21,048 Shares in Centuri Holdings, Inc. $CTRI Purchased by Militia Capital Management LLC

Militia Capital Management LLC bought a new stake in Centuri Holdings, Inc. (NYSE:CTRI) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 21,048 shares of the company’s stock, valued at approximately $615,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its holdings in shares of Centuri by 164.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 153,549 shares of the company’s stock valued at $2,517,000 after purchasing an additional 95,585 shares during the period. JPMorgan Chase & Co. grew 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 purchasing an additional 890 shares during the period. Legal & General Group Plc increased its position in Centuri by 126.8% during the second quarter. Legal & General Group Plc now owns 29,723 shares of the company’s stock worth $667,000 after buying an additional 16,618 shares during the last quarter. Rhumbline Advisers increased its position in Centuri by 10.1% during the second quarter. Rhumbline Advisers now owns 24,188 shares of the company’s stock worth $543,000 after buying an additional 2,228 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Centuri by 51.4% in the second quarter. American Century Companies Inc. now owns 47,447 shares of the company’s stock valued at $1,065,000 after buying an additional 16,115 shares during the period.

Centuri Price Performance

Shares of NYSE CTRI opened at $27.76 on Friday. The firm has a market cap of $2.80 billion, a P/E ratio of 81.65, a price-to-earnings-growth ratio of 0.91 and a beta of 1.06. The business’s 50 day moving average is $29.27 and its 200-day moving average is $30.17. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. Centuri Holdings, Inc. has a 1-year low of $19.04 and a 1-year high of $42.99.

Centuri (NYSE:CTRI) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.05. Centuri had a return on equity of 5.64% and a net margin of 0.98%.The business had revenue of $688.69 million during the quarter, compared to the consensus estimate of $618.87 million. During the same period in the previous year, the company posted ($0.12) EPS. The firm’s quarterly revenue was up 31.5% on a year-over-year basis. Equities research analysts predict that Centuri Holdings, Inc. will post 0.61 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on CTRI shares. UBS Group lifted their target price on Centuri from $33.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Robert W. Baird set a $41.00 price target on Centuri in a report on Friday, May 8th. JPMorgan Chase & Co. raised their price target on Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a report on Friday, May 8th. Cantor Fitzgerald lifted their price objective on shares of Centuri from $37.40 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Finally, Wall Street Zen downgraded shares of Centuri from a “buy” rating to a “hold” rating in a report on Monday. 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.