Centuri Holdings, Inc. (NYSE:CTRI) Receives Average Recommendation of “Hold” from Analysts

Centuri Holdings, Inc. (NYSE:CTRI) has been given an average rating of “Hold” by the six research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $26.40.

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

Insider Transactions at Centuri

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

Institutional Investors Weigh In On Centuri

A number of hedge funds have recently added to or reduced their stakes in CTRI. Caitong International Asset Management Co. Ltd increased its holdings in Centuri by 13,385.7% during the 3rd 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. Amalgamated Bank lifted its holdings in Centuri by 288.1% during the 3rd quarter. Amalgamated Bank now owns 2,278 shares of the company’s stock worth $48,000 after buying an additional 1,691 shares during the last quarter. CWM LLC raised its position in shares of Centuri by 238.1% during the 2nd quarter. CWM LLC now owns 2,688 shares of the company’s stock worth $60,000 after acquiring an additional 1,893 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in Centuri during the third quarter worth approximately $119,000. Finally, Tower Research Capital LLC TRC boosted its holdings in 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 purchasing an additional 3,037 shares in the last quarter.

Centuri Price Performance

NYSE CTRI opened at $28.39 on Friday. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 946.65, a PEG ratio of 1.06 and a beta of 0.82. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.67 and a quick ratio of 1.67. The stock’s fifty day moving average price is $24.98 and its 200 day moving average price is $22.38. Centuri has a 1 year low of $14.45 and a 1 year high of $28.75.

Centuri (NYSE:CTRI) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.13). Centuri had a return on equity of 6.37% and a net margin of 0.09%.The firm had revenue of $848.55 million during the quarter, compared to analysts’ expectations of $762.06 million. During the same quarter in the previous year, the business earned $0.06 earnings per share. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. As a group, equities research analysts forecast that Centuri will post 0.25 earnings per share for the current year.

About Centuri

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.