BNP Paribas Financial Markets Raises Position in Centuri Holdings, Inc. $CTRI

BNP Paribas Financial Markets raised its stake in shares of Centuri Holdings, Inc. (NYSE:CTRI) by 25.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 665,521 shares of the company’s stock after purchasing an additional 135,821 shares during the period. BNP Paribas Financial Markets’ holdings in Centuri were worth $16,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CTRI. Vanguard Group Inc. grew its stake in shares of Centuri by 126.0% during the third quarter. Vanguard Group Inc. now owns 8,059,743 shares of the company’s stock valued at $170,625,000 after buying an additional 4,493,955 shares during the last quarter. Icahn Carl C grew its stake in shares of Centuri by 69.4% during the third quarter. Icahn Carl C now owns 10,847,672 shares of the company’s stock valued at $229,645,000 after buying an additional 4,443,795 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Centuri during the third quarter valued at approximately $78,222,000. Samlyn Capital LLC bought a new position in shares of Centuri during the third quarter valued at approximately $36,838,000. Finally, Carronade Capital Management LP grew its stake in shares of Centuri by 125.6% during the third quarter. Carronade Capital Management LP now owns 3,052,817 shares of the company’s stock valued at $64,628,000 after buying an additional 1,699,392 shares during the last quarter.

Centuri Stock Performance

Shares of CTRI stock opened at $29.90 on Friday. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 87.96, a price-to-earnings-growth ratio of 1.03 and a beta of 1.06. 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 business has a fifty day moving average of $32.26 and a 200 day moving average of $29.06. Centuri Holdings, Inc. has a 1 year low of $19.04 and a 1 year high of $42.99.

Centuri (NYSE:CTRI) last issued its earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.05. The company had revenue of $688.69 million during 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%.The firm’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.12) EPS. As a group, research analysts expect that Centuri Holdings, Inc. will post 0.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CTRI. Robert W. Baird set a $41.00 price objective on Centuri in a research note on Friday, May 8th. Cantor Fitzgerald increased their price objective on Centuri from $37.40 to $46.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. UBS Group increased their price objective on Centuri from $33.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Wall Street Zen cut Centuri from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Wells Fargo & Company increased their price objective on Centuri from $32.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Centuri has a consensus rating of “Hold” and an average price target of $37.80.

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.