Centuri (NYSE:CTRI) Shares Gap Down - Should You Sell?

Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $22.27, but opened at $21.00. Centuri shares last traded at $21.31, with a volume of 1,445,299 shares traded.

Analysts Set New Price Targets

Several research analysts have issued reports on CTRI shares. Wells Fargo & Company lifted their price objective on Centuri from $18.00 to $22.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Robert W. Baird lowered their price target on Centuri from $23.00 to $22.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $19.00.

Centuri Stock Performance

The company has a debt-to-equity ratio of 1.56, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market capitalization of $1.81 billion, a PE ratio of 62.88, a P/E/G ratio of 1.13 and a beta of 1.06. The company's fifty day simple moving average is $19.74 and its 200 day simple moving average is $19.43.

Centuri (NYSE:CTRI - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.02. Centuri had a return on equity of 5.16% and a net margin of 0.02%. The company had revenue of $550.08 million during the quarter, compared to analyst estimates of $534.41 million. The business's revenue was up 4.2% compared to the same quarter last year. As a group, equities research analysts expect that Centuri Holdings, Inc. will post 0.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CTRI. KLP Kapitalforvaltning AS bought a new position in Centuri in the 4th quarter worth $62,000. Corebridge Financial Inc. lifted its stake in shares of Centuri by 15.7% in the 4th quarter. Corebridge Financial Inc. now owns 8,459 shares of the company's stock worth $163,000 after purchasing an additional 1,146 shares during the period. Deutsche Bank AG lifted its position in Centuri by 31.4% during the fourth quarter. Deutsche Bank AG now owns 8,659 shares of the company's stock valued at $167,000 after purchasing an additional 2,068 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Centuri by 27.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,625 shares of the company's stock valued at $186,000 after purchasing an additional 2,054 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in shares of Centuri by 20.5% in the fourth quarter. MetLife Investment Management LLC now owns 9,933 shares of the company's stock worth $192,000 after acquiring an additional 1,690 shares during the period.

About Centuri

Centuri Holdings, Inc operates as a utility infrastructure services company in North America. It offers gas utility services, including maintenance, repair, installation, and replacement services for natural gas local distribution utility companies with focus on the modernization of infrastructure. The company also provides electric utility services comprising design, maintenance and repair, upgrade, and expansion services for transmission and distribution infrastructure.