Needham Investment Management LLC Has $20.14 Million Holdings in Centuri Holdings, Inc. $CTRI

Needham Investment Management LLC boosted its stake in Centuri Holdings, Inc. (NYSE:CTRI) by 29.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 797,628 shares of the company’s stock after purchasing an additional 182,500 shares during the period. Centuri comprises approximately 1.3% of Needham Investment Management LLC’s investment portfolio, making the stock its 25th biggest position. Needham Investment Management LLC owned approximately 0.80% of Centuri worth $20,140,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CTRI. Caitong International Asset Management Co. Ltd lifted its holdings in Centuri by 13,385.7% during the 3rd 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. CWM LLC raised its position in shares of Centuri by 59.7% during the fourth quarter. CWM LLC now owns 4,045 shares of the company’s stock worth $102,000 after acquiring an additional 1,512 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Centuri by 121.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock worth $124,000 after acquiring an additional 3,037 shares during the period. Ameritas Investment Partners Inc. lifted its stake in shares of Centuri by 251.0% in the third quarter. Ameritas Investment Partners Inc. now owns 6,083 shares of the company’s stock worth $129,000 after acquiring an additional 4,350 shares during the period. Finally, Inspire Advisors LLC acquired a new stake in Centuri during the 4th quarter valued at approximately $220,000.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Centuri from $32.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a report on Friday, March 27th. Wall Street Zen raised Centuri from a “hold” rating to a “buy” rating in a research note on Sunday. JPMorgan Chase & Co. upped their target price on Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a research report on Friday, May 8th. Finally, Cantor Fitzgerald raised their target price on Centuri from $37.40 to $46.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $37.80.

Centuri Stock Performance

Shares of CTRI opened at $31.47 on Tuesday. The stock has a 50-day moving average of $32.33 and a 200-day moving average of $29.53. Centuri Holdings, Inc. has a one year low of $19.04 and a one year high of $42.99. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market cap of $3.18 billion, a PE ratio of 92.56, a P/E/G ratio of 1.05 and a beta of 1.07.

Centuri (NYSE:CTRI) last posted its earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.05. The company had revenue of $688.69 million for the quarter, compared to analyst estimates of $618.87 million. Centuri had a return on equity of 5.64% and a net margin of 0.98%.The company’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.12) earnings per share. On average, equities research analysts predict that Centuri Holdings, Inc. will post 0.59 EPS 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.