Centuri Holdings, Inc. (NYSE:CTRI) Given Average Rating of “Hold” by Analysts

Centuri Holdings, Inc. (NYSE:CTRI) has been assigned an average rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $26.40.

Several research analysts have recently issued reports on the stock. Cantor Fitzgerald assumed coverage on shares of Centuri in a report on Friday, January 23rd. They issued an “overweight” rating and a $34.00 target price on the stock. UBS Group raised their price target on shares of Centuri from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, November 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Centuri in a research note on Monday, December 29th. Wells Fargo & Company increased their target price on shares of Centuri from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. boosted their price target on Centuri from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Thursday, November 6th.

Centuri Stock Performance

NYSE CTRI opened at $27.80 on Friday. The company has a 50-day simple moving average of $25.79 and a two-hundred day simple moving average of $22.62. Centuri has a 12-month low of $14.45 and a 12-month high of $29.01. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 926.84, a PEG ratio of 1.05 and a beta of 0.82. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.54.

Centuri (NYSE:CTRI) last released its earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.13). The company had revenue of $848.55 million during the quarter, compared to the consensus estimate of $762.06 million. Centuri had a net margin of 0.09% and a return on equity of 6.37%. The company’s revenue was up 18.1% on a year-over-year basis. During the same period last year, the firm posted $0.06 EPS. On average, equities analysts forecast that Centuri will post 0.25 EPS for the current year.

Insider Buying and Selling

In related news, CEO Christian Brown sold 7,108 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $24.51, for a total transaction of $174,217.08. Following the completion of the transaction, the chief executive officer owned 22,089 shares in the company, valued at $541,401.39. This represents a 24.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Carl C. Icahn acquired 3,488,372 shares of Centuri stock in a transaction on Friday, November 14th. The shares were bought at an average cost of $21.50 per share, for a total transaction of $74,999,998.00. Following the completion of the transaction, the insider owned 14,336,044 shares in the company, valued at approximately $308,224,946. This trade represents a 32.16% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.15% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Centuri

A number of institutional investors have recently bought and sold shares of CTRI. JPMorgan Chase & Co. boosted its position in Centuri by 6.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 14,673 shares of the company’s stock valued at $329,000 after acquiring an additional 890 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Centuri by 5.9% in the 4th quarter. Arizona State Retirement System now owns 25,041 shares of the company’s stock valued at $632,000 after purchasing an additional 1,400 shares during the period. 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 valued at $102,000 after purchasing an additional 1,512 shares in the last quarter. Amalgamated Bank boosted its position in shares of 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. Finally, Caitong International Asset Management Co. Ltd grew its stake in Centuri by 13,385.7% in the third 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.

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.