Centuri Holdings, Inc. (NYSE:CTRI) Stock Has Consensus Price Target of $29.50

Shares of Centuri Holdings, Inc. (NYSE:CTRI) have received an average rating of “Hold” from the seven research firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $29.50.

Several brokerages have commented on CTRI. Cantor Fitzgerald boosted their target price on shares of Centuri from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Robert W. Baird decreased their price target on Centuri from $33.00 to $26.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 29th. Bank of America dropped their price objective on Centuri from $33.50 to $21.00 and set an “underperform” rating for the company in a research note on Friday, September 4th. Wells Fargo & Company cut their price target on Centuri from $37.00 to $29.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. Finally, Wall Street Zen cut shares of Centuri from a “buy” rating to a “hold” rating in a research report on Monday, July 20th.

Centuri Trading Down 1.1%

NYSE:CTRI opened at $20.67 on Tuesday. Centuri has a 12-month low of $19.03 and a 12-month high of $42.99. 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 stock’s 50 day simple moving average is $21.09 and its 200-day simple moving average is $27.20. The firm has a market cap of $2.09 billion, a P/E ratio of 66.69, a PEG ratio of 0.68 and a beta of 1.01.

Centuri (NYSE:CTRI) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. The company had revenue of $959.53 million for the quarter, compared to analysts’ expectations of $835.99 million. Centuri had a net margin of 0.86% and a return on equity of 5.85%. Centuri’s revenue was up 32.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.19 EPS. Equities analysts anticipate that Centuri will post 0.62 EPS for the current year.

Insider Buying and Selling at Centuri

In related news, Director Dustin DeMaria acquired 5,200 shares of the firm’s stock in a transaction that occurred on Friday, September 18th. The shares were acquired at an average price of $19.27 per share, with a total value of $100,204.00. Following the completion of the purchase, the director directly owned 12,936 shares in the company, valued at approximately $249,276.72. The trade was a 67.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Centuri

Institutional investors have recently added to or reduced their stakes in the business. Reinhart Partners LLC. bought a new stake in Centuri in the third quarter valued at about $76,741,000. Assenagon Asset Management S.A. acquired a new position in Centuri in the second quarter worth $23,153,000. Empyrean Capital Partners LP acquired a new stake in shares of Centuri during the fourth quarter worth $14,594,000. Verbena Value LP lifted its position in shares of Centuri by 31.3% in the 1st 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 during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Centuri by 46.2% during the first quarter. Dimensional Fund Advisors LP now owns 890,022 shares of the company’s stock worth $25,998,000 after acquiring an additional 281,264 shares during the period.

Centuri Company Profile

Centuri Holdings, Inc (NYSE: CTRI) is an infrastructure services company that supports the development, maintenance and modernization of essential utility systems in the United States and Canada. Its customers primarily include natural gas and electric utilities, municipalities and other infrastructure owners.

The company provides construction and maintenance services for gas distribution networks, electric transmission and distribution systems, and other underground utility infrastructure.