William Blair Investment Management LLC Buys Shares of 801,322 Centuri Holdings, Inc. $CTRI

William Blair Investment Management LLC bought a new stake in shares of Centuri Holdings, Inc. (NYSE:CTRI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 801,322 shares of the company’s stock, valued at approximately $20,233,000.

A number of other hedge funds have also made changes to their positions in the company. Jefferies Financial Group Inc. acquired a new position in shares of Centuri during the fourth quarter valued at approximately $229,000. ProShare Advisors LLC raised its holdings in shares of Centuri by 19.1% during the fourth quarter. ProShare Advisors LLC now owns 14,316 shares of the company’s stock valued at $361,000 after acquiring an additional 2,292 shares during the last quarter. Ironwood Investment Counsel LLC acquired a new position in shares of Centuri during the fourth quarter valued at approximately $823,000. Gamco Investors INC. ET AL raised its holdings in shares of Centuri by 52.1% during the fourth quarter. Gamco Investors INC. ET AL now owns 195,500 shares of the company’s stock valued at $4,936,000 after acquiring an additional 67,000 shares during the last quarter. Finally, Truist Financial Corp acquired a new position in shares of Centuri during the fourth quarter valued at approximately $437,000.

Analyst Ratings Changes

CTRI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a report on Friday, May 8th. Cantor Fitzgerald increased their target price on Centuri from $37.40 to $46.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Centuri in a research report on Friday, March 27th. Wells Fargo & Company upped their price target on Centuri from $32.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Finally, UBS Group upped their price target on Centuri from $33.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Centuri has a consensus rating of “Hold” and a consensus price target of $37.80.

Centuri Price Performance

CTRI stock opened at $30.21 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.88 and a quick ratio of 1.88. The business has a 50 day simple moving average of $32.13 and a 200-day simple moving average of $28.53. The firm has a market capitalization of $3.05 billion, a PE ratio of 88.84, a price-to-earnings-growth ratio of 1.04 and a beta of 1.34. Centuri Holdings, Inc. has a 1 year low of $18.35 and a 1 year high of $42.99.

Centuri (NYSE:CTRI) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.05. The business had revenue of $688.69 million during the quarter, compared to analyst estimates of $618.87 million. Centuri had a return on equity of 5.64% and a net margin of 0.98%.The business’s revenue was up 31.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.12) earnings per share. Equities research analysts anticipate that Centuri Holdings, Inc. will post 0.59 earnings per share for the current fiscal year.

About Centuri

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.