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

Shares of Centuri Holdings, Inc. (NYSE:CTRI) have earned an average recommendation of “Hold” from the six research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $26.40.

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

Insider Activity

In related news, CEO Christian Brown sold 7,108 shares of Centuri stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $24.51, for a total value of $174,217.08. Following the transaction, the chief executive officer directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On Centuri

Large investors have recently modified their holdings of the business. Invesco Ltd. increased its stake in shares of Centuri by 35.2% in the 4th quarter. Invesco Ltd. now owns 73,836 shares of the company’s stock valued at $1,864,000 after purchasing an additional 19,227 shares during the last quarter. SkyView Investment Advisors LLC acquired a new stake in Centuri in the fourth quarter valued at about $253,000. XTX Topco Ltd grew its position in Centuri by 229.7% in the fourth quarter. XTX Topco Ltd now owns 126,392 shares of the company’s stock valued at $3,191,000 after acquiring an additional 88,061 shares during the last quarter. Symmetry Investments LP bought a new position in Centuri in the fourth quarter valued at about $1,010,000. Finally, Tudor Investment Corp ET AL raised its stake in Centuri by 27.7% during the fourth quarter. Tudor Investment Corp ET AL now owns 301,013 shares of the company’s stock worth $7,601,000 after acquiring an additional 65,207 shares in the last quarter.

Centuri Stock Down 2.4%

Shares of CTRI opened at $31.09 on Tuesday. Centuri has a 12 month low of $14.45 and a 12 month high of $32.38. The firm’s 50 day moving average is $27.85 and its 200-day moving average is $23.70. The stock has a market capitalization of $3.10 billion, a PE ratio of 1,036.68, a P/E/G ratio of 1.20 and a beta of 0.80. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.54.

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.