102,152 Shares in Centuri Holdings, Inc. $CTRI Purchased by NFJ Investment Group LLC

NFJ Investment Group LLC acquired a new position in shares of Centuri Holdings, Inc. (NYSE:CTRI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 102,152 shares of the company’s stock, valued at approximately $2,579,000.

A number of other large investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in Centuri by 6.5% during the second quarter. JPMorgan Chase & Co. now owns 14,673 shares of the company’s stock worth $329,000 after buying an additional 890 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its holdings in Centuri by 7.0% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 20,461 shares of the company’s stock worth $517,000 after buying an additional 1,337 shares during the last quarter. Arizona State Retirement System increased its holdings in Centuri by 5.9% during the fourth quarter. Arizona State Retirement System now owns 25,041 shares of the company’s stock worth $632,000 after buying an additional 1,400 shares during the last quarter. CWM LLC increased its holdings in Centuri by 59.7% during the fourth quarter. CWM LLC now owns 4,045 shares of the company’s stock worth $102,000 after buying an additional 1,512 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings 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 worth $40,000 after buying an additional 1,874 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CTRI shares. Wells Fargo & Company raised their price objective on shares of Centuri from $32.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a research note on Friday, March 27th. Robert W. Baird set a $41.00 target price on shares of Centuri in a research note on Friday, May 8th. Cantor Fitzgerald lifted their target price on shares of Centuri from $37.40 to $46.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Centuri from $26.00 to $29.00 and gave the stock an “underweight” rating in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Centuri presently has an average rating of “Hold” and a consensus target price of $37.80.

Centuri Trading Up 0.1%

Shares of Centuri stock opened at $30.38 on Monday. Centuri Holdings, Inc. has a 1 year low of $19.04 and a 1 year high of $42.99. The firm has a market cap of $3.07 billion, a PE ratio of 89.34, a PEG ratio of 1.05 and a beta of 1.07. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.88 and a quick ratio of 1.88. The company has a 50 day simple moving average of $32.30 and a two-hundred day simple moving average of $29.46.

Centuri (NYSE:CTRI) last announced its earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.05. Centuri had a net margin of 0.98% and a return on equity of 5.64%. The business had revenue of $688.69 million during the quarter, compared to analyst estimates of $618.87 million. During the same period in the previous year, the business posted ($0.12) earnings per share. Centuri’s revenue for the quarter was up 31.5% on a year-over-year basis. Analysts expect that Centuri Holdings, Inc. will post 0.59 earnings per share for the current fiscal year.

Centuri 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.