Centuri (NYSE:CTRI) Reaches New 52-Week High – Time to Buy?

Centuri Holdings, Inc. (NYSE:CTRI)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $36.03 and last traded at $35.7960, with a volume of 25036 shares traded. The stock had previously closed at $35.46.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Cantor Fitzgerald raised their target price on Centuri from $35.25 to $37.40 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Centuri in a research report on Friday, March 27th. Finally, Wells Fargo & Company decreased their target price on Centuri from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Centuri has a consensus rating of “Hold” and an average target price of $28.85.

Centuri Trading Down 1.8%

The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average price of $31.21 and a 200 day moving average price of $26.99. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 151.47, a PEG ratio of 1.47 and a beta of 0.73.

Centuri (NYSE:CTRI) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). Centuri had a return on equity of 5.09% and a net margin of 0.76%.The firm had revenue of $858.60 million for the quarter, compared to analysts’ expectations of $740.62 million. During the same quarter in the prior year, the business posted $0.21 earnings per share. Centuri’s revenue was up 19.7% on a year-over-year basis. As a group, research analysts anticipate that Centuri Holdings, Inc. will post 0.59 earnings per share for the current fiscal year.

Institutional Trading of Centuri

Several hedge funds and other institutional investors have recently modified their holdings of CTRI. Caitong International Asset Management Co. Ltd raised its holdings in shares of Centuri by 13,385.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock worth $40,000 after acquiring an additional 1,874 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Centuri by 288.1% during 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 in the last quarter. CWM LLC raised its holdings in shares of Centuri by 59.7% during the fourth quarter. CWM LLC now owns 4,045 shares of the company’s stock worth $102,000 after acquiring an additional 1,512 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Centuri during the third quarter worth $119,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of 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 acquiring an additional 3,037 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.