Wells Fargo & Company Has Lowered Expectations for Centuri (NYSE:CTRI) Stock Price

Centuri (NYSE:CTRI) had its price target dropped by stock analysts at Wells Fargo & Company from $37.00 to $29.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 32.54% from the company’s previous close.

Several other equities research analysts have also recently commented on the stock. 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 research report on Friday, May 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a research report on Wednesday, June 24th. Wall Street Zen downgraded shares of Centuri from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Robert W. Baird set a $33.00 price objective on shares of Centuri in a report on Wednesday. Finally, UBS Group lifted their price objective on Centuri from $33.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $32.40.

Centuri Stock Performance

Shares of Centuri stock remained flat at $21.88 during midday trading on Wednesday. The company had a trading volume of 1,728,900 shares, compared to its average volume of 1,479,424. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market capitalization of $2.21 billion, a P/E ratio of 64.35, a PEG ratio of 0.92 and a beta of 1.10. The company’s 50 day moving average is $28.63 and its 200 day moving average is $30.14. Centuri has a one year low of $19.04 and a one year high of $42.99.

Centuri (NYSE:CTRI) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. The company had revenue of $959.53 million during the quarter, compared to analyst estimates of $835.99 million. Centuri had a return on equity of 5.64% and a net margin of 0.98%.The firm’s revenue was up 32.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 earnings per share. On average, equities analysts anticipate that Centuri will post 0.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Centuri

Institutional investors and hedge funds have recently made changes to their positions in the business. UBS Group AG grew its stake in shares of Centuri by 59.9% in the 4th quarter. UBS Group AG now owns 1,025,061 shares of the company’s stock worth $25,883,000 after buying an additional 384,054 shares during the last quarter. William Blair Investment Management LLC purchased a new position in Centuri during the fourth quarter valued at $20,233,000. Militia Capital Management LLC purchased a new position in Centuri during the first quarter valued at $615,000. Verbena Value LP boosted its holdings in Centuri by 31.3% in the first quarter. Verbena Value LP now owns 1,771,457 shares of the company’s stock worth $51,744,000 after acquiring an additional 422,593 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new stake in Centuri in the third quarter worth $4,992,000.

Centuri News Roundup

Here are the key news stories impacting Centuri this week:

• Positive Sentiment: Centuri reported second-quarter EPS of $0.24, exceeding the $0.21 consensus estimate and improving from $0.19 a year earlier. Revenue reached approximately $962 million, up 33% year over year and well above analysts’ expectations. Centuri Reports Second Quarter 2026 Results and Raises Full Year 2026 Guidance
• Positive Sentiment: The company raised its full-year 2026 revenue outlook to $3.6 billion-$3.8 billion, above the roughly $3.5 billion analyst consensus. The improved outlook reinforces expectations for continued growth. Centuri Reports Second Quarter 2026 Results and Raises Full Year 2026 Guidance
• Positive Sentiment: Management’s earnings call provided additional context on the quarterly results and the company’s raised 2026 outlook, which may support investor confidence in Centuri’s operating momentum. Centuri Holdings Q2 2026 Earnings Call Transcript

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.