Hsbc Holdings PLC Acquires 32,379 Shares of Centuri Holdings, Inc. $CTRI

Hsbc Holdings PLC boosted its holdings in Centuri Holdings, Inc. (NYSE:CTRI) by 63.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,507 shares of the company’s stock after buying an additional 32,379 shares during the period. Hsbc Holdings PLC owned approximately 0.08% of Centuri worth $2,418,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in shares of Centuri by 164.9% in the first quarter. Goldman Sachs Group Inc. now owns 153,549 shares of the company’s stock worth $2,517,000 after acquiring an additional 95,585 shares during the period. JPMorgan Chase & Co. raised its stake in shares of 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 purchasing an additional 890 shares during the period. Legal & General Group Plc lifted its holdings in Centuri by 126.8% during the 2nd quarter. Legal & General Group Plc now owns 29,723 shares of the company’s stock worth $667,000 after purchasing an additional 16,618 shares in the last quarter. Rhumbline Advisers lifted its holdings in Centuri by 10.1% during the 2nd quarter. Rhumbline Advisers now owns 24,188 shares of the company’s stock worth $543,000 after purchasing an additional 2,228 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Centuri by 51.4% in the 2nd quarter. American Century Companies Inc. now owns 47,447 shares of the company’s stock worth $1,065,000 after purchasing an additional 16,115 shares during the period.

Wall Street Analysts Forecast Growth

CTRI has been the subject of a number of recent analyst reports. UBS Group lifted their target price on Centuri from $33.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Robert W. Baird set a $41.00 price objective on shares of Centuri in a research report on Friday, May 8th. Wall Street Zen lowered shares of Centuri from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Wells Fargo & Company increased their target price on shares of Centuri from $32.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, Cantor Fitzgerald raised their price target on shares of Centuri from $37.40 to $46.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $37.80.

Centuri Stock Performance

NYSE:CTRI opened at $27.64 on Friday. The stock has a market cap of $2.79 billion, a P/E ratio of 81.28, a PEG ratio of 0.91 and a beta of 1.06. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.82. The business’s 50-day moving average price is $29.20 and its two-hundred day moving average price is $30.15. Centuri Holdings, Inc. has a twelve month low of $19.04 and a twelve month high of $42.99.

Centuri (NYSE:CTRI) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.05. The company had revenue of $688.69 million during the quarter, compared to analyst estimates of $618.87 million. Centuri had a return on equity of 5.64% and a net margin of 0.98%.Centuri’s revenue was up 31.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.12) earnings per share. As a group, equities analysts predict that Centuri Holdings, Inc. will post 0.61 EPS for the current fiscal 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.