Centuri (NYSE:CTRI) Hits New 1-Year High – Time to Buy?

Centuri Holdings, Inc. (NYSE:CTRI)’s stock price reached a new 52-week high on Thursday . The company traded as high as $28.75 and last traded at $28.2360, with a volume of 864354 shares traded. The stock had previously closed at $27.83.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CTRI shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Centuri in a research note on Monday, December 29th. JPMorgan Chase & Co. raised their price target on Centuri from $20.00 to $22.00 and gave the company an “underweight” rating in a research report on Thursday, November 6th. Wells Fargo & Company lifted their price target on Centuri from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Finally, UBS Group boosted their price objective on shares of Centuri from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $24.50.

Centuri Stock Performance

The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.54. The stock has a fifty day moving average price of $24.83 and a two-hundred day moving average price of $22.34. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 941.51, a PEG ratio of 1.05 and a beta of 0.82.

Centuri (NYSE:CTRI) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.13). Centuri had a net margin of 0.09% and a return on equity of 6.37%. The company had revenue of $848.55 million for the quarter, compared to analyst estimates of $762.06 million. During the same period in the previous year, the business earned $0.06 EPS. The firm’s revenue was up 18.1% on a year-over-year basis. As a group, analysts forecast that Centuri Holdings, Inc. will post 0.25 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Christian Brown sold 7,108 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $24.51, for a total transaction of $174,217.08. Following the transaction, the chief executive officer owned 22,089 shares of the company’s stock, valued at approximately $541,401.39. This represents a 24.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Carl C. Icahn bought 3,488,372 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were purchased at an average price of $21.50 per share, for a total transaction of $74,999,998.00. Following the transaction, the insider owned 14,336,044 shares of the company’s stock, valued at $308,224,946. The trade was a 32.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.15% of the company’s stock.

Hedge Funds Weigh In On Centuri

Institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd boosted its stake in Centuri by 13,385.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock worth $40,000 after buying an additional 1,874 shares during the last quarter. Amalgamated Bank boosted its position in shares of Centuri by 288.1% in the third quarter. Amalgamated Bank now owns 2,278 shares of the company’s stock worth $48,000 after acquiring an additional 1,691 shares during the last quarter. CWM LLC grew its holdings in Centuri by 238.1% in the second quarter. CWM LLC now owns 2,688 shares of the company’s stock valued at $60,000 after purchasing an additional 1,893 shares during the period. State of Alaska Department of Revenue purchased a new stake in Centuri in the third quarter valued at approximately $119,000. Finally, Tower Research Capital LLC TRC increased its position in Centuri by 121.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock worth $124,000 after purchasing an additional 3,037 shares during the last quarter.

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.