Centuri (NYSE:CTRI) Given New $26.00 Price Target at Robert W. Baird

Centuri (NYSE:CTRI) had its price objective reduced by research analysts at Robert W. Baird from $33.00 to $26.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 30.81% from the company’s previous close.

CTRI has been the topic of a number of other research reports. Bank of America reduced their price objective on Centuri from $33.50 to $21.00 and set an “underperform” rating on the stock in a research report on Friday, September 4th. Wall Street Zen lowered Centuri from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Wells Fargo & Company reduced their price target on Centuri from $37.00 to $29.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Cantor Fitzgerald upped their price objective on Centuri from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Finally, Weiss Ratings raised shares of Centuri from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $29.50.

Centuri Price Performance

Shares of NYSE:CTRI opened at $19.88 on Tuesday. Centuri has a one year low of $19.03 and a one year high of $42.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.82 and a quick ratio of 1.82. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 64.12, a PEG ratio of 0.67 and a beta of 1.01. The firm has a 50 day simple moving average of $22.37 and a 200 day simple moving average of $27.84.

Centuri (NYSE:CTRI) last posted its earnings results on Tuesday, August 4th. The company reported $0.24 earnings per share 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 firm had revenue of $959.53 million for the quarter, compared to analysts’ expectations of $835.99 million. During the same quarter in the previous year, the firm posted $0.19 earnings per share. The company’s revenue was up 32.9% on a year-over-year basis. Research analysts predict that Centuri will post 0.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Centuri

In related news, Director Dustin DeMaria purchased 5,200 shares of the firm’s stock in a transaction dated Friday, September 18th. The stock was bought at an average price of $19.27 per share, with a total value of $100,204.00. Following the completion of the purchase, the director owned 12,936 shares in the company, valued at approximately $249,276.72. This represents a 67.22% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.33% of the company’s stock.

Institutional Trading of Centuri

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Wyoming lifted its stake in shares of Centuri by 5.0% in the 1st quarter. State of Wyoming now owns 15,880 shares of the company’s stock valued at $464,000 after purchasing an additional 752 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in Centuri during the second quarter worth approximately $33,000. Corient Private Wealth LP increased its holdings in Centuri by 2.7% in the second quarter. Corient Private Wealth LP now owns 56,606 shares of the company’s stock worth $1,712,000 after purchasing an additional 1,471 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in Centuri by 17.1% in the first quarter. Pictet Asset Management Holding SA now owns 13,263 shares of the company’s stock worth $387,000 after purchasing an additional 1,937 shares in the last quarter. Finally, KBC Group NV bought a new stake in Centuri in the first quarter worth approximately $67,000.

About Centuri

Centuri Group, Inc is a North American utility infrastructure services company that supports the construction, maintenance and modernization of energy networks. The company primarily serves natural gas and electric utilities, providing services across the infrastructure life cycle, from initial engineering and installation to repair, replacement and ongoing maintenance.

Its capabilities include gas distribution construction, electric transmission and distribution work, pipeline integrity services, underground utility installation, emergency response and related engineering and field services.