Centuri (NYSE:CTRI) Director Acquires $99,990.00 in Stock

Centuri Holdings, Inc. (NYSE:CTRI) Director Anne Mariucci bought 4,545 shares of the business’s stock in a transaction on Tuesday, November 10th. The stock was purchased at an average cost of $22.00 per share, with a total value of $99,990.00. Following the purchase, the director owned 94,254 shares of the company’s stock, valued at $2,073,588. This represents a 5.07% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Centuri Price Performance

NYSE CTRI traded down $0.52 on Friday, reaching $21.73. 82,150 shares of the company’s stock traded hands, compared to its average volume of 1,640,570. The stock has a market cap of $2.19 billion, a PE ratio of 38.74, a P/E/G ratio of 0.78 and a beta of 0.94. Centuri Holdings, Inc. has a 12 month low of $18.50 and a 12 month high of $42.99. The stock has a 50-day simple moving average of $20.48 and a 200 day simple moving average of $26.99. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.84 and a quick ratio of 1.84.

Centuri (NYSE:CTRI) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.19. Centuri had a net margin of 1.45% and a return on equity of 8.26%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the business posted $0.19 EPS. The business’s quarterly revenue was up 40.2% on a year-over-year basis. As a group, research analysts predict that Centuri Holdings, Inc. will post 0.58 earnings per share for the current year.

Hedge Funds Weigh In On Centuri

Hedge funds have recently modified their holdings of the company. Reinhart Partners LLC. bought a new position in shares of Centuri during the third quarter valued at about $76,741,000. Renaissance Technologies LLC increased its stake in shares of Centuri by 11.5% during the first quarter. Renaissance Technologies LLC now owns 934,300 shares of the company’s stock valued at $27,291,000 after buying an additional 96,600 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Centuri by 46.2% during the first quarter. Dimensional Fund Advisors LP now owns 890,022 shares of the company’s stock valued at $25,998,000 after acquiring an additional 281,264 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Centuri by 20.4% during the third quarter. William Blair Investment Management LLC now owns 786,079 shares of the company’s stock valued at $15,753,000 after acquiring an additional 133,383 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Centuri by 2.6% during the third quarter. Assenagon Asset Management S.A. now owns 785,725 shares of the company’s stock valued at $15,746,000 after acquiring an additional 20,097 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have weighed in on CTRI. Cantor Fitzgerald boosted their price target on shares of Centuri from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Wells Fargo & Company reduced their price objective on Centuri from $28.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, November 6th. Wall Street Zen cut Centuri from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Robert W. Baird decreased their price objective on Centuri from $33.00 to $26.00 and set an “outperform” rating on the stock in a report on Tuesday, September 29th. Finally, JPMorgan Chase & Co. lowered their target price on Centuri from $23.00 to $22.00 and set an “underweight” rating for the company in a research note on Monday, October 19th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $27.50.

Centuri News Summary

Here’s some of the latest news about CTRI:

• Positive Sentiment: Director Anne L. Mariucci bought 4,545 shares for about $100,000 at an average price of $22, increasing her position by 5.07%. SEC filing
• Negative Sentiment: Icahn sold about 1.5 million shares across transactions from November 9–12, including a sale of 324,700 shares at an average $17.50. He still owned roughly 12.8 million shares afterward, but the scale and repeated nature of the sales may weigh on sentiment. Insider trading report

About Centuri

Centuri Holdings, Inc. is a North American utility infrastructure services company that builds, maintains and upgrades systems used to deliver natural gas and electricity. Its work includes installing and replacing underground gas pipelines, constructing and maintaining electric distribution infrastructure, and providing related inspection, repair and emergency-response services. The company serves regulated utilities and other energy customers across the United States and Canada. Its operating businesses include NPL Construction, Neuco, Linetec Services and Riggs Distler, which provide capabilities spanning gas distribution, electric utility construction and broader infrastructure work.