Centuri Holdings, Inc. (NYSE:CTRI – Get Free Report) shares passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $20.42 and traded as high as $20.67. Centuri shares last traded at $20.6190, with a volume of 1,190,816 shares changing hands.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on CTRI shares. Bank of America cut their target price on shares of Centuri from $33.50 to $21.00 and set an “underperform” rating on the stock in a research note on Friday, September 4th. Wall Street Zen cut shares of Centuri from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Weiss Ratings downgraded shares of Centuri from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Cantor Fitzgerald increased their price objective on shares of Centuri from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Finally, Robert W. Baird reduced their target price on Centuri from $33.00 to $26.00 and set an “outperform” rating for the company in a research note on Tuesday, September 29th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Centuri currently has a consensus rating of “Hold” and a consensus price target of $28.17.
Read Our Latest Research Report on Centuri
Centuri Stock Performance
The business has a fifty day simple moving average of $20.42 and a 200 day simple moving average of $27.35.
Centuri (NYSE:CTRI – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.03. The company had revenue of $959.53 million for the quarter, compared to the consensus estimate of $835.99 million. The company’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 EPS. On average, sell-side analysts predict that Centuri Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Dustin DeMaria purchased 5,200 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The shares were acquired at an average cost of $19.27 per share, for a total transaction of $100,204.00. Following the completion of the acquisition, the director 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Centuri
Institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new position in shares of Centuri during the 2nd quarter worth approximately $33,000. Sterling Capital Management LLC grew its holdings in shares of Centuri by 847.9% in the third quarter. Sterling Capital Management LLC now owns 2,948 shares of the company’s stock valued at $59,000 after acquiring an additional 2,637 shares in the last quarter. KBC Group NV purchased a new stake in shares of Centuri during the first quarter valued at approximately $67,000. Chicago Partners Investment Group LLC purchased a new stake in shares of Centuri during the first quarter valued at approximately $183,000. Finally, Odyssean LLC bought a new stake in Centuri during the second quarter worth $318,000.
About Centuri
Centuri Holdings, Inc is a strategic infrastructure services company that supports the development, maintenance and modernization of energy and utility systems. The company provides construction and related services for natural gas and electric distribution infrastructure, including pipelines, utility networks and other assets used to deliver energy to homes, businesses and communities.
Centuri also serves customers in areas such as electric transmission, renewable energy and broader utility infrastructure.
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