Inspire Investing LLC Acquires New Holdings in Centuri Holdings, Inc. $CTRI

Key Points

• Inspire Investing acquired 130,113 Centuri shares worth approximately $2.6 million during the third quarter, representing a 0.13% stake. Several other institutional investors also initiated or increased positions.
• Centuri reported quarterly EPS of $0.24, beating estimates by $0.03, while revenue rose 32.9% year over year to $959.5 million. The company’s current-year consensus EPS forecast is $0.61.
• Analyst sentiment remains cautious: Centuri has a consensus “Hold” rating and an average price target of $28.33, despite recent target cuts and sell or underperform ratings from several firms.

Inspire Investing LLC acquired a new stake in shares of Centuri Holdings, Inc. (NYSE:CTRI - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 130,113 shares of the company's stock, valued at approximately $2,607,000. Inspire Investing LLC owned 0.13% of Centuri as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new position in shares of Centuri in the second quarter valued at $33,000. KBC Group NV purchased a new stake in Centuri during the 1st quarter worth $67,000. Chicago Partners Investment Group LLC purchased a new stake in Centuri during the 1st quarter worth $183,000. Odyssean LLC acquired a new position in Centuri in the 2nd quarter worth $318,000. Finally, Group One Trading LLC lifted its holdings in Centuri by 4,144.4% in the 1st quarter. Group One Trading LLC now owns 11,842 shares of the company's stock worth $346,000 after buying an additional 11,563 shares in the last quarter.

Insider Buying and Selling

In other news, Director Dustin DeMaria bought 5,200 shares of Centuri stock in a transaction on Friday, September 18th. The shares were bought at an average price of $19.27 per share, with a total value of $100,204.00. Following the acquisition, the director directly owned 12,936 shares in the company, valued at approximately $249,276.72. This represents a 67.22% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

Centuri Trading Up 0.1%

NYSE CTRI opened at $19.36 on Monday. Centuri Holdings, Inc. has a 12 month low of $18.60 and a 12 month high of $42.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.82 and a quick ratio of 1.82. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 62.46, a price-to-earnings-growth ratio of 0.63 and a beta of 1.01. The company's fifty day moving average price is $20.49 and its two-hundred day moving average price is $26.59.

Centuri (NYSE:CTRI - Get Free Report) last announced 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 company had revenue of $959.53 million during the quarter, compared to analyst estimates of $835.99 million. Centuri had a net margin of 0.86% and a return on equity of 5.85%. The firm's revenue for the quarter was up 32.9% compared to the same quarter last year. During the same period last year, the business earned $0.19 EPS. As a group, research analysts predict that Centuri Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CTRI shares. Weiss Ratings cut shares of Centuri from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, October 8th. Wall Street Zen lowered Centuri from a "buy" rating to a "hold" rating in a research report on Monday, July 20th. Wells Fargo & Company cut their price target on Centuri from $37.00 to $29.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 5th. Bank of America lowered their price objective on Centuri from $33.50 to $21.00 and set an "underperform" rating for the company in a research note on Friday, September 4th. Finally, JPMorgan Chase & Co. dropped their price objective on Centuri from $23.00 to $22.00 and set an "underweight" rating on the stock in a report on Monday, October 19th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Centuri has an average rating of "Hold" and a consensus target price of $28.33.

Centuri Company Profile

Centuri Holdings, Inc is a strategic infrastructure services company that supports the development, maintenance and modernization of energy and utility systems. The company provides construction and related services for natural gas and electric distribution infrastructure, including pipelines, utility networks and other assets used to deliver energy to homes, businesses and communities.

Centuri also serves customers in areas such as electric transmission, renewable energy and broader utility infrastructure.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.