Centuri Holdings, Inc. (NYSE:CTRI) Receives $37.80 Consensus PT from Analysts

Shares of Centuri Holdings, Inc. (NYSE:CTRI) have been given a consensus rating of “Hold” by the five brokerages that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $37.80.

A number of equities research analysts recently issued reports on CTRI shares. Cantor Fitzgerald upped their target price on Centuri from $37.40 to $46.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. UBS Group raised their target price on shares of Centuri from $33.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Wall Street Zen downgraded Centuri from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a research note on Wednesday, June 24th. Finally, Wells Fargo & Company upped their target price on Centuri from $32.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th.

Institutional Investors Weigh In On Centuri

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CTRI. Icahn Carl C boosted its position in Centuri by 32.2% in the 4th quarter. Icahn Carl C now owns 14,336,044 shares of the company’s stock valued at $361,985,000 after buying an additional 3,488,372 shares during the last quarter. Hill City Capital LP increased its position in shares of Centuri by 5.2% during the fourth quarter. Hill City Capital LP now owns 4,030,000 shares of the company’s stock worth $101,758,000 after acquiring an additional 200,000 shares during the last quarter. Carronade Capital Management LP lifted its stake in shares of Centuri by 30.7% in the fourth quarter. Carronade Capital Management LP now owns 3,988,664 shares of the company’s stock worth $100,714,000 after acquiring an additional 935,847 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Centuri in the third quarter worth about $78,222,000. Finally, Balyasny Asset Management L.P. boosted its holdings in Centuri by 77.2% in the third quarter. Balyasny Asset Management L.P. now owns 2,855,064 shares of the company’s stock valued at $60,442,000 after purchasing an additional 1,243,451 shares during the last quarter.

Centuri Price Performance

Shares of NYSE:CTRI opened at $27.29 on Thursday. The business’s 50 day simple moving average is $29.14 and its 200-day simple moving average is $30.18. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 80.26, a price-to-earnings-growth ratio of 0.91 and a beta of 1.06. Centuri has a 12 month low of $19.04 and a 12 month high of $42.99.

Centuri (NYSE:CTRI) last posted its earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.05. The company had revenue of $688.69 million for the quarter, compared to analyst estimates of $618.87 million. Centuri had a return on equity of 5.64% and a net margin of 0.98%.Centuri’s revenue was up 31.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.12) earnings per share. As a group, equities analysts forecast that Centuri will post 0.61 earnings per share for the current fiscal year.

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.