Centuri Holdings, Inc. $CTRI Shares Acquired by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. boosted its stake in Centuri by 942.9% in Q3 to 153,022 shares, representing about 0.15% of the company and worth roughly $3.24 million.
• Centuri missed Q earnings with $0.17 EPS versus a $0.20 consensus but beat on revenue with $858.6 million (up 19.7% year-over-year) versus $740.62 million expected.
• The stock trades near $29.92 with a market cap of $3.02 billion; analyst sentiment is mixed with an average rating of "Hold" and an average target of $28.85, while some firms have both higher targets and sell ratings.

JPMorgan Chase & Co. boosted its position in Centuri Holdings, Inc. (NYSE:CTRI - Free Report) by 942.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 153,022 shares of the company's stock after purchasing an additional 138,349 shares during the quarter. JPMorgan Chase & Co. owned about 0.15% of Centuri worth $3,239,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CTRI. Goldman Sachs Group Inc. grew its holdings in shares of Centuri by 164.9% during the first quarter. Goldman Sachs Group Inc. now owns 153,549 shares of the company's stock worth $2,517,000 after buying an additional 95,585 shares in the last quarter. Swiss National Bank boosted its position in Centuri by 163.0% during the second quarter. Swiss National Bank now owns 67,600 shares of the company's stock worth $1,517,000 after acquiring an additional 41,900 shares during the last quarter. Legal & General Group Plc grew its stake in Centuri by 126.8% in the 2nd quarter. Legal & General Group Plc now owns 29,723 shares of the company's stock worth $667,000 after acquiring an additional 16,618 shares during the period. Rhumbline Advisers raised its holdings in Centuri by 10.1% in the 2nd quarter. Rhumbline Advisers now owns 24,188 shares of the company's stock valued at $543,000 after acquiring an additional 2,228 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Centuri by 51.4% in the 2nd quarter. American Century Companies Inc. now owns 47,447 shares of the company's stock valued at $1,065,000 after acquiring an additional 16,115 shares during the last quarter.

Centuri Stock Up 0.3%

Shares of Centuri stock opened at $29.92 on Friday. Centuri Holdings, Inc. has a twelve month low of $14.45 and a twelve month high of $32.38. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 130.07, a price-to-earnings-growth ratio of 1.20 and a beta of 0.73. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.82. The company has a fifty day moving average price of $29.84 and a 200 day moving average price of $25.48.

Centuri (NYSE:CTRI - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). Centuri had a net margin of 0.76% and a return on equity of 5.09%. The company had revenue of $858.60 million during the quarter, compared to analysts' expectations of $740.62 million. During the same period last year, the business earned $0.21 earnings per share. The company's revenue for the quarter was up 19.7% compared to the same quarter last year. Equities research analysts forecast that Centuri Holdings, Inc. will post 0.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CTRI. Cantor Fitzgerald raised their price objective on Centuri from $35.25 to $37.40 and gave the stock an "overweight" rating in a report on Wednesday, March 25th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Centuri in a research report on Friday, March 27th. Finally, Wells Fargo & Company lowered their price target on Centuri from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $28.85.

Centuri Company Profile

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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