Insider Buying: Centuri (NYSE:CTRI) Director Acquires $100,204.00 in Stock

Centuri Holdings, Inc. (NYSE:CTRI) Director Dustin Demaria bought 5,200 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The shares were bought at an average price of $19.27 per share, with a total value of $100,204.00. Following the transaction, the director directly owned 12,936 shares in the company, valued at $249,276.72. This trade represents a 67.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Centuri Price Performance

Shares of NYSE:CTRI traded up $0.84 on Monday, hitting $20.19. The stock had a trading volume of 545,758 shares, compared to its average volume of 1,513,117. The firm’s 50 day moving average price is $23.18 and its 200-day moving average price is $28.25. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.82 and a current ratio of 1.82. Centuri Holdings, Inc. has a twelve month low of $19.03 and a twelve month high of $42.99. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 65.19, a price-to-earnings-growth ratio of 0.63 and a beta of 1.01.

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

Hedge Funds Weigh In On Centuri

Institutional investors and hedge funds have recently modified their holdings of the company. William Blair Investment Management LLC purchased a new stake in Centuri in the 4th quarter valued at about $20,233,000. Assenagon Asset Management S.A. acquired a new position in shares of Centuri during the 2nd quarter valued at about $23,153,000. Empyrean Capital Partners LP purchased a new position in shares of Centuri during the 4th quarter worth about $14,594,000. Verbena Value LP boosted its position in shares of Centuri by 31.3% in the first quarter. Verbena Value LP now owns 1,771,457 shares of the company’s stock worth $51,744,000 after acquiring an additional 422,593 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Centuri by 46.2% in the first quarter. Dimensional Fund Advisors LP now owns 890,022 shares of the company’s stock worth $25,998,000 after acquiring an additional 281,264 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts recently weighed in on CTRI shares. Bank of America decreased their target price 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. Wells Fargo & Company dropped their target price on shares of Centuri from $37.00 to $29.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Weiss Ratings upgraded Centuri from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th. Wall Street Zen cut Centuri from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Cantor Fitzgerald boosted their target price on Centuri from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $30.67.

Centuri Company Profile

Centuri Group, Inc is a North American utility infrastructure services company that supports the construction, maintenance and modernization of energy networks. The company primarily serves natural gas and electric utilities, providing services across the infrastructure life cycle, from initial engineering and installation to repair, replacement and ongoing maintenance.

Its capabilities include gas distribution construction, electric transmission and distribution work, pipeline integrity services, underground utility installation, emergency response and related engineering and field services.