Centuri Holdings, Inc. (NYSE:CTRI) Shares Acquired by Northern Trust Corp

Northern Trust Corp grew its stake in Centuri Holdings, Inc. (NYSE:CTRI - Free Report) by 18.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 138,497 shares of the company's stock after buying an additional 21,586 shares during the quarter. Northern Trust Corp owned 0.16% of Centuri worth $2,674,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Rhumbline Advisers increased its holdings in Centuri by 5.7% in the fourth quarter. Rhumbline Advisers now owns 18,485 shares of the company's stock valued at $357,000 after buying an additional 1,000 shares during the last quarter. Corebridge Financial Inc. lifted its holdings in Centuri by 15.7% during the 4th quarter. Corebridge Financial Inc. now owns 8,459 shares of the company's stock worth $163,000 after buying an additional 1,146 shares during the last quarter. R Squared Ltd acquired a new position in shares of Centuri during the 4th quarter worth about $26,000. JPMorgan Chase & Co. increased its holdings in shares of Centuri by 11.6% in the 4th quarter. JPMorgan Chase & Co. now owns 12,850 shares of the company's stock valued at $248,000 after acquiring an additional 1,335 shares during the last quarter. Finally, MetLife Investment Management LLC raised its position in shares of Centuri by 20.5% during the 4th quarter. MetLife Investment Management LLC now owns 9,933 shares of the company's stock worth $192,000 after acquiring an additional 1,690 shares in the last quarter.

Wall Street Analysts Forecast Growth

CTRI has been the subject of several recent analyst reports. Wells Fargo & Company boosted their target price on Centuri from $18.00 to $22.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Robert W. Baird reduced their price objective on shares of Centuri from $23.00 to $22.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. increased their target price on shares of Centuri from $17.00 to $19.00 and gave the company an "underweight" rating in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $19.00.

Centuri Stock Performance

NYSE:CTRI traded up $1.14 during mid-day trading on Tuesday, reaching $19.78. 760,164 shares of the stock were exchanged, compared to its average volume of 456,615. The stock has a market capitalization of $1.75 billion and a P/E ratio of 989.00. Centuri Holdings, Inc. has a 1 year low of $14.46 and a 1 year high of $28.65. The company has a 50 day simple moving average of $17.92 and a 200-day simple moving average of $19.30. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.70.

Centuri (NYSE:CTRI - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.02. The business had revenue of $550.08 million during the quarter, compared to the consensus estimate of $534.41 million. Centuri had a negative return on equity of 55.33% and a negative net margin of 8.90%. The firm's revenue was up 4.2% compared to the same quarter last year. Analysts anticipate that Centuri Holdings, Inc. will post 0.25 earnings per share 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.