Brokerages Set Centuri Holdings, Inc. (NYSE:CTRI) Price Target at $37.80

Shares of Centuri Holdings, Inc. (NYSE:CTRI) have been given an average recommendation of “Hold” by the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $37.80.

Several research analysts have issued reports on CTRI shares. Cantor Fitzgerald raised their target price on Centuri from $37.40 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Wall Street Zen cut shares of Centuri from a “buy” rating to a “hold” rating in a research note on Monday, June 22nd. Wells Fargo & Company raised their price objective on shares of Centuri from $32.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Robert W. Baird set a $41.00 target price on shares of Centuri in a research report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Centuri in a report on Wednesday, June 24th.

Hedge Funds Weigh In On Centuri

A number of institutional investors have recently bought and sold shares of CTRI. Icahn Carl C lifted its holdings in Centuri by 32.2% during the fourth quarter. Icahn Carl C now owns 14,336,044 shares of the company’s stock valued at $361,985,000 after purchasing an additional 3,488,372 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Centuri by 126.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,059,743 shares of the company’s stock worth $170,625,000 after purchasing an additional 4,493,955 shares in the last quarter. Hill City Capital LP lifted its holdings in Centuri by 5.2% in the 4th quarter. Hill City Capital LP now owns 4,030,000 shares of the company’s stock worth $101,758,000 after purchasing an additional 200,000 shares in the last quarter. Carronade Capital Management LP boosted its stake in Centuri by 30.7% in the 4th quarter. Carronade Capital Management LP now owns 3,988,664 shares of the company’s stock worth $100,714,000 after purchasing an additional 935,847 shares during the period. Finally, Wellington Management Group LLP bought a new position in Centuri in the 3rd quarter worth approximately $78,222,000.

Centuri Trading Up 0.3%

NYSE:CTRI opened at $27.48 on Friday. The company has a market cap of $2.77 billion, a PE ratio of 80.81, a price-to-earnings-growth ratio of 0.91 and a beta of 1.06. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. The company has a 50 day simple moving average of $31.61 and a two-hundred day simple moving average of $30.03. Centuri has a 12 month low of $19.04 and a 12 month high of $42.99.

Centuri (NYSE:CTRI) last released 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. The firm had revenue of $688.69 million for the quarter, compared to analysts’ expectations of $618.87 million. Centuri had a return on equity of 5.64% and a net margin of 0.98%.The company’s revenue was up 31.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.12) EPS. Research analysts forecast that Centuri will post 0.61 earnings per share for the current 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.