Centuri (NYSE:CTRI) Reaches New 12-Month Low – Time to Sell?

Centuri Holdings, Inc. (NYSE:CTRI) hit a new 52-week low on Thursday. The company traded as low as $18.79 and last traded at $19.5130, with a volume of 228,149 shares changing hands. The stock had previously closed at $19.77.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CTRI. Bank of America reduced their target price on shares of Centuri from $33.50 to $21.00 and set an “underperform” rating for the company in a report on Friday, September 4th. Weiss Ratings cut Centuri from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Robert W. Baird cut their price objective on Centuri from $33.00 to $26.00 and set an “outperform” rating for the company in a research report on Tuesday, September 29th. Wells Fargo & Company cut their price objective on Centuri from $37.00 to $29.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Finally, Wall Street Zen lowered Centuri from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $29.50.

Centuri Stock Down 1.7%

The business’s 50 day moving average is $21.02 and its 200 day moving average is $27.07. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.82 and a current ratio of 1.82. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 62.75, a price-to-earnings-growth ratio of 0.68 and a beta of 1.01.

Centuri (NYSE:CTRI) last announced its earnings results on Tuesday, August 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. The company had revenue of $959.53 million for the quarter, compared to the consensus estimate of $835.99 million. Centuri had a net margin of 0.86% and a return on equity of 5.85%. The company’s revenue was up 32.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.19 EPS. Equities analysts expect that Centuri Holdings, Inc. will post 0.62 earnings per share for the current year.

Insider Activity

In related news, Director Dustin DeMaria purchased 5,200 shares of the firm’s stock in a transaction that occurred on Friday, September 18th. The stock was acquired at an average cost of $19.27 per share, for a total transaction of $100,204.00. Following the completion of the acquisition, the director owned 12,936 shares in the company, valued at $249,276.72. This trade represents a 67.22% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.33% of the stock is owned by company insiders.

Institutional Investors Weigh In On Centuri

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CTRI. Reinhart Partners LLC. acquired a new position in Centuri in the 3rd quarter worth about $76,741,000. Verbena Value LP raised its stake in shares of Centuri by 31.3% during the 1st quarter. Verbena Value LP now owns 1,771,457 shares of the company’s stock worth $51,744,000 after purchasing an additional 422,593 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Centuri by 11.5% during the 1st 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 last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Centuri by 46.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 890,022 shares of the company’s stock valued at $25,998,000 after buying an additional 281,264 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Centuri in the 2nd quarter valued at approximately $23,153,000.

Centuri Company Profile

Centuri Holdings, Inc (NYSE: CTRI) is an infrastructure services company that supports the development, maintenance and modernization of essential utility systems in the United States and Canada. Its customers primarily include natural gas and electric utilities, municipalities and other infrastructure owners.

The company provides construction and maintenance services for gas distribution networks, electric transmission and distribution systems, and other underground utility infrastructure.