Centuri (NYSE:CTRI) Hits New 1-Year High - What's Next?

Key Points

• Centuri hit a new 52-week high of $39.94 on strong volume, despite a MarketBeat consensus target price of just $28.85 and mixed analyst ratings (2 Buy, 1 Hold, 2 Sell).
• The company reported revenue of $858.6M (up 19.7% YoY) but missed EPS at $0.17 vs $0.20, and the stock trades at a high valuation (P/E 170.61) with a market cap of about $3.96B.
• Institutional buying is increasing, highlighted by Goldman Sachs boosting its stake by 164.9% to 153,549 shares, signaling growing investor interest despite mixed analyst views.

Shares of Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $39.94 and last traded at $39.2410, with a volume of 1759105 shares traded. The stock had previously closed at $39.25.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CTRI shares. Cantor Fitzgerald upped their target price on Centuri from $35.25 to $37.40 and gave the stock an "overweight" rating in a report on Wednesday, March 25th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Centuri in a report on Friday, March 27th. Finally, Wells Fargo & Company lowered their target price on Centuri from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Wednesday, April 1st. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $28.85.

Centuri Stock Down 0.0%

The company has a 50-day moving average of $31.41 and a 200-day moving average of $27.22. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 170.61, a price-to-earnings-growth ratio of 1.63 and a beta of 1.34. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.82.

Centuri (NYSE:CTRI - Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). Centuri had a net margin of 0.76% and a return on equity of 5.09%. The business had revenue of $858.60 million for the quarter, compared to analyst estimates of $740.62 million. During the same period in the prior year, the company earned $0.21 earnings per share. The company's quarterly revenue was up 19.7% on a year-over-year basis. On average, equities analysts predict that Centuri Holdings, Inc. will post 0.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CTRI. Goldman Sachs Group Inc. increased its holdings in shares of Centuri by 164.9% in the first quarter. Goldman Sachs Group Inc. now owns 153,549 shares of the company's stock valued at $2,517,000 after purchasing an additional 95,585 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Centuri by 6.5% in the second quarter. JPMorgan Chase & Co. now owns 14,673 shares of the company's stock valued at $329,000 after purchasing an additional 890 shares during the period. Legal & General Group Plc increased its holdings in shares of Centuri by 126.8% in the second quarter. Legal & General Group Plc now owns 29,723 shares of the company's stock valued at $667,000 after purchasing an additional 16,618 shares during the period. Rhumbline Advisers increased its holdings in shares of Centuri by 10.1% in the second quarter. Rhumbline Advisers now owns 24,188 shares of the company's stock valued at $543,000 after purchasing an additional 2,228 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Centuri by 51.4% in the second quarter. American Century Companies Inc. now owns 47,447 shares of the company's stock valued at $1,065,000 after purchasing an additional 16,115 shares during the period.

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.

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