Wellington Management Group LLP Sells 285,318 Shares of Centuri Holdings, Inc. $CTRI

Wellington Management Group LLP lessened its holdings in shares of Centuri Holdings, Inc. (NYSE:CTRI) by 14.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,656,520 shares of the company’s stock after selling 285,318 shares during the quarter. Wellington Management Group LLP’s holdings in Centuri were worth $50,093,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CTRI. Caitong International Asset Management Co. Ltd boosted its stake in Centuri by 13,385.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock worth $40,000 after purchasing an additional 1,874 shares during the period. KBC Group NV purchased a new position in shares of Centuri in the first quarter worth $67,000. CWM LLC boosted 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 boosted its position in shares of Centuri by 121.7% during 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 last quarter. Finally, Chicago Partners Investment Group LLC purchased a new position in Centuri during the first quarter valued at $183,000.

Wall Street Analysts Forecast Growth

Several analysts have commented on CTRI shares. UBS Group boosted their price target 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. JPMorgan Chase & Co. lifted their target price on Centuri from $26.00 to $29.00 and gave the stock an “underweight” rating in a report on Friday, May 8th. Cantor Fitzgerald boosted their target price on Centuri from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Wall Street Zen lowered Centuri from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Robert W. Baird set a $33.00 price objective on Centuri in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Centuri has a consensus rating of “Hold” and an average target price of $32.60.

Centuri Trading Down 0.1%

Shares of NYSE CTRI opened at $20.50 on Friday. Centuri Holdings, Inc. has a fifty-two week low of $19.04 and a fifty-two week high of $42.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.82 and a current ratio of 1.82. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 66.13, a PEG ratio of 0.67 and a beta of 1.01. The business’s 50 day moving average price is $24.95 and its 200-day moving average price is $29.12.

Centuri (NYSE:CTRI) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 5.85% and a net margin of 0.86%.Centuri’s revenue was up 32.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 EPS. On average, sell-side analysts expect that Centuri Holdings, Inc. will post 0.62 earnings per share for the current year.

Centuri Company 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.