Centuri (NYSE:CTRI) Shares Up 11.8% – Still a Buy?

Centuri Holdings, Inc. (NYSE:CTRI)’s stock price shot up 11.8% on Monday. The stock traded as high as $22.47 and last traded at $22.7820. Approximately 168,583 shares were traded during trading, a decline of 90% from the average session volume of 1,636,210 shares. The stock had previously closed at $20.37.

Analysts Set New Price Targets

A number of analysts have weighed in on CTRI shares. Wells Fargo & Company reduced their price objective on shares of Centuri from $28.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday. Bank of America dropped 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. JPMorgan Chase & Co. reduced their price target on shares of Centuri from $23.00 to $22.00 and set an “underweight” rating for the company in a research report on Monday, October 19th. Finally, Cantor Fitzgerald boosted their price objective on shares of Centuri from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.50.

Centuri Stock Up 10.5%

The company’s 50 day moving average price is $20.31 and its two-hundred day moving average price is $27.10. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.88. The firm has a market cap of $2.27 billion, a PE ratio of 40.10, a PEG ratio of 0.67 and a beta of 0.94.

Centuri (NYSE:CTRI) last released its earnings results on Thursday, November 5th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.19. Centuri had a net margin of 1.45% and a return on equity of 8.26%. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the business earned $0.19 EPS. The firm’s revenue was up 40.2% compared to the same quarter last year. On average, equities research analysts expect that Centuri Holdings, Inc. will post 0.61 EPS for the current fiscal year.

Insider Transactions at Centuri

In other Centuri news, Director Dustin DeMaria purchased 5,200 shares of the stock in a transaction that occurred on Friday, September 18th. The shares were bought at an average cost of $19.27 per share, with a total value of $100,204.00. Following the acquisition, the director owned 12,936 shares in the company, valued at approximately $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 this link. Company insiders own 0.33% of the company’s stock.

Institutional Trading of Centuri

Several hedge funds have recently made changes to their positions in CTRI. William Blair Investment Management LLC lifted its position in Centuri by 20.4% in the third quarter. William Blair Investment Management LLC now owns 786,079 shares of the company’s stock worth $15,753,000 after buying an additional 133,383 shares during the last quarter. Fifth Third Bancorp increased its position in Centuri by 99.4% during the third quarter. Fifth Third Bancorp now owns 1,340 shares of the company’s stock valued at $27,000 after acquiring an additional 668 shares during the last quarter. CenterBook Partners LP bought a new position in Centuri during the third quarter valued at $3,103,000. Covestor Ltd raised its stake in shares of Centuri by 52.5% in the third quarter. Covestor Ltd now owns 2,967 shares of the company’s stock valued at $59,000 after acquiring an additional 1,021 shares during the period. Finally, State of Wyoming raised its stake in shares of Centuri by 33.0% in the third quarter. State of Wyoming now owns 21,358 shares of the company’s stock valued at $428,000 after acquiring an additional 5,300 shares during the period.

About Centuri

Centuri Holdings, Inc is a North American utility infrastructure services company that builds, maintains and upgrades systems used to deliver natural gas and electricity. Its work includes installing and replacing underground gas pipelines, constructing and maintaining electric distribution infrastructure, and providing related inspection, repair and emergency-response services.

The company serves regulated utilities and other energy customers across the United States and Canada. Its operating businesses include NPL Construction, Neuco, Linetec Services and Riggs Distler, which provide capabilities spanning gas distribution, electric utility construction and broader infrastructure work.

Centuri previously operated as the infrastructure services business of Southwest Gas Holdings and became publicly traded in 2024.