Centuri (NYSE:CTRI) Shares Gap Up - What's Next?

Key Points

• Shares gapped up pre-market from $32.08 to $33.50 and last traded around $33.32, trading above its 50‑day ($30.10) and 200‑day ($25.72) moving averages.
• Analyst sentiment is mixed — the consensus is Hold (two Buys, one Hold, two Sells) with an average target of $28.85, while recent price-target moves ranged from Wells Fargo cutting to $32 to Cantor raising to $37.40.
• Centuri posted a strong revenue beat ($858.6M, +19.7% YoY) but missed EPS expectations ($0.17 vs. $0.20), and the stock trades at a high P/E of 145.95, suggesting elevated valuation despite top‑line growth.

Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $32.08, but opened at $33.50. Centuri shares last traded at $33.3160, with a volume of 8,658 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of 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 increased their price target on shares of Centuri from $35.25 to $37.40 and gave the stock an "overweight" rating in a research report on Wednesday, March 25th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Centuri in a research report on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $28.85.

Centuri Stock Performance

The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 145.95, a P/E/G ratio of 1.29 and a beta of 0.73. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.82. The stock has a 50-day moving average price of $30.10 and a 200 day moving average price of $25.72.

Centuri (NYSE:CTRI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.17 EPS 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 company had revenue of $858.60 million for the quarter, compared to analyst estimates of $740.62 million. During the same period in the prior year, the firm posted $0.21 earnings per share. The business's quarterly revenue was up 19.7% compared to the same quarter last year. On average, analysts forecast that Centuri Holdings, Inc. will post 0.25 EPS for the current year.

Hedge Funds Weigh In On Centuri

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tudor Investment Corp ET AL purchased a new stake in Centuri during the third quarter worth approximately $4,992,000. JPMorgan Chase & Co. lifted its stake in Centuri by 942.9% during the third quarter. JPMorgan Chase & Co. now owns 153,022 shares of the company's stock worth $3,239,000 after purchasing an additional 138,349 shares during the last quarter. Hudson Bay Capital Management LP lifted its stake in Centuri by 68.5% during the third quarter. Hudson Bay Capital Management LP now owns 126,385 shares of the company's stock worth $2,676,000 after purchasing an additional 51,385 shares during the last quarter. Citigroup Inc. lifted its stake in Centuri by 492.0% during the third quarter. Citigroup Inc. now owns 92,634 shares of the company's stock worth $1,961,000 after purchasing an additional 76,987 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in Centuri by 3,300.4% during the third quarter. New York State Common Retirement Fund now owns 187,023 shares of the company's stock worth $3,959,000 after purchasing an additional 181,523 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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