Robert W. Baird Cuts Centuri (NYSE:CTRI) Price Target to $26.00

Centuri (NYSE:CTRI) had its price target trimmed by Robert W. Baird from $33.00 to $26.00 in a report published on Tuesday, MarketBeat reports. The firm currently has an outperform rating on the stock.

Several other equities analysts have also issued reports on CTRI. Wells Fargo & Company lowered their price target on Centuri from $37.00 to $29.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Weiss Ratings raised shares of Centuri from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. Bank of America reduced their price objective on shares of Centuri from $33.50 to $21.00 and set an “underperform” rating for the company in a research note on Friday, September 4th. Cantor Fitzgerald lifted their target price on shares of Centuri from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Finally, Wall Street Zen downgraded shares of Centuri from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $29.50.

Centuri Stock Up 2.7%

Shares of NYSE:CTRI opened at $20.59 on Tuesday. The stock has a fifty day simple moving average of $21.93 and a two-hundred day simple moving average of $27.65. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 66.41, a PEG ratio of 0.65 and a beta of 1.01. 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.

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

Insider Buying and Selling at Centuri

In other Centuri news, Director Dustin DeMaria purchased 5,200 shares of the firm’s stock in a transaction dated Friday, September 18th. The stock was purchased at an average price of $19.27 per share, for a total transaction of $100,204.00. Following the completion of the purchase, the director directly owned 12,936 shares of the company’s stock, valued at $249,276.72. This trade represents a 67.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Centuri

Large investors have recently bought and sold shares of the business. State of Wyoming grew its stake in shares of Centuri by 5.0% in the first quarter. State of Wyoming now owns 15,880 shares of the company’s stock worth $464,000 after acquiring an additional 752 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Centuri during the second quarter valued at approximately $33,000. Corient Private Wealth LP lifted its position in Centuri by 2.7% during the second quarter. Corient Private Wealth LP now owns 56,606 shares of the company’s stock valued at $1,712,000 after purchasing an additional 1,471 shares during the period. Pictet Asset Management Holding SA lifted its position in Centuri by 17.1% during the first quarter. Pictet Asset Management Holding SA now owns 13,263 shares of the company’s stock valued at $387,000 after purchasing an additional 1,937 shares during the period. Finally, KBC Group NV purchased a new stake in Centuri in the first quarter worth approximately $67,000.

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.