Ironwood Investment Counsel LLC Invests $823,000 in Centuri Holdings, Inc. $CTRI

Ironwood Investment Counsel LLC acquired a new position in Centuri Holdings, Inc. (NYSE:CTRI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 32,583 shares of the company’s stock, valued at approximately $823,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted 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 buying an additional 1,874 shares during the last quarter. Amalgamated Bank lifted its stake in shares of Centuri by 288.1% in the third quarter. Amalgamated Bank now owns 2,278 shares of the company’s stock worth $48,000 after buying an additional 1,691 shares during the last quarter. CWM LLC lifted its stake in shares of Centuri by 59.7% in the fourth quarter. CWM LLC now owns 4,045 shares of the company’s stock worth $102,000 after buying an additional 1,512 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Centuri by 121.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock valued at $124,000 after purchasing an additional 3,037 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in Centuri during the 3rd quarter valued at $119,000.

Analyst Ratings Changes

CTRI has been the subject of several research analyst reports. Robert W. Baird set a $41.00 target price on shares of Centuri in a research note on Friday, May 8th. Wells Fargo & Company upped their target price on shares of Centuri from $32.00 to $37.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Wall Street Zen upgraded shares of Centuri from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. 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 research note on Friday, May 8th. Finally, Cantor Fitzgerald upped their target price on shares of Centuri from $37.40 to $46.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Centuri presently has an average rating of “Hold” and a consensus target price of $37.80.

Centuri Price Performance

NYSE:CTRI opened at $31.28 on Monday. The stock has a market cap of $3.16 billion, a P/E ratio of 92.01, a PEG ratio of 1.07 and a beta of 1.34. Centuri Holdings, Inc. has a one year low of $17.97 and a one year high of $42.99. The company has a fifty day moving average price of $32.11 and a 200 day moving average price of $28.12. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.88 and a quick ratio of 1.88.

Centuri (NYSE:CTRI) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) earnings per share (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 company had revenue of $688.69 million during the quarter, compared to analysts’ expectations of $618.87 million. During the same quarter in the prior year, the company posted ($0.12) EPS. The business’s revenue was up 31.5% on a year-over-year basis. Analysts anticipate that Centuri Holdings, Inc. will post 0.59 earnings per share for the current year.

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.