Centuri Holdings, Inc. (NYSE:CTRI) Given Consensus Rating of “Hold” by Analysts

Centuri Holdings, Inc. (NYSE:CTRI) has received a consensus rating of “Hold” from the five research firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $37.80.

A number of analysts have weighed in on the stock. Robert W. Baird set a $41.00 target price on shares of Centuri in a research report on Friday, May 8th. JPMorgan Chase & Co. lifted their price target on Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a research note on Friday, May 8th. Cantor Fitzgerald boosted their price target on Centuri from $37.40 to $46.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Wall Street Zen downgraded Centuri from a “buy” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, UBS Group raised their price objective on shares of Centuri from $33.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, May 11th.

Hedge Funds Weigh In On Centuri

Hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd grew its stake in shares of Centuri by 13,385.7% in 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. KBC Group NV acquired a new stake in shares of Centuri in the first quarter valued at about $67,000. CWM LLC raised its position 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 acquiring an additional 1,512 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Centuri by 121.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock worth $124,000 after acquiring an additional 3,037 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its holdings in Centuri by 251.0% in the third quarter. Ameritas Investment Partners Inc. now owns 6,083 shares of the company’s stock valued at $129,000 after acquiring an additional 4,350 shares during the last quarter.

Centuri Stock Performance

NYSE:CTRI opened at $30.81 on Friday. 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 stock’s 50-day simple moving average is $32.04 and its 200 day simple moving average is $29.94. The firm has a market capitalization of $3.11 billion, a PE ratio of 90.62, a price-to-earnings-growth ratio of 1.01 and a beta of 1.06.

Centuri (NYSE:CTRI) last issued its earnings results on Wednesday, May 6th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.05. Centuri had a return on equity of 5.64% and a net margin of 0.98%.The firm had revenue of $688.69 million during the quarter, compared to the consensus estimate of $618.87 million. During the same quarter in the previous year, the firm earned ($0.12) earnings per share. The business’s quarterly revenue was up 31.5% on a year-over-year basis. On average, analysts anticipate that Centuri will post 0.61 EPS for the current fiscal year.

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.