Centuri Holdings, Inc. (NYSE:CTRI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Centuri Holdings, Inc. (NYSE:CTRI) have earned an average recommendation of “Hold” from the five brokerages that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $37.80.

A number of research analysts have weighed in on CTRI shares. Wells Fargo & Company boosted 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 lowered shares of Centuri from a “buy” rating to a “hold” rating in a research note on Saturday. 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 company an “overweight” rating in a report on Monday, May 11th. Finally, JPMorgan Chase & Co. raised their target price on Centuri from $26.00 to $29.00 and gave the stock an “underweight” rating in a research report on Friday, May 8th.

Centuri Stock Down 0.4%

CTRI stock opened at $29.39 on Wednesday. The stock’s fifty day simple moving average is $32.27 and its two-hundred day simple moving average is $29.26. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. Centuri has a 1-year low of $19.04 and a 1-year high of $42.99. The stock has a market cap of $2.97 billion, a P/E ratio of 87.40, a P/E/G ratio of 1.03 and a beta of 1.06.

Centuri (NYSE:CTRI) last announced its earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.05. The firm 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 business’s revenue was up 31.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.12) EPS. Analysts expect that Centuri will post 0.59 EPS for the current year.

Institutional Investors Weigh In On Centuri

Several large investors have recently added to or reduced their stakes in CTRI. Janus Henderson Group PLC raised its stake in Centuri by 24.6% in the 1st quarter. Janus Henderson Group PLC now owns 43,100 shares of the company’s stock valued at $1,259,000 after acquiring an additional 8,500 shares during the period. Irenic Capital Management LP boosted its position in Centuri by 97.1% during the first quarter. Irenic Capital Management LP now owns 354,771 shares of the company’s stock worth $10,363,000 after purchasing an additional 174,771 shares during the period. California State Teachers Retirement System increased its stake in shares of Centuri by 25.7% in the first quarter. California State Teachers Retirement System now owns 107,166 shares of the company’s stock worth $3,130,000 after purchasing an additional 21,907 shares in the last quarter. Quantinno Capital Management LP increased its stake in shares of Centuri by 798.4% in the first quarter. Quantinno Capital Management LP now owns 90,811 shares of the company’s stock worth $2,653,000 after purchasing an additional 80,703 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Centuri by 8.3% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 283,212 shares of the company’s stock valued at $8,273,000 after purchasing an additional 21,722 shares during the period.

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.