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

Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $21.34, but opened at $19.73. Centuri shares last traded at $20.71, with a volume of 6,150 shares.

Analyst Ratings Changes

Several research analysts have issued reports on CTRI shares. Robert W. Baird dropped their price objective on Centuri from $23.00 to $22.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. JPMorgan Chase & Co. raised their target price on Centuri from $17.00 to $19.00 and gave the company an "underweight" rating in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $19.00.

Centuri Stock Performance

The stock has a 50-day moving average of $17.25 and a 200 day moving average of $19.28. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market capitalization of $1.69 billion and a price-to-earnings ratio of -0.08.

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. The firm had revenue of $550.08 million during the quarter, compared to analyst estimates of $534.41 million. Centuri had a negative return on equity of 55.33% and a negative net margin of 8.90%. Centuri's revenue was up 4.2% on a year-over-year basis. On average, analysts expect that Centuri Holdings, Inc. will post 0.25 EPS for the current year.

Hedge Funds Weigh In On Centuri

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in Centuri during the fourth quarter worth about $479,000. Barclays PLC boosted its holdings in Centuri by 410.4% during the third quarter. Barclays PLC now owns 23,657 shares of the company's stock worth $382,000 after buying an additional 19,022 shares during the last quarter. Corebridge Financial Inc. boosted its holdings in Centuri by 15.7% during the fourth quarter. Corebridge Financial Inc. now owns 8,459 shares of the company's stock worth $163,000 after buying an additional 1,146 shares during the last quarter. Quantbot Technologies LP bought a new position in Centuri during the fourth quarter worth about $280,000. Finally, Rhumbline Advisers lifted its holdings in shares of Centuri by 5.7% during the 4th quarter. Rhumbline Advisers now owns 18,485 shares of the company's stock valued at $357,000 after purchasing an additional 1,000 shares in 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.

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