Centuri (NYSE:CTRI) Price Target Raised to $35.25 at Cantor Fitzgerald

Centuri (NYSE:CTRI) had its price objective increased by Cantor Fitzgerald from $34.00 to $35.25 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target would suggest a potential upside of 17.25% from the company’s current price.

CTRI has been the topic of a number of other research reports. UBS Group increased their target price on Centuri from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, November 13th. JPMorgan Chase & Co. increased their price objective 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 boosted their target price on Centuri from $30.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Centuri in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Centuri presently has an average rating of “Hold” and a consensus target price of $28.81.

Centuri Price Performance

NYSE CTRI traded down $1.37 during trading on Friday, reaching $30.06. The company’s stock had a trading volume of 21,111 shares, compared to its average volume of 1,357,368. The firm has a fifty day moving average of $28.17 and a 200 day moving average of $23.88. Centuri has a one year low of $14.45 and a one year high of $32.38. The stock has a market capitalization of $2.99 billion, a PE ratio of 130.24, a P/E/G ratio of 1.15 and a beta of 0.81. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.67 and a quick ratio of 1.67.

Centuri (NYSE:CTRI) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). Centuri had a return on equity of 5.80% and a net margin of 0.76%.The company had revenue of $858.60 million during the quarter, compared to the consensus estimate of $740.62 million. During the same quarter last year, the company posted $0.21 earnings per share. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. Analysts expect that Centuri will post 0.25 EPS for the current fiscal year.

Insiders Place Their Bets

In other Centuri news, CEO Christian Brown sold 7,108 shares of Centuri stock in a transaction 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 sale, the chief executive officer owned 22,089 shares of the company’s stock, valued at $541,401.39. The trade was a 24.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.15% of the company’s stock.

Hedge Funds Weigh In On Centuri

A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its position in shares of Centuri by 59.1% during the second quarter. Geode Capital Management LLC now owns 527,856 shares of the company’s stock worth $11,847,000 after buying an additional 195,992 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Centuri in the 2nd quarter valued at $964,000. New York State Common Retirement Fund lifted its position in shares of Centuri by 3,300.4% during the 3rd quarter. New York State Common Retirement Fund now owns 187,023 shares of the company’s stock worth $3,959,000 after purchasing an additional 181,523 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Centuri during the third quarter worth $1,611,000. Finally, Carronade Capital Management LP raised its stake in Centuri by 1,394.5% in the second quarter. Carronade Capital Management LP now owns 1,353,425 shares of the company’s stock valued at $30,371,000 after buying an additional 1,262,867 shares in 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.