Centuri (NYSE:CTRI) Director Buys $249,920.00 in Stock

Key Points

• Director Charles Patton bought 11,000 Centuri shares at an average price of $22.72, spending $249,920 and increasing his position by 37.53% to 40,309 shares.
• Centuri reported quarterly EPS of $0.42, beating the $0.23 consensus, while revenue climbed 40.2% year over year to $1.19 billion.
• Shares fell 2.0% to $21.81 in Friday trading. Analysts’ consensus rating is Hold, with an average price target of $27.50.

Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) Director Charles Patton acquired 11,000 shares of the business's stock in a transaction dated Wednesday, November 11th. The stock was bought at an average cost of $22.72 per share, with a total value of $249,920.00. Following the acquisition, the director owned 40,309 shares in the company, valued at $915,820.48. The trade was a 37.53% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Centuri Stock Down 2.0%

Shares of NYSE:CTRI traded down $0.44 during midday trading on Friday, hitting $21.81. The stock had a trading volume of 1,416,159 shares, compared to its average volume of 2,128,472. The company has a market cap of $2.20 billion, a P/E ratio of 30.07, a PEG ratio of 0.77 and a beta of 0.94. Centuri Holdings, Inc. has a 12 month low of $18.50 and a 12 month high of $42.99. The business's 50-day simple moving average is $20.50 and its 200-day simple moving average is $26.95. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.88.

Centuri (NYSE:CTRI - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.19. Centuri had a net margin of 1.45% and a return on equity of 8.26%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the firm posted $0.19 earnings per share. The company's quarterly revenue was up 40.2% compared to the same quarter last year. On average, sell-side analysts forecast that Centuri Holdings, Inc. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CTRI shares. Cantor Fitzgerald raised their price objective on Centuri from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Wednesday, August 19th. Wall Street Zen cut Centuri from a "buy" rating to a "hold" rating in a research note on Monday, July 20th. JPMorgan Chase & Co. dropped their price target on Centuri from $23.00 to $22.00 and set an "underweight" rating on the stock in a research note on Monday, October 19th. Wells Fargo & Company cut their price target on Centuri from $28.00 to $24.00 and set an "overweight" rating for the company in a report on Friday, November 6th. Finally, Bank of America reduced their price objective on shares of Centuri from $33.50 to $21.00 and set an "underperform" rating for the company in a research report on Friday, September 4th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Centuri has a consensus rating of "Hold" and a consensus price target of $27.50.

Institutional Investors Weigh In On Centuri

Hedge funds have recently bought and sold shares of the stock. Hill City Capital LP grew its position in shares of Centuri by 5.0% in the third quarter. Hill City Capital LP now owns 4,230,000 shares of the company's stock valued at $84,769,000 after purchasing an additional 200,000 shares during the last quarter. Horizon Kinetics Asset Management LLC increased its stake in shares of Centuri by 10.1% during the third quarter. Horizon Kinetics Asset Management LLC now owns 105,751 shares of the company's stock worth $2,119,000 after purchasing an additional 9,708 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in Centuri during the 3rd quarter worth approximately $260,000. Norwood Investment Partners LP lifted its holdings in Centuri by 24.8% during the 3rd quarter. Norwood Investment Partners LP now owns 377,000 shares of the company's stock worth $7,555,000 after purchasing an additional 75,000 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its holdings in Centuri by 20.4% during the 3rd quarter. William Blair Investment Management LLC now owns 786,079 shares of the company's stock worth $15,753,000 after purchasing an additional 133,383 shares during the last quarter.

Key Stories Impacting Centuri

Here are a few of the latest stories about CTRI:

• Positive Sentiment: Director Anne L. Mariucci bought 4,545 shares for about $100,000, increasing her stake by 5.07%. The purchase may signal confidence, though it is small relative to Icahn’s sales. SEC filing
• Neutral Sentiment: Recent operating results provide a positive fundamental backdrop: Centuri reported quarterly EPS of $0.42 versus a $0.23 consensus estimate, while revenue rose 40.2% year over year. The article also reports a consensus analyst rating of “Hold.”
• Negative Sentiment: Icahn sold about 1.5 million shares across transactions from November 9–12, including 324,700 shares on November 12. Although he still held more than 12 million shares afterward, the repeated selling—at prices ranging from $17.50 to $21—may raise concerns about near-term supply and confidence. Insider trading report

About Centuri

Centuri Holdings, Inc. is a North American utility infrastructure services company that builds, maintains and upgrades systems used to deliver natural gas and electricity. Its work includes installing and replacing underground gas pipelines, constructing and maintaining electric distribution infrastructure, and providing related inspection, repair and emergency-response services. The company serves regulated utilities and other energy customers across the United States and Canada. Its operating businesses include NPL Construction, Neuco, Linetec Services and Riggs Distler, which provide capabilities spanning gas distribution, electric utility construction and broader infrastructure work.

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