Centuri (NYSE:CTRI) Reaches New 12-Month High - Here's What Happened

Key Points

• Centuri (CTRI) hit a new 52-week high of $32.96 and was trading around $32.05, up roughly 5.2% on the session.
• Analysts are mixed—MarketBeat shows a consensus "Hold" with a consensus target of $28.85 (below the current share price), while individual targets range from Weiss's sell to Cantor Fitzgerald's $37.40 overweight.
• The latest quarter showed an EPS miss ($0.17 vs. $0.20 expected) but a strong revenue beat of $858.6M, up 19.7% year-over-year.

Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $32.96 and last traded at $32.0540, with a volume of 76894 shares trading hands. The stock had previously closed at $30.67.

Wall Street Analyst Weigh In

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

Centuri Trading Up 5.2%

The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 140.04, a P/E/G ratio of 1.20 and a beta of 0.73. The company has a 50-day moving average price of $29.91 and a 200-day moving average price of $25.62. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.82.

Centuri (NYSE:CTRI - Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). Centuri had a return on equity of 5.09% and a net margin of 0.76%.The firm had revenue of $858.60 million for the quarter, compared to analyst estimates of $740.62 million. During the same period last year, the business earned $0.21 earnings per share. The firm's quarterly revenue was up 19.7% compared to the same quarter last year. Research analysts predict that Centuri Holdings, Inc. will post 0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Centuri

A number of institutional investors have recently added to or reduced their stakes in the company. Icahn Carl C grew its position in Centuri by 32.2% during the fourth quarter. Icahn Carl C now owns 14,336,044 shares of the company's stock worth $361,985,000 after buying an additional 3,488,372 shares in the last quarter. Vanguard Group Inc. grew its position in Centuri by 126.0% during the third quarter. Vanguard Group Inc. now owns 8,059,743 shares of the company's stock worth $170,625,000 after buying an additional 4,493,955 shares in the last quarter. Hill City Capital LP grew its position in Centuri by 5.2% during the fourth quarter. Hill City Capital LP now owns 4,030,000 shares of the company's stock worth $101,758,000 after buying an additional 200,000 shares in the last quarter. Carronade Capital Management LP grew its position in Centuri by 30.7% during the fourth quarter. Carronade Capital Management LP now owns 3,988,664 shares of the company's stock worth $100,714,000 after buying an additional 935,847 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new stake in Centuri during the third quarter worth about $78,222,000.

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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