Centuri Holdings, Inc. (NYSE:CTRI) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Centuri has a consensus “Hold” rating among six analysts: two rate it Sell, two Hold, and two Buy. The average 12-month price target is $30.67, compared with a recent share price of $20.23.
• Recent analyst views were mixed, with Bank of America cutting its target to $21 and assigning “Underperform,” while Cantor Fitzgerald raised its target to $36 and maintained an “Overweight” rating.
• Centuri exceeded quarterly expectations, reporting $0.24 EPS versus $0.21 expected and $959.5 million in revenue, up 32.9% year over year and above the $836.0 million consensus estimate.

Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) has earned a consensus rating of "Hold" from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $30.6667.

Several brokerages have recently commented on CTRI. Bank of America reduced their target price on Centuri from $33.50 to $21.00 and set an "underperform" rating for the company in a report on Friday, September 4th. Cantor Fitzgerald lifted their price target on Centuri from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 19th. Weiss Ratings upgraded Centuri from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 4th. Wells Fargo & Company reduced their price objective on shares of Centuri from $37.00 to $29.00 and set an "overweight" rating for the company in a research note on Wednesday, August 5th. Finally, Wall Street Zen cut shares of Centuri from a "buy" rating to a "hold" rating in a report on Monday, July 20th.

Centuri Price Performance

NYSE CTRI opened at $20.23 on Friday. The stock has a market capitalization of $2.04 billion, a P/E ratio of 65.24, a P/E/G ratio of 0.66 and a beta of 1.01. Centuri has a 1 year low of $19.04 and a 1 year high of $42.99. The business's fifty day moving average is $24.04 and its two-hundred day moving average is $28.74. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.82 and a current ratio of 1.82.

Centuri (NYSE:CTRI - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.03. The business had revenue of $959.53 million during the quarter, compared to analyst estimates of $835.99 million. Centuri had a return on equity of 5.85% and a net margin of 0.86%.The company's revenue was up 32.9% compared to the same quarter last year. During the same period last year, the company posted $0.19 EPS. On average, research analysts forecast that Centuri will post 0.62 earnings per share for the current fiscal year.

Institutional Trading of Centuri

Large investors have recently added to or reduced their stakes in the company. Icahn Carl C grew its holdings in shares of Centuri by 32.2% during the fourth quarter. Icahn Carl C now owns 14,336,044 shares of the company's stock valued at $361,985,000 after buying an additional 3,488,372 shares in the last quarter. Hill City Capital LP lifted its stake in Centuri by 5.2% in the 4th quarter. Hill City Capital LP now owns 4,030,000 shares of the company's stock worth $101,758,000 after acquiring an additional 200,000 shares in the last quarter. Carronade Capital Management LP lifted its stake in Centuri by 30.7% in the 4th quarter. Carronade Capital Management LP now owns 3,988,664 shares of the company's stock worth $100,714,000 after acquiring an additional 935,847 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Centuri during the 3rd quarter worth about $78,222,000. Finally, California State Teachers Retirement System boosted its position in Centuri by 2,690.5% during the 2nd quarter. California State Teachers Retirement System now owns 2,990,494 shares of the company's stock worth $98,892,000 after acquiring an additional 2,883,328 shares during the period.

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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