Centuri Holdings, Inc. $CTRI Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC increased its stake in shares of Centuri Holdings, Inc. (NYSE:CTRI) by 33.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 617,145 shares of the company’s stock after buying an additional 155,647 shares during the quarter. NEOS Investment Management LLC’s holdings in Centuri were worth $18,662,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CTRI. Icahn Carl C boosted its holdings in shares of Centuri by 32.2% during the fourth quarter. Icahn Carl C now owns 14,336,044 shares of the company’s stock valued at $361,985,000 after acquiring an additional 3,488,372 shares during the period. Hill City Capital LP increased its holdings in shares of Centuri by 5.2% in the 4th quarter. Hill City Capital LP now owns 4,030,000 shares of the company’s stock worth $101,758,000 after acquiring an additional 200,000 shares during the period. Carronade Capital Management LP lifted its position in Centuri by 30.7% in the 4th quarter. Carronade Capital Management LP now owns 3,988,664 shares of the company’s stock valued at $100,714,000 after purchasing an additional 935,847 shares during the last quarter. Wellington Management Group LLP bought a new stake in Centuri in the 3rd quarter valued at about $78,222,000. Finally, Balyasny Asset Management L.P. boosted its stake in Centuri by 77.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 2,855,064 shares of the company’s stock valued at $60,442,000 after purchasing an additional 1,243,451 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have commented on CTRI shares. Wells Fargo & Company dropped their price target on shares of Centuri from $37.00 to $29.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Cantor Fitzgerald boosted their price objective on Centuri from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Wall Street Zen lowered Centuri from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Bank of America lowered their target price on Centuri from $33.50 to $21.00 and set an “underperform” rating on the stock in a research report on Friday. Finally, Robert W. Baird set a $33.00 target price on Centuri in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Centuri currently has a consensus rating of “Hold” and an average target price of $30.67.

Centuri Stock Performance

NYSE:CTRI opened at $20.59 on Friday. Centuri Holdings, Inc. has a twelve month low of $19.04 and a twelve month high of $42.99. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average of $24.75 and a 200-day moving average of $29.06. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 66.42, a price-to-earnings-growth ratio of 0.67 and a beta of 1.01.

Centuri (NYSE:CTRI) last released its earnings results on Tuesday, August 4th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. Centuri had a net margin of 0.86% and a return on equity of 5.85%. The business had revenue of $959.53 million for the quarter, compared to the consensus estimate of $835.99 million. During the same period in the previous year, the firm earned $0.19 EPS. The business’s revenue for the quarter was up 32.9% on a year-over-year basis. Analysts forecast that Centuri Holdings, Inc. will post 0.62 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.