William Blair Investment Management LLC Takes $20.23 Million Position in Centuri Holdings, Inc. $CTRI

William Blair Investment Management LLC acquired a new stake in Centuri Holdings, Inc. (NYSE:CTRI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 801,322 shares of the company’s stock, valued at approximately $20,233,000. William Blair Investment Management LLC owned 0.80% of Centuri as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CTRI. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Centuri by 13,385.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock valued at $40,000 after buying an additional 1,874 shares during the period. Amalgamated Bank lifted its holdings in shares of Centuri by 288.1% in the 3rd quarter. Amalgamated Bank now owns 2,278 shares of the company’s stock valued at $48,000 after buying an additional 1,691 shares during the period. CWM LLC lifted its holdings in shares of Centuri by 59.7% in the 4th quarter. CWM LLC now owns 4,045 shares of the company’s stock valued at $102,000 after buying an additional 1,512 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Centuri by 121.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock valued at $124,000 after buying an additional 3,037 shares during the period. Finally, State of Wyoming acquired a new position in shares of Centuri in the 3rd quarter valued at about $128,000.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CTRI shares. Cantor Fitzgerald boosted their price objective on Centuri from $37.40 to $46.00 and gave the company an “overweight” rating in a report on Monday, May 11th. JPMorgan Chase & Co. boosted their price objective on Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a report on Friday, May 8th. Robert W. Baird set a $41.00 price target on Centuri in a report on Friday, May 8th. UBS Group upped their price target on Centuri from $33.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, Wells Fargo & Company upped their price target on Centuri from $32.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $37.80.

Centuri Stock Performance

NYSE CTRI opened at $30.21 on Tuesday. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 88.84, a PEG ratio of 1.04 and a beta of 1.34. Centuri Holdings, Inc. has a twelve month low of $18.35 and a twelve month high of $42.99. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. The stock has a 50-day moving average of $32.13 and a 200 day moving average of $28.53.

Centuri (NYSE:CTRI) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.05. The company had revenue of $688.69 million during the quarter, compared to analysts’ expectations of $618.87 million. Centuri had a return on equity of 5.64% and a net margin of 0.98%.Centuri’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.12) EPS. Sell-side analysts anticipate that Centuri Holdings, Inc. will post 0.59 EPS 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.