Centuri (NYSE:CTRI) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Centuri (NYSE:CTRI) from a buy rating to a hold rating in a research note released on Monday.

Other research analysts have also recently issued research reports about the company. Cantor Fitzgerald lifted their target price on Centuri from $37.40 to $46.00 and gave the company an “overweight” 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 note on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Centuri in a report on Wednesday, June 24th. UBS Group increased their target price on shares of Centuri from $33.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Finally, JPMorgan Chase & Co. raised their price target on shares of Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $37.80.

Centuri Stock Down 1.7%

Shares of NYSE CTRI opened at $27.53 on Monday. The stock has a market capitalization of $2.78 billion, a P/E ratio of 80.96, a P/E/G ratio of 0.93 and a beta of 1.06. The company has a 50-day moving average price of $29.36 and a 200-day moving average price of $30.15. Centuri has a 1 year low of $19.04 and a 1 year high of $42.99. 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 results on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.05. The business had revenue of $688.69 million for 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 firm’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.12) EPS. On average, equities research analysts forecast that Centuri will post 0.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CTRI. State of Wyoming increased its stake in shares of Centuri by 5.0% in the first quarter. State of Wyoming now owns 15,880 shares of the company’s stock worth $464,000 after purchasing an additional 752 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Centuri by 6.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 14,673 shares of the company’s stock valued at $329,000 after buying an additional 890 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its stake in shares of Centuri by 7.0% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 20,461 shares of the company’s stock valued at $517,000 after buying an additional 1,337 shares in the last quarter. Arizona State Retirement System boosted its holdings in Centuri by 5.9% in the 4th quarter. Arizona State Retirement System now owns 25,041 shares of the company’s stock worth $632,000 after buying an additional 1,400 shares during the period. Finally, CWM LLC grew its stake in Centuri by 59.7% in the 4th 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.

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.