13,079 Shares in Centuri Holdings, Inc. $CTRI Acquired by Invesco Ltd.

Key Points

• Invesco Ltd. acquired a new position in Centuri Holdings, Inc. by purchasing 13,079 shares worth approximately $214,000 in the first quarter of the year.
• Analysts have mixed views on Centuri, with Wells Fargo raising its price target from $22.00 to $25.00 and JPMorgan increasing it from $18.00 to $19.00, leading to an average target of $22.00.
• Centuri reported $0.19 EPS for the last quarter, missing estimates of $0.21, while its revenue grew by 7.7% year-over-year to $724.05 million.

Invesco Ltd. acquired a new position in shares of Centuri Holdings, Inc. (NYSE:CTRI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,079 shares of the company's stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Needham Investment Management LLC boosted its stake in Centuri by 3.9% during the 4th quarter. Needham Investment Management LLC now owns 447,628 shares of the company's stock worth $8,644,000 after acquiring an additional 16,800 shares during the last quarter. Northern Trust Corp boosted its stake in Centuri by 18.5% during the 4th quarter. Northern Trust Corp now owns 138,497 shares of the company's stock worth $2,674,000 after acquiring an additional 21,586 shares during the last quarter. Millennium Management LLC bought a new position in Centuri during the 4th quarter worth approximately $888,000. Wesbanco Bank Inc. bought a new position in Centuri in the first quarter valued at approximately $670,000. Finally, Bank of New York Mellon Corp lifted its stake in Centuri by 11.5% in the first quarter. Bank of New York Mellon Corp now owns 35,720 shares of the company's stock valued at $585,000 after buying an additional 3,672 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Centuri from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. lifted their price target on shares of Centuri from $18.00 to $19.00 and gave the company an "underweight" rating in a research note on Tuesday, July 22nd. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $22.00.

Centuri Stock Performance

Shares of CTRI stock opened at $21.68 on Tuesday. The company's fifty day simple moving average is $21.03 and its 200-day simple moving average is $19.50. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.59. The firm has a market cap of $1.92 billion, a PE ratio of -722.56, a P/E/G ratio of 1.05 and a beta of 1.12. Centuri Holdings, Inc. has a 12 month low of $14.45 and a 12 month high of $24.60.

Centuri (NYSE:CTRI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.02). The business had revenue of $724.05 million during the quarter, compared to the consensus estimate of $702.35 million. Centuri had a positive return on equity of 4.74% and a negative net margin of 0.12%.The business's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 EPS. Equities research analysts expect that Centuri Holdings, Inc. will post 0.25 EPS for the current fiscal year.

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.

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