Centuri (NYSE:CTRI) Sets New 52-Week Low – Here’s Why

Centuri Holdings, Inc. (NYSE:CTRI) reached a new 52-week low during trading on Thursday. The company traded as low as $18.76 and last traded at $19.0390, with a volume of 278,750 shares trading hands. The stock had previously closed at $19.79.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CTRI shares. Wells Fargo & Company reduced their target price on shares of Centuri from $37.00 to $29.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Wall Street Zen cut Centuri from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Weiss Ratings downgraded Centuri from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Robert W. Baird decreased their price objective on Centuri from $33.00 to $26.00 and set an “outperform” rating for the company in a research report on Tuesday, September 29th. Finally, Cantor Fitzgerald lifted their target price on Centuri from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.33.

Centuri Price Performance

The company has a market cap of $1.95 billion, a price-to-earnings ratio of 62.27, a PEG ratio of 0.65 and a beta of 1.01. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.81. The company’s 50 day moving average price is $20.65 and its 200 day moving average price is $26.74.

Centuri (NYSE:CTRI) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The firm had revenue of $959.53 million during 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 firm’s revenue was up 32.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 earnings per share. Equities research analysts forecast that Centuri Holdings, Inc. will post 0.62 earnings per share for the current year.

Insider Transactions at Centuri

In other Centuri news, Director Dustin DeMaria bought 5,200 shares of the business’s stock in a transaction dated Friday, September 18th. The stock was acquired at an average cost of $19.27 per share, with a total value of $100,204.00. Following the purchase, the director owned 12,936 shares in the company, valued at approximately $249,276.72. This represents a 67.22% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.33% of the company’s stock.

Institutional Trading of Centuri

Hedge funds have recently modified their holdings of the business. Reinhart Partners LLC. purchased a new stake in shares of Centuri in the third quarter valued at approximately $76,741,000. Verbena Value LP boosted its holdings in Centuri by 31.3% during the first quarter. Verbena Value LP now owns 1,771,457 shares of the company’s stock worth $51,744,000 after buying an additional 422,593 shares in the last quarter. Renaissance Technologies LLC grew its position in Centuri by 11.5% during the first quarter. Renaissance Technologies LLC now owns 934,300 shares of the company’s stock worth $27,291,000 after buying an additional 96,600 shares during the period. Dimensional Fund Advisors LP increased its holdings in Centuri by 46.2% in the first quarter. Dimensional Fund Advisors LP now owns 890,022 shares of the company’s stock valued at $25,998,000 after buying an additional 281,264 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in Centuri in the second quarter valued at about $23,153,000.

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.