Centuri (NYSE:CTRI) Stock Jumps 11.8% - Still a Buy?

Key Points

• Centuri shares jumped 11.8% in Monday mid-day trading, rising from a prior close of $20.37 to about $22.78, on trading volume well below its daily average.
• The company beat quarterly estimates, reporting EPS of $0.42 versus $0.23 expected and revenue of $1.19 billion versus $1.04 billion; revenue increased 40.2% year over year.
• Analyst sentiment is mixed: three analysts rate the stock Buy, one Hold and three Sell, giving it an overall Hold rating and an average price target of $27.50. A director also bought 5,200 shares at an average price of $19.27.

Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report)'s stock price shot up 11.8% during mid-day trading on Monday. The stock traded as high as $22.47 and last traded at $22.7820. 168,583 shares changed hands during trading, a decline of 90% from the average daily volume of 1,636,210 shares. The stock had previously closed at $20.37.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CTRI shares. Robert W. Baird lowered their price objective on Centuri from $33.00 to $26.00 and set an "outperform" rating for the company in a research report on Tuesday, September 29th. Bank of America decreased their target price 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. Cantor Fitzgerald raised their price target on shares of Centuri from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Wednesday, August 19th. Wells Fargo & Company reduced their price objective on shares of Centuri from $28.00 to $24.00 and set an "overweight" rating on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Centuri from $23.00 to $22.00 and set an "underweight" rating for the company in a research 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 issued a Sell rating to the company. Based on data from MarketBeat, Centuri presently has an average rating of "Hold" and an average target price of $27.50.

Centuri Trading Up 10.5%

The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.88. The firm's 50-day moving average price is $20.31 and its 200 day moving average price is $27.10. The company has a market capitalization of $2.27 billion, a P/E ratio of 40.10, a P/E/G ratio of 0.67 and a beta of 0.94.

Centuri (NYSE:CTRI - Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.19. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.04 billion. Centuri had a return on equity of 8.26% and a net margin of 1.45%. The company's quarterly revenue was up 40.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 EPS. As a group, equities research analysts predict that Centuri Holdings, Inc. will post 0.61 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Dustin DeMaria purchased 5,200 shares of the company's stock in a transaction dated Friday, September 18th. The shares were purchased at an average price of $19.27 per share, with a total value of $100,204.00. Following the transaction, the director directly owned 12,936 shares of the company's stock, valued at approximately $249,276.72. This represents a 67.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.33% of the company's stock.

Hedge Funds Weigh In On Centuri

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Centuri by 46.2% during the first quarter. Dimensional Fund Advisors LP now owns 890,022 shares of the company's stock valued at $25,998,000 after purchasing an additional 281,264 shares during the last quarter. Irenic Capital Management LP grew its stake in shares of Centuri by 46.2% in the 2nd quarter. Irenic Capital Management LP now owns 518,705 shares of the company's stock worth $15,686,000 after buying an additional 163,934 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of Centuri by 798.4% in the 1st quarter. Quantinno Capital Management LP now owns 90,811 shares of the company's stock worth $2,653,000 after buying an additional 80,703 shares during the last quarter. NEOS Investment Management LLC increased its position in Centuri by 33.7% during the 2nd quarter. NEOS Investment Management LLC now owns 617,145 shares of the company's stock valued at $18,662,000 after buying an additional 155,647 shares in the last quarter. Finally, Sei Investments Co. increased its position in Centuri by 75.1% during the 1st quarter. Sei Investments Co. now owns 111,437 shares of the company's stock valued at $3,255,000 after buying an additional 47,809 shares in the last quarter.

Centuri Company Profile

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.

Centuri previously operated as the infrastructure services business of Southwest Gas Holdings and became publicly traded in 2024.

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