Centuri (NYSE:CTRI) Sets New 52-Week High – Here’s What Happened

Centuri Holdings, Inc. (NYSE:CTRI) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $32.96 and last traded at $32.0540, with a volume of 76894 shares trading hands. The stock had previously closed at $30.67.

Wall Street Analysts Forecast Growth

CTRI has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Centuri in a report on Friday, March 27th. Wells Fargo & Company dropped their target price on Centuri from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Finally, Cantor Fitzgerald increased their target price on Centuri from $35.25 to $37.40 and gave the company an “overweight” rating in a report on Wednesday, March 25th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $28.85.

Centuri Stock Up 4.0%

The stock has a market cap of $3.37 billion, a PE ratio of 145.13, a price-to-earnings-growth ratio of 1.29 and a beta of 0.73. The firm has a fifty day moving average of $30.10 and a 200 day moving average of $25.72. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.82.

Centuri (NYSE:CTRI) last posted its earnings results on Wednesday, February 25th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The business had revenue of $858.60 million during the quarter, compared to analysts’ expectations of $740.62 million. Centuri had a net margin of 0.76% and a return on equity of 5.09%. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the company earned $0.21 EPS. On average, equities research analysts anticipate that Centuri Holdings, Inc. will post 0.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Centuri

Hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its holdings in shares of Centuri by 13,385.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock worth $40,000 after purchasing an additional 1,874 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Centuri by 288.1% during the third quarter. Amalgamated Bank now owns 2,278 shares of the company’s stock worth $48,000 after purchasing an additional 1,691 shares during the last quarter. CWM LLC grew its holdings in shares of Centuri by 59.7% during the fourth quarter. CWM LLC now owns 4,045 shares of the company’s stock worth $102,000 after purchasing an additional 1,512 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Centuri by 121.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock worth $124,000 after purchasing an additional 3,037 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in shares of Centuri during the third quarter worth about $119,000.

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.