Needham Investment Management LLC Grows Stock Holdings in Centuri Holdings, Inc. $CTRI

Needham Investment Management LLC lifted its stake in shares of Centuri Holdings, Inc. (NYSE:CTRIFree Report) by 29.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 797,628 shares of the company’s stock after purchasing an additional 182,500 shares during the quarter. Centuri accounts for about 1.3% of Needham Investment Management LLC’s holdings, making the stock its 25th largest position. Needham Investment Management LLC’s holdings in Centuri were worth $20,140,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd increased its holdings in Centuri by 13,385.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock worth $40,000 after acquiring an additional 1,874 shares during the period. CWM LLC grew its position in Centuri by 59.7% during the fourth quarter. CWM LLC now owns 4,045 shares of the company’s stock worth $102,000 after buying an additional 1,512 shares in the last quarter. Tower Research Capital LLC TRC raised 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 acquiring an additional 3,037 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Centuri by 251.0% during the third quarter. Ameritas Investment Partners Inc. now owns 6,083 shares of the company’s stock worth $129,000 after purchasing an additional 4,350 shares in the last quarter. Finally, Inspire Advisors LLC bought a new position in shares of Centuri in the fourth quarter worth approximately $220,000.

Centuri Price Performance

Shares of NYSE:CTRI opened at $31.47 on Tuesday. The stock has a market cap of $3.18 billion, a PE ratio of 92.56, a PEG ratio of 1.05 and a beta of 1.07. The company’s fifty day moving average is $32.33 and its 200 day moving average is $29.53. Centuri Holdings, Inc. has a 52 week low of $19.04 and a 52 week high of $42.99. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.82.

Centuri (NYSE:CTRIGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.05. Centuri had a net margin of 0.98% and a return on equity of 5.64%. The business had revenue of $688.69 million during the quarter, compared to analyst estimates of $618.87 million. During the same period in the prior year, the business posted ($0.12) earnings per share. The company’s revenue was up 31.5% on a year-over-year basis. Research analysts anticipate that Centuri Holdings, Inc. will post 0.59 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Centuri from $26.00 to $29.00 and gave the stock an “underweight” rating in a report on Friday, May 8th. UBS Group raised their price target on Centuri from $33.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Cantor Fitzgerald lifted their price target on Centuri from $37.40 to $46.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Robert W. Baird set a $41.00 price objective on Centuri in a report on Friday, May 8th. Finally, Wall Street Zen raised Centuri from a “hold” rating to a “buy” rating in a report on Sunday. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Centuri has a consensus rating of “Hold” and an average target price of $37.80.

Check Out Our Latest Report on CTRI

Centuri Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Centuri (NYSE:CTRI)

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