Centuri Holdings, Inc. (NYSE:CTRI) Receives Average Rating of “Hold” from Brokerages

Shares of Centuri Holdings, Inc. (NYSE:CTRI) have been given an average rating of “Hold” by the five ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $37.80.

A number of research analysts recently weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a report on Wednesday, June 24th. Robert W. Baird set a $41.00 price target on Centuri in a research note on Friday, May 8th. JPMorgan Chase & Co. raised their price objective on Centuri from $26.00 to $29.00 and gave the stock an “underweight” rating in a report on Friday, May 8th. Wells Fargo & Company lifted their price objective on Centuri from $32.00 to $37.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Finally, Wall Street Zen cut Centuri from a “buy” rating to a “hold” rating in a report on Monday, July 20th.

Institutional Investors Weigh In On Centuri

Several institutional investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. purchased a new position in Centuri in the second quarter valued at about $23,153,000. Militia Capital Management LLC purchased a new stake in shares of Centuri in the first quarter worth about $615,000. Janus Henderson Group PLC boosted its position in shares of Centuri by 24.6% in the first quarter. Janus Henderson Group PLC now owns 43,100 shares of the company’s stock worth $1,259,000 after buying an additional 8,500 shares during the period. Irenic Capital Management LP boosted its holdings in Centuri by 97.1% in the 1st quarter. Irenic Capital Management LP now owns 354,771 shares of the company’s stock worth $10,363,000 after acquiring an additional 174,771 shares during the period. Finally, California State Teachers Retirement System grew its holdings in Centuri by 25.7% during the 1st quarter. California State Teachers Retirement System now owns 107,166 shares of the company’s stock valued at $3,130,000 after purchasing an additional 21,907 shares in the last quarter.

Centuri Stock Down 6.6%

CTRI opened at $24.31 on Thursday. The business has a 50 day simple moving average of $28.98 and a 200-day simple moving average of $30.16. 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 stock has a market capitalization of $2.45 billion, a P/E ratio of 71.51, a P/E/G ratio of 0.86 and a beta of 1.06. Centuri has a 12 month low of $19.04 and a 12 month high of $42.99.

Centuri (NYSE:CTRI) last posted its earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.05. The company had revenue of $688.69 million for 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%.Centuri’s revenue was up 31.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.12) earnings per share. On average, equities analysts anticipate that Centuri will post 0.61 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.