Centuri (NYSE:CTRI – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Monday.
Several other analysts have also recently weighed in on CTRI. Wells Fargo & Company increased their price target on shares of Centuri from $32.00 to $37.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. UBS Group upped their price objective on Centuri from $33.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Cantor Fitzgerald increased their price objective on Centuri from $37.40 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a research report on Wednesday, June 24th. Finally, Robert W. Baird set a $41.00 target price on Centuri in a research note on Friday, May 8th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.80.
Get Our Latest Analysis on Centuri
Centuri Stock Up 2.6%
Centuri (NYSE:CTRI – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.05. Centuri had a net margin of 0.98% and a return on equity of 5.64%. The firm had revenue of $688.69 million during the quarter, compared to analyst estimates of $618.87 million. During the same quarter in the prior year, the firm posted ($0.12) earnings per share. Centuri’s quarterly revenue was up 31.5% on a year-over-year basis. As a group, equities analysts anticipate that Centuri will post 0.61 earnings per share for the current year.
Institutional Investors Weigh In On Centuri
A number of institutional investors have recently made changes to their positions in the stock. Tudor Investment Corp ET AL purchased a new position in shares of Centuri during the 3rd quarter worth approximately $4,992,000. JPMorgan Chase & Co. raised its position in Centuri by 942.9% in the third quarter. JPMorgan Chase & Co. now owns 153,022 shares of the company’s stock valued at $3,239,000 after purchasing an additional 138,349 shares during the period. UBS Group AG raised its position in Centuri by 59.9% in the fourth quarter. UBS Group AG now owns 1,025,061 shares of the company’s stock valued at $25,883,000 after purchasing an additional 384,054 shares during the period. SG Americas Securities LLC raised its position in Centuri by 2,451.8% in the fourth quarter. SG Americas Securities LLC now owns 464,075 shares of the company’s stock valued at $11,718,000 after purchasing an additional 445,889 shares during the period. Finally, William Blair Investment Management LLC acquired a new position in Centuri during the fourth quarter worth $20,233,000.
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.
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