Centuri Holdings, Inc. (NYSE:CTRI – Get Free Report) shares passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $20.42 and traded as high as $20.67. Centuri shares last traded at $20.6190, with a volume of 1,190,816 shares changing hands.
Analysts Set New Price Targets
CTRI has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Centuri from $23.00 to $22.00 and set an “underweight” rating for the company in a research note on Monday, October 19th. Wells Fargo & Company dropped their price target on shares of Centuri from $29.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday. Bank of America dropped their price target on shares of Centuri from $33.50 to $21.00 and set an “underperform” rating on the stock in a research note on Friday, September 4th. Weiss Ratings cut shares of Centuri from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Finally, Cantor Fitzgerald raised their price objective on shares of Centuri from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $28.17.
Get Our Latest Report on Centuri
Centuri Price Performance
The stock has a fifty day moving average of $20.37 and a two-hundred day moving average of $27.30. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 41.96, a price-to-earnings-growth ratio of 0.69 and a beta of 1.01. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.81.
Centuri (NYSE:CTRI – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. Centuri had a return on equity of 5.85% and a net margin of 0.86%. The company had revenue of $959.53 million during the quarter, compared to the consensus estimate of $835.99 million. During the same quarter last year, the company earned $0.19 earnings per share. Centuri’s quarterly revenue was up 32.9% compared to the same quarter last year. On average, equities research analysts anticipate that Centuri Holdings, Inc. will post 0.61 earnings per share for the current year.
Insider Transactions at Centuri
In other news, Director Dustin DeMaria acquired 5,200 shares of Centuri stock in a transaction that occurred on Friday, September 18th. The stock was purchased at an average cost of $19.27 per share, with a total value of $100,204.00. Following the completion of the acquisition, the director owned 12,936 shares in the company, valued at $249,276.72. This trade represents a 67.22% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.33% of the company’s stock.
Hedge Funds Weigh In On Centuri
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in shares of Centuri by 46.2% in the first quarter. Dimensional Fund Advisors LP now owns 890,022 shares of the company’s stock valued at $25,998,000 after acquiring an additional 281,264 shares in the last quarter. Irenic Capital Management LP increased its stake in Centuri by 46.2% in the second quarter. Irenic Capital Management LP now owns 518,705 shares of the company’s stock valued at $15,686,000 after purchasing an additional 163,934 shares during the last quarter. Quantinno Capital Management LP lifted its position in Centuri by 798.4% during the first quarter. Quantinno Capital Management LP now owns 90,811 shares of the company’s stock worth $2,653,000 after buying an additional 80,703 shares during the period. NEOS Investment Management LLC lifted its position in Centuri by 33.7% during the second quarter. NEOS Investment Management LLC now owns 617,145 shares of the company’s stock worth $18,662,000 after buying an additional 155,647 shares during the period. Finally, Sei Investments Co. boosted its stake in Centuri by 75.1% in the 1st quarter. Sei Investments Co. now owns 111,437 shares of the company’s stock worth $3,255,000 after buying an additional 47,809 shares during the last quarter.
About Centuri
Centuri Holdings, Inc is a strategic infrastructure services company that supports the development, maintenance and modernization of energy and utility systems. The company provides construction and related services for natural gas and electric distribution infrastructure, including pipelines, utility networks and other assets used to deliver energy to homes, businesses and communities.
Centuri also serves customers in areas such as electric transmission, renewable energy and broader utility infrastructure.
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