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

Shares of Centuri Holdings, Inc. (NYSE:CTRI) have received a consensus recommendation of “Hold” from the five analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $32.60.

A number of equities research analysts have recently weighed in on CTRI shares. Cantor Fitzgerald boosted their price target on Centuri from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday. Robert W. Baird set a $33.00 target price on shares of Centuri in a research note on Wednesday, August 5th. UBS Group increased their target price on shares of Centuri from $33.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Wells Fargo & Company decreased their price target on shares of Centuri from $37.00 to $29.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Centuri from $26.00 to $29.00 and gave the stock an “underweight” rating in a research note on Friday, May 8th.

Institutional Trading of Centuri

Hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd increased its position in Centuri by 13,385.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock worth $40,000 after buying an additional 1,874 shares during the period. KBC Group NV acquired a new position in shares of Centuri during the first quarter valued at $67,000. CWM LLC grew its position in shares of Centuri by 59.7% during the fourth quarter. CWM LLC now owns 4,045 shares of the company’s stock worth $102,000 after acquiring an additional 1,512 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Centuri by 121.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock worth $124,000 after acquiring an additional 3,037 shares during the last quarter. Finally, Chicago Partners Investment Group LLC bought a new position in shares of Centuri during the first quarter worth about $183,000.

Centuri Stock Performance

Shares of CTRI stock opened at $21.37 on Monday. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 68.94, a PEG ratio of 0.71 and a beta of 1.10. Centuri has a one year low of $19.04 and a one year high of $42.99. The company’s 50-day simple moving average is $26.76 and its 200-day simple moving average is $29.68. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.82 and a current ratio of 1.82.

Centuri (NYSE:CTRI) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.03. Centuri had a return on equity of 5.85% and a net margin of 0.86%.The firm had revenue of $959.53 million during the quarter, compared to analyst estimates of $835.99 million. During the same period in the previous year, the company earned $0.19 earnings per share. Centuri’s quarterly revenue was up 32.9% on a year-over-year basis. Equities analysts anticipate that Centuri will post 0.62 earnings per share for the current fiscal year.

Centuri Company 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.