Centuri Holdings, Inc. (CTRI) – What Are Researchers Thinking About This Stock?

Shares of Centuri Holdings, Inc. (NYSE:CTRI) have earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $28.17.

Several analysts have recently issued reports on CTRI shares. Bank of America decreased their target price on shares of Centuri from $33.50 to $21.00 and set an “underperform” rating on the stock in a research report on Friday, September 4th. JPMorgan Chase & Co. reduced their price target on shares of Centuri from $23.00 to $22.00 and set an “underweight” rating for the company in a report on Monday, October 19th. Wall Street Zen cut shares of Centuri from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Weiss Ratings downgraded shares of Centuri from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Finally, Wells Fargo & Company decreased their target price on shares of Centuri from $29.00 to $28.00 and set an “overweight” rating for the company in a research report on Tuesday, October 27th.

Insider Transactions 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 purchased at an average price of $19.27 per share, for a total transaction of $100,204.00. Following the transaction, the director directly owned 12,936 shares of the company’s stock, valued at approximately $249,276.72. This represents a 67.22% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Centuri

Several institutional investors and hedge funds have recently added to or reduced their stakes in CTRI. Dimensional Fund Advisors LP lifted its stake in shares of Centuri by 46.2% in the first quarter. Dimensional Fund Advisors LP now owns 890,022 shares of the company’s stock worth $25,998,000 after buying an additional 281,264 shares in the last quarter. Irenic Capital Management LP lifted its stake in Centuri by 46.2% in the 2nd quarter. Irenic Capital Management LP now owns 518,705 shares of the company’s stock worth $15,686,000 after purchasing an additional 163,934 shares in the last quarter. Quantinno Capital Management LP grew its position in shares of Centuri by 798.4% in the first quarter. Quantinno Capital Management LP now owns 90,811 shares of the company’s stock valued at $2,653,000 after purchasing an additional 80,703 shares in the last quarter. NEOS Investment Management LLC grew its position in shares of Centuri by 33.7% in the second quarter. NEOS Investment Management LLC now owns 617,145 shares of the company’s stock valued at $18,662,000 after purchasing an additional 155,647 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of Centuri by 75.1% in the first quarter. Sei Investments Co. now owns 111,437 shares of the company’s stock valued at $3,255,000 after purchasing an additional 47,809 shares in the last quarter.

Centuri Price Performance

NYSE CTRI opened at $20.54 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.82 and a current ratio of 1.82. Centuri has a fifty-two week low of $18.60 and a fifty-two week high of $42.99. The company has a market capitalization of $2.07 billion, a PE ratio of 43.96, a price-to-earnings-growth ratio of 0.72 and a beta of 0.94. The business’s fifty day moving average is $20.38 and its 200 day moving average is $27.19.

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

Centuri Company Profile

Centuri Holdings, Inc is a strategic infrastructure services company that supports the development, maintenance and modernization of energy and utility systems. The company provides construction and related services for natural gas and electric distribution infrastructure, including pipelines, utility networks and other assets used to deliver energy to homes, businesses and communities.

Centuri also serves customers in areas such as electric transmission, renewable energy and broader utility infrastructure.