Centuri Holdings, Inc. (NYSE:CTRI) Given Consensus Rating of “Hold” by Analysts

Centuri Holdings, Inc. (NYSE:CTRI) has earned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $37.80.

CTRI has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on shares of Centuri from $32.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Wall Street Zen upgraded Centuri from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. increased 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. Robert W. Baird set a $41.00 target price on Centuri in a research note on Friday, May 8th. Finally, Cantor Fitzgerald boosted their price target on Centuri from $37.40 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th.

Hedge Funds Weigh In On Centuri

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tudor Investment Corp ET AL bought a new position in shares of Centuri in the third quarter valued at approximately $4,992,000. JPMorgan Chase & Co. raised its holdings in Centuri by 942.9% during the third quarter. JPMorgan Chase & Co. now owns 153,022 shares of the company’s stock worth $3,239,000 after purchasing an additional 138,349 shares in the last quarter. Hudson Bay Capital Management LP lifted its position in Centuri by 68.5% in the third quarter. Hudson Bay Capital Management LP now owns 126,385 shares of the company’s stock worth $2,676,000 after purchasing an additional 51,385 shares during the period. New York State Common Retirement Fund boosted its stake in Centuri by 3,300.4% during the 3rd quarter. New York State Common Retirement Fund now owns 187,023 shares of the company’s stock valued at $3,959,000 after purchasing an additional 181,523 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in Centuri by 492.0% during the 3rd quarter. Citigroup Inc. now owns 92,634 shares of the company’s stock valued at $1,961,000 after purchasing an additional 76,987 shares in the last quarter.

Centuri Stock Performance

NYSE:CTRI traded down $1.18 during midday trading on Friday, reaching $31.28. 1,381,890 shares of the company traded hands, compared to its average volume of 1,693,562. Centuri has a twelve month low of $17.97 and a twelve month high of $42.99. 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 has a fifty day moving average price of $32.11 and a 200 day moving average price of $28.06. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 92.01, a price-to-earnings-growth ratio of 1.11 and a beta of 1.34.

Centuri (NYSE:CTRI) last announced 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 net margin of 0.98% and a return on equity of 5.64%. The company had revenue of $688.69 million during the quarter, compared to the consensus estimate of $618.87 million. During the same quarter in the previous year, the company posted ($0.12) earnings per share. The company’s revenue for the quarter was up 31.5% compared to the same quarter last year. On average, analysts expect that Centuri will post 0.59 EPS 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.