Centuri (NYSE:CTRI) Director Dustin Demaria Purchases 5,200 Shares of Stock

Key Points

• Director Dustin Demaria purchased 5,200 Centuri shares at an average price of $19.27, investing $100,204 and increasing his ownership by 67.22% to 12,936 shares.
• Centuri reported quarterly EPS of $0.24, exceeding estimates by $0.03, while revenue rose 32.9% year over year to $959.53 million.
• The stock recently traded at $20.19, near its 12-month low of $19.03. Analysts maintain a consensus “Hold” rating with an average price target of $30.67.

Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) Director Dustin Demaria bought 5,200 shares of the firm's stock in a transaction dated Friday, September 18th. The shares were acquired at an average cost of $19.27 per share, with a total value of $100,204.00. Following the completion of the transaction, the director owned 12,936 shares of the company's stock, valued at $249,276.72. This represents a 67.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

Centuri Stock Performance

Shares of NYSE CTRI traded up $0.84 during midday trading on Monday, reaching $20.19. The company's stock had a trading volume of 545,758 shares, compared to its average volume of 1,513,117. The stock has a market capitalization of $2.04 billion, a P/E ratio of 65.19, a PEG ratio of 0.63 and a beta of 1.01. 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 firm has a 50 day moving average price of $23.18 and a 200-day moving average price of $28.25. Centuri Holdings, Inc. has a 12-month low of $19.03 and a 12-month high of $42.99.

Centuri (NYSE:CTRI - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.03. Centuri had a net margin of 0.86% and a return on equity of 5.85%. The firm had revenue of $959.53 million for the quarter, compared to analysts' expectations of $835.99 million. During the same period in the previous year, the company earned $0.19 earnings per share. The company's quarterly revenue was up 32.9% on a year-over-year basis. As a group, equities analysts predict that Centuri Holdings, Inc. will post 0.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CTRI has been the topic of a number of analyst reports. Cantor Fitzgerald boosted their target price on shares of Centuri from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Wednesday, August 19th. Weiss Ratings raised Centuri from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 4th. Robert W. Baird set a $33.00 price target on shares of Centuri in a report on Wednesday, August 5th. Wells Fargo & Company reduced their price objective on shares of Centuri from $37.00 to $29.00 and set an "overweight" rating for the company in a research note on Wednesday, August 5th. Finally, Wall Street Zen cut shares of Centuri from a "buy" rating to a "hold" rating in a research note on Monday, July 20th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Centuri has an average rating of "Hold" and a consensus price target of $30.67.

Institutional Trading of Centuri

Institutional investors have recently made changes to their positions in the stock. State of Wyoming raised its stake in shares of Centuri by 5.0% in the first quarter. State of Wyoming now owns 15,880 shares of the company's stock valued at $464,000 after purchasing an additional 752 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Centuri in the 2nd quarter valued at $33,000. Corient Private Wealth LP raised its stake in shares of Centuri by 2.7% in the 2nd quarter. Corient Private Wealth LP now owns 56,606 shares of the company's stock valued at $1,712,000 after buying an additional 1,471 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Centuri by 17.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 13,263 shares of the company's stock worth $387,000 after acquiring an additional 1,937 shares during the period. Finally, KBC Group NV acquired a new stake in shares of Centuri during the 1st quarter valued at about $67,000.

Centuri Company Profile

Centuri Group, Inc is a North American utility infrastructure services company that supports the construction, maintenance and modernization of energy networks. The company primarily serves natural gas and electric utilities, providing services across the infrastructure life cycle, from initial engineering and installation to repair, replacement and ongoing maintenance.

Its capabilities include gas distribution construction, electric transmission and distribution work, pipeline integrity services, underground utility installation, emergency response and related engineering and field services.

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