Centuri Holdings, Inc. (NYSE:CTRI – Get Free Report) shares reached a new 52-week low on Thursday. The company traded as low as $18.76 and last traded at $19.0390, with a volume of 278,750 shares. The stock had previously closed at $19.79.
Analysts Set New Price Targets
Several brokerages recently weighed in on CTRI. Robert W. Baird cut their price objective on shares of Centuri from $33.00 to $26.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 29th. Cantor Fitzgerald boosted their target price on shares of Centuri from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Bank of America dropped their price target on shares of Centuri from $33.50 to $21.00 and set an “underperform” rating on the stock in a research note on Friday, September 4th. Wells Fargo & Company cut their price target on shares of Centuri from $37.00 to $29.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Finally, Weiss Ratings lowered shares of Centuri from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Centuri presently has an average rating of “Hold” and an average price target of $28.33.
Check Out Our Latest Stock Report on CTRI
Centuri Stock Up 0.2%
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 firm has a market capitalization of $1.95 billion, a P/E ratio of 62.46, a price-to-earnings-growth ratio of 0.63 and a beta of 1.01. The business has a 50 day moving average price of $20.49 and a 200 day moving average price of $26.61.
Centuri (NYSE:CTRI – Get Free Report) last announced its earnings results 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. The firm had revenue of $959.53 million during the quarter, compared to the consensus estimate of $835.99 million. Centuri had a return on equity of 5.85% and a net margin of 0.86%. The firm’s revenue for the quarter was up 32.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 EPS. On average, analysts predict that Centuri Holdings, Inc. will post 0.61 earnings per share for the current year.
Insider Activity
In related news, Director Dustin DeMaria bought 5,200 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The shares were acquired at an average price of $19.27 per share, with a total value of $100,204.00. Following the completion of the transaction, the director owned 12,936 shares of the company’s stock, valued at $249,276.72. The trade was a 67.22% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.33% of the company’s stock.
Institutional Trading of Centuri
Hedge funds have recently bought and sold shares of the stock. Reinhart Partners LLC. bought a new position in shares of Centuri during the 3rd quarter worth about $76,741,000. Verbena Value LP boosted its position in shares of Centuri by 31.3% during the 1st quarter. Verbena Value LP now owns 1,771,457 shares of the company’s stock valued at $51,744,000 after acquiring an additional 422,593 shares in the last quarter. Renaissance Technologies LLC increased its stake in Centuri by 11.5% in the first quarter. Renaissance Technologies LLC now owns 934,300 shares of the company’s stock valued at $27,291,000 after acquiring an additional 96,600 shares during the period. Dimensional Fund Advisors LP increased its stake in Centuri by 46.2% in the first quarter. Dimensional Fund Advisors LP now owns 890,022 shares of the company’s stock valued at $25,998,000 after acquiring an additional 281,264 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in Centuri by 2.6% in the third quarter. Assenagon Asset Management S.A. now owns 785,725 shares of the company’s stock valued at $15,746,000 after acquiring an additional 20,097 shares during the period.
About Centuri
Centuri Holdings, Inc is a strategic infrastructure services company that supports the development, maintenance and modernization of energy and utility systems. The company provides construction and related services for natural gas and electric distribution infrastructure, including pipelines, utility networks and other assets used to deliver energy to homes, businesses and communities.
Centuri also serves customers in areas such as electric transmission, renewable energy and broader utility infrastructure.
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