Centuri Holdings, Inc. (NYSE:CTRI) Given Average Recommendation of “Hold” by Analysts

Shares of Centuri Holdings, Inc. (NYSE:CTRI) have earned a consensus rating of “Hold” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $37.80.

Several research firms have recently weighed in on CTRI. Wells Fargo & Company raised their price objective on shares of Centuri from $32.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Robert W. Baird set a $41.00 target price on shares of Centuri in a research note on Friday, May 8th. Wall Street Zen cut shares of Centuri from a “buy” rating to a “hold” rating in a report on Monday, June 22nd. JPMorgan Chase & Co. raised their target price on shares of Centuri from $26.00 to $29.00 and gave the stock an “underweight” rating in a report on Friday, May 8th. Finally, UBS Group lifted their price target on shares of Centuri from $33.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th.

Centuri Trading Down 3.6%

Shares of Centuri stock opened at $27.48 on Friday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.82. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 80.81, a price-to-earnings-growth ratio of 0.94 and a beta of 1.06. The business has a fifty day simple moving average of $31.73 and a 200-day simple moving average of $30.05. Centuri has a fifty-two week low of $19.04 and a fifty-two week high of $42.99.

Centuri (NYSE:CTRI) last announced its earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.05. The business had revenue of $688.69 million during the quarter, compared to analysts’ expectations of $618.87 million. Centuri had a return on equity of 5.64% and a net margin of 0.98%.The company’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.12) earnings per share. On average, equities analysts forecast that Centuri will post 0.61 EPS for the current fiscal year.

Hedge Funds Weigh In On Centuri

A number of hedge funds have recently modified their holdings of CTRI. Militia Capital Management LLC purchased a new stake in shares of Centuri during the first quarter valued at $615,000. Janus Henderson Group PLC raised its holdings in Centuri by 24.6% during the 1st quarter. Janus Henderson Group PLC now owns 43,100 shares of the company’s stock worth $1,259,000 after buying an additional 8,500 shares during the period. Irenic Capital Management LP raised its holdings in Centuri by 97.1% during the 1st quarter. Irenic Capital Management LP now owns 354,771 shares of the company’s stock worth $10,363,000 after buying an additional 174,771 shares during the period. California State Teachers Retirement System lifted its stake in Centuri by 25.7% during the first quarter. California State Teachers Retirement System now owns 107,166 shares of the company’s stock valued at $3,130,000 after buying an additional 21,907 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its stake in Centuri by 798.4% during the first quarter. Quantinno Capital Management LP now owns 90,811 shares of the company’s stock valued at $2,653,000 after buying an additional 80,703 shares in the last quarter.

Centuri Company Profile

Centuri Construction Group, Inc (NYSE: CTRI) is a heavy civil contractor specializing in water and wastewater infrastructure projects. The company delivers end-to-end services encompassing design-build, engineering, procurement and construction for water transmission mains, wastewater force mains, treatment facilities, pump and lift stations, and stormwater management systems.

Centuri’s core offerings include pipeline installation and rehabilitation, civil sitework, earthwork, structural concrete and slope protection.