NFJ Investment Group LLC Buys New Shares in Centuri Holdings, Inc. $CTRI

NFJ Investment Group LLC bought a new stake in shares of Centuri Holdings, Inc. (NYSE:CTRI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 102,152 shares of the company’s stock, valued at approximately $2,579,000. NFJ Investment Group LLC owned 0.10% of Centuri as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in Centuri by 6.5% during the second quarter. JPMorgan Chase & Co. now owns 14,673 shares of the company’s stock worth $329,000 after buying an additional 890 shares during the last quarter. Police & Firemen s Retirement System of New Jersey raised its holdings in Centuri by 7.0% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 20,461 shares of the company’s stock worth $517,000 after buying an additional 1,337 shares during the last quarter. Arizona State Retirement System raised its holdings in Centuri by 5.9% during the fourth quarter. Arizona State Retirement System now owns 25,041 shares of the company’s stock worth $632,000 after buying an additional 1,400 shares during the last quarter. CWM LLC raised its holdings in Centuri by 59.7% during the fourth quarter. CWM LLC now owns 4,045 shares of the company’s stock worth $102,000 after buying an additional 1,512 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in 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 buying an additional 1,874 shares during the last quarter.

Centuri Stock Up 0.1%

CTRI opened at $30.38 on Monday. 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 company’s 50-day moving average is $32.30 and its 200 day moving average is $29.46. Centuri Holdings, Inc. has a fifty-two week low of $19.04 and a fifty-two week high of $42.99. The firm has a market capitalization of $3.07 billion, a P/E ratio of 89.34, a PEG ratio of 1.05 and a beta of 1.07.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Centuri in a report on Friday, March 27th. Wells Fargo & Company upped their price objective on shares of Centuri from $32.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Robert W. Baird set a $41.00 price objective on shares of Centuri in a report on Friday, May 8th. Cantor Fitzgerald upped their price objective on shares of Centuri from $37.40 to $46.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Finally, Wall Street Zen upgraded shares of Centuri from a “hold” rating to a “buy” rating in a report on Sunday. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Centuri currently has a consensus rating of “Hold” and an average target price of $37.80.

Centuri 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.