Icahn Carl C Grows Position in Centuri Holdings, Inc. $CTRI

Icahn Carl C lifted its position in Centuri Holdings, Inc. (NYSE:CTRI) by 69.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,847,672 shares of the company’s stock after purchasing an additional 4,443,795 shares during the quarter. Centuri accounts for 2.5% of Icahn Carl C’s portfolio, making the stock its 7th largest position. Icahn Carl C owned about 12.24% of Centuri worth $229,645,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in Centuri by 164.9% during the first quarter. Goldman Sachs Group Inc. now owns 153,549 shares of the company’s stock worth $2,517,000 after buying an additional 95,585 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Centuri during the 2nd quarter worth about $431,000. Geode Capital Management LLC lifted its holdings in shares of Centuri by 59.1% during the 2nd quarter. Geode Capital Management LLC now owns 527,856 shares of the company’s stock worth $11,847,000 after acquiring an additional 195,992 shares during the period. Swiss National Bank boosted its position in shares of Centuri by 163.0% during the 2nd quarter. Swiss National Bank now owns 67,600 shares of the company’s stock valued at $1,517,000 after acquiring an additional 41,900 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new stake in shares of Centuri during the 2nd quarter valued at about $216,000.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Centuri from $30.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Centuri in a report on Monday, December 29th. Finally, Cantor Fitzgerald upped their price objective on Centuri from $34.00 to $35.25 and gave the company an “overweight” rating in a research note on Friday, February 27th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $28.81.

Centuri Stock Up 1.7%

Shares of NYSE CTRI opened at $29.30 on Monday. Centuri Holdings, Inc. has a 52-week low of $14.45 and a 52-week high of $32.38. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.78 and a current ratio of 1.78. The business has a fifty day moving average of $29.07 and a two-hundred day moving average of $24.67. The stock has a market cap of $2.95 billion, a PE ratio of 127.38, a PEG ratio of 1.18 and a beta of 0.62.

Centuri (NYSE:CTRI) last posted its earnings results on Wednesday, February 25th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $858.60 million during the quarter, compared to the consensus estimate of $740.62 million. Centuri had a return on equity of 5.09% and a net margin of 0.76%.The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. As a group, equities research analysts expect that Centuri Holdings, Inc. will post 0.25 earnings per share 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.