Centuri (NYSE:CTRI) Reaches New 12-Month High - Should You Buy?

Key Points

• New 52-week high: Centuri (CTRI) reached a fresh 52-week high of $33.78 on Tuesday with about 690,199 shares traded, lifting its market cap to roughly $3.40 billion and pushing the stock above both its 50‑day ($30.34) and 200‑day ($25.96) moving averages.
• Mixed analyst sentiment: Coverage is split (two Buys, one Hold, two Sells) with a MarketBeat consensus rating of "Hold" and a $28.85 target, while firm price targets range from Wells Fargo’s $32 to Cantor Fitzgerald’s $37.40 and Weiss Ratings reiterating a sell.
• Earnings vs. revenue: Centuri missed EPS estimates ($0.17 vs. $0.20) but beat revenue expectations ($858.6M vs. $740.6M) with 19.7% YoY revenue growth, even as valuation metrics remain elevated (P/E ~146.6, PEG 1.35).

Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $33.78 and last traded at $33.7150, with a volume of 690199 shares trading hands. The stock had previously closed at $33.69.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CTRI. Weiss Ratings reiterated a "sell (d+)" rating on shares of Centuri in a research note on Friday, March 27th. Cantor Fitzgerald increased their price objective on Centuri from $35.25 to $37.40 and gave the company an "overweight" rating in a research note on Wednesday, March 25th. Finally, Wells Fargo & Company reduced their price objective on Centuri from $34.00 to $32.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 1st. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Centuri has an average rating of "Hold" and a consensus target price of $28.85.

Centuri Stock Performance

The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 146.59, a PEG ratio of 1.35 and a beta of 0.73. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.78 and a quick ratio of 1.78. The firm has a 50 day moving average price of $30.34 and a 200-day moving average price of $25.96.

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

Hedge Funds Weigh In On Centuri

Several large investors have recently bought and sold shares of CTRI. Goldman Sachs Group Inc. increased its holdings in 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 buying an additional 95,585 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in 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 buying an additional 890 shares during the last quarter. Legal & General Group Plc increased its holdings in 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 buying an additional 16,618 shares during the last quarter. Rhumbline Advisers increased its holdings in 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 buying an additional 2,228 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in 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 buying an additional 16,115 shares during the last quarter.

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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