Centuri Holdings, Inc. (NYSE:CTRI) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Centuri has a consensus “Hold” rating among five analysts: one Sell, two Hold, and two Buy recommendations. The average 12-month price target is $32.40, though several firms recently lowered targets.
• Centuri reported quarterly EPS of $0.24, beating estimates of $0.21, while revenue reached $959.53 million—32.9% higher year over year and above expectations.
• Shares opened at $23.59, near the lower end of their 12-month range of $19.04 to $42.99. The company has a $2.38 billion market capitalization and analysts project full-year EPS of $0.62.

Shares of Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) have been assigned a consensus rating of "Hold" from the five analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $32.40.

A number of analysts recently commented on CTRI shares. Robert W. Baird set a $33.00 price objective on Centuri in a research report on Wednesday, August 5th. Weiss Ratings raised Centuri from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, August 4th. Cantor Fitzgerald dropped their target price on Centuri from $46.00 to $35.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 5th. Wells Fargo & Company cut their price target on Centuri from $37.00 to $29.00 and set an "overweight" rating for the company in a research note on Wednesday, August 5th. Finally, UBS Group upped their price target on shares of Centuri from $33.00 to $36.00 and gave the company a "neutral" rating in a research report on Monday, May 11th.

Centuri Trading Down 0.1%

NYSE:CTRI opened at $23.59 on Monday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.81. Centuri has a 12 month low of $19.04 and a 12 month high of $42.99. The company has a market cap of $2.38 billion, a PE ratio of 76.10, a price-to-earnings-growth ratio of 0.77 and a beta of 1.10. The company has a 50 day simple moving average of $27.47 and a two-hundred day simple moving average of $29.89.

Centuri (NYSE:CTRI - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.03. The business had revenue of $959.53 million during the quarter, compared to analyst estimates of $835.99 million. Centuri had a net margin of 0.86% and a return on equity of 5.85%. The company's quarterly revenue was up 32.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 EPS. Research analysts forecast that Centuri will post 0.62 earnings per share for the current year.

Institutional Trading of Centuri

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake 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 acquiring an additional 281,264 shares during the period. UBS Group AG raised its stake in Centuri by 59.9% during the 4th quarter. UBS Group AG now owns 1,025,061 shares of the company's stock worth $25,883,000 after acquiring an additional 384,054 shares during the period. Quantinno Capital Management LP raised its stake in Centuri by 798.4% during the 1st quarter. Quantinno Capital Management LP now owns 90,811 shares of the company's stock worth $2,653,000 after acquiring an additional 80,703 shares during the period. William Blair Investment Management LLC purchased a new position in Centuri during the fourth quarter valued at approximately $20,233,000. Finally, Assenagon Asset Management S.A. purchased a new position in Centuri during the second quarter valued at approximately $23,153,000.

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.

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