Centuri Holdings, Inc. (NYSE:CTRI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Centuri Holdings, Inc. (NYSE:CTRI) have been assigned a consensus recommendation of “Hold” from the five research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $37.80.

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a report on Friday, May 8th. Wells Fargo & Company lifted their price target on Centuri from $32.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Centuri in a research report on Wednesday, June 24th. UBS Group boosted their price target on Centuri from $33.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Finally, Wall Street Zen lowered Centuri from a “buy” rating to a “hold” rating in a research note on Monday.

Centuri Price Performance

Shares of CTRI opened at $27.53 on Thursday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. The company’s fifty day simple moving average is $29.36 and its 200 day simple moving average is $30.15. Centuri has a 1-year low of $19.04 and a 1-year high of $42.99. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 80.96, a PEG ratio of 0.93 and a beta of 1.06.

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

Institutional Investors Weigh In On Centuri

Large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP acquired a new stake in Centuri during the 3rd quarter valued at $78,222,000. Icahn Carl C increased its holdings in shares of Centuri by 32.2% in the fourth quarter. Icahn Carl C now owns 14,336,044 shares of the company’s stock valued at $361,985,000 after purchasing an additional 3,488,372 shares during the last quarter. Samlyn Capital LLC bought a new position in shares of Centuri in the third quarter valued at about $36,838,000. Maverick Capital Ltd. bought a new position in shares of Centuri in the fourth quarter valued at about $42,240,000. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Centuri during the 2nd quarter worth about $36,165,000.

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.