Centuri (NYSE:CTRI) Hits New 12-Month High – Still a Buy?

Centuri Holdings, Inc. (NYSE:CTRI) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $36.03 and last traded at $35.7960, with a volume of 25036 shares changing hands. The stock had previously closed at $35.46.

Wall Street Analyst Weigh In

CTRI has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a research report on Friday, March 27th. Wells Fargo & Company dropped their price target on shares of Centuri from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Finally, Cantor Fitzgerald upped their price target on shares of Centuri from $35.25 to $37.40 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $28.85.

Centuri Price Performance

The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.82. The firm has a 50 day moving average of $31.41 and a 200-day moving average of $27.12. The company has a market cap of $3.79 billion, a P/E ratio of 163.60, a P/E/G ratio of 1.46 and a beta of 0.73.

Centuri (NYSE:CTRI) last issued its earnings results on Wednesday, February 25th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Centuri had a return on equity of 5.09% and a net margin of 0.76%.The company had revenue of $858.60 million for the quarter, compared to the consensus estimate of $740.62 million. During the same quarter in the prior year, the company posted $0.21 EPS. Centuri’s revenue was up 19.7% compared to the same quarter last year. On average, equities research analysts predict that Centuri Holdings, Inc. will post 0.59 EPS for the current year.

Hedge Funds Weigh In On Centuri

A number of hedge funds and other institutional investors have recently modified their holdings of CTRI. Caitong International Asset Management Co. Ltd raised its stake in Centuri by 13,385.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock valued at $40,000 after purchasing an additional 1,874 shares in the last quarter. Amalgamated Bank raised its stake in Centuri by 288.1% during the third quarter. Amalgamated Bank now owns 2,278 shares of the company’s stock valued at $48,000 after purchasing an additional 1,691 shares in the last quarter. CWM LLC raised its stake in shares of Centuri by 59.7% in the fourth quarter. CWM LLC now owns 4,045 shares of the company’s stock valued at $102,000 after acquiring an additional 1,512 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of Centuri in the third quarter valued at $119,000. Finally, Tower Research Capital LLC TRC raised 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 valued at $124,000 after acquiring an additional 3,037 shares during the period.

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.