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

Shares of Centuri Holdings, Inc. (NYSE:CTRI) have received a consensus recommendation of “Hold” from the five analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $37.80.

Several equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a research note on Friday, March 27th. 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. Wells Fargo & Company raised their price objective on Centuri from $32.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. lifted their target price on Centuri from $26.00 to $29.00 and gave the stock an “underweight” rating in a research note on Friday, May 8th. Finally, Robert W. Baird set a $41.00 target price on Centuri in a report on Friday, May 8th.

Centuri Price Performance

Shares of CTRI opened at $30.63 on Wednesday. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 90.09, a PEG ratio of 1.04 and a beta of 1.06. Centuri has a 1-year low of $19.04 and a 1-year high of $42.99. The company’s fifty day simple moving average is $32.21 and its 200 day simple moving average is $28.85. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82.

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. The firm had revenue of $688.69 million during 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 last year, the company posted ($0.12) earnings per share. On average, research analysts forecast that Centuri will post 0.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Centuri

Institutional investors and hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted its holdings in Centuri by 13,385.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock valued at $40,000 after purchasing an additional 1,874 shares during the period. KBC Group NV bought a new position in shares of Centuri during the first quarter worth approximately $67,000. CWM LLC raised its position in shares of Centuri by 59.7% in the fourth quarter. CWM LLC now owns 4,045 shares of the company’s stock valued at $102,000 after buying an additional 1,512 shares in the last quarter. Tower Research Capital LLC TRC raised its position 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 valued at $124,000 after buying an additional 3,037 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of Centuri in the third quarter valued at approximately $128,000.

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.