92,642 Shares in Centuri Holdings, Inc. $CTRI Purchased by Nuveen LLC

Key Points

• Nuveen LLC acquired 92,642 shares of Centuri Holdings, valued at approximately $1.5 million, indicating substantial institutional interest in the company.
• Centuri's recent quarterly earnings reported a 0.19 EPS, missing estimates, but its revenue increased by 7.7% year-over-year, totaling $724.05 million.
• Analysts have mixed opinions on Centuri's stock, with a consensus rating of "Hold" and a target price of $22.00, reflecting a cautious outlook despite potential for growth.

Nuveen LLC bought a new position in shares of Centuri Holdings, Inc. (NYSE:CTRI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 92,642 shares of the company's stock, valued at approximately $1,518,000. Nuveen LLC owned about 0.10% of Centuri at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CTRI. Deutsche Bank AG increased its holdings in Centuri by 5.6% during the first quarter. Deutsche Bank AG now owns 9,143 shares of the company's stock worth $150,000 after buying an additional 484 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Centuri by 27.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,625 shares of the company's stock worth $186,000 after buying an additional 2,054 shares during the last quarter. MetLife Investment Management LLC increased its holdings in Centuri by 20.5% during the fourth quarter. MetLife Investment Management LLC now owns 9,933 shares of the company's stock worth $192,000 after buying an additional 1,690 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Centuri by 54.0% during the fourth quarter. Wells Fargo & Company MN now owns 10,649 shares of the company's stock worth $206,000 after buying an additional 3,736 shares during the last quarter. Finally, Invesco Ltd. acquired a new position in shares of Centuri in the first quarter valued at $214,000.

Centuri Stock Performance

Shares of Centuri stock traded up $0.86 during trading on Thursday, reaching $21.41. The company's stock had a trading volume of 13,812,650 shares, compared to its average volume of 1,869,127. The business's 50-day moving average price is $21.06 and its 200-day moving average price is $19.47. The firm has a market cap of $1.90 billion, a PE ratio of -713.30, a P/E/G ratio of 1.00 and a beta of 1.12. Centuri Holdings, Inc. has a 52 week low of $14.45 and a 52 week high of $24.60. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.59.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on CTRI shares. JPMorgan Chase & Co. upped their price objective on shares of Centuri from $18.00 to $19.00 and gave the company an "underweight" rating in a report on Tuesday, July 22nd. Wells Fargo & Company upped their price objective on shares of Centuri from $22.00 to $25.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $22.00.

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.