Centuri (NYSE:CTRI) Downgraded to “Hold” Rating by Wall Street Zen

Centuri (NYSE:CTRI) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Monday.

Other analysts have also recently issued reports about the company. Wells Fargo & Company raised their target price on Centuri from $32.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a report on Friday, March 27th. Robert W. Baird set a $41.00 price objective on Centuri in a research report on Friday, May 8th. UBS Group boosted their target price on Centuri from $33.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. upped their target price on Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a report on Friday, May 8th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $37.80.

Centuri Trading Up 0.1%

Shares of CTRI opened at $29.81 on Monday. The stock has a market capitalization of $3.01 billion, a P/E ratio of 87.67, a PEG ratio of 1.03 and a beta of 1.07. Centuri has a twelve month low of $19.04 and a twelve month 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. The firm has a fifty day simple moving average of $32.29 and a two-hundred day simple moving average of $29.76.

Centuri (NYSE:CTRI) last released 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. The firm had revenue of $688.69 million for the quarter, compared to analysts’ expectations of $618.87 million. Centuri had a net margin of 0.98% and a return on equity of 5.64%. The company’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.12) earnings per share. On average, research analysts anticipate that Centuri will post 0.59 EPS for the current year.

Institutional Trading of Centuri

Hedge funds have recently modified their holdings of the business. Militia Capital Management LLC purchased a new stake in shares of Centuri in the 1st quarter worth about $615,000. Janus Henderson Group PLC lifted its position in Centuri by 24.6% during the 1st quarter. Janus Henderson Group PLC now owns 43,100 shares of the company’s stock valued at $1,259,000 after acquiring an additional 8,500 shares during the period. Irenic Capital Management LP lifted its position in Centuri by 97.1% during the 1st quarter. Irenic Capital Management LP now owns 354,771 shares of the company’s stock valued at $10,363,000 after acquiring an additional 174,771 shares during the period. California State Teachers Retirement System boosted its stake in Centuri by 25.7% during the first quarter. California State Teachers Retirement System now owns 107,166 shares of the company’s stock worth $3,130,000 after acquiring an additional 21,907 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in Centuri by 798.4% during the first quarter. Quantinno Capital Management LP now owns 90,811 shares of the company’s stock worth $2,653,000 after acquiring an additional 80,703 shares in the last quarter.

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.