Verbena Value LP now owns 1,771,457 shares of the company’s stock valued at $51,744,000 after purchasing an additional 422,593 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Centuri by 46.2% in the 1st 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 in the last quarter.

About Centuri

Centuri Holdings, Inc (NYSE: CTRI) is an infrastructure services company that supports the development, maintenance and modernization of essential utility systems in the United States and Canada. Its customers primarily include natural gas and electric utilities, municipalities and other infrastructure owners.

The company provides construction and maintenance services for gas distribution networks, electric transmission and distribution systems, and other underground utility infrastructure.