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

Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report)'s share price gapped down prior to trading 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 changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CTRI shares. Robert W. Baird cut their price objective on shares of Centuri from $23.00 to $22.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Wells Fargo & Company boosted their price objective on shares of Centuri from $18.00 to $22.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Two equities 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. According to MarketBeat, Centuri presently has an average rating of "Hold" and an average price target of $19.00.

Centuri Stock Performance

The stock's 50-day moving average price is $19.61 and its 200 day moving average price is $19.43. 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 cap of $1.84 billion, a P/E ratio of 1,038.77, a price-to-earnings-growth ratio of 1.14 and a beta of 1.06.

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

Institutional Inflows and Outflows

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

Centuri Company Profile

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.