Rhumbline Advisers Grows Position in Centuri Holdings, Inc. $CTRI

Rhumbline Advisers lifted its position in Centuri Holdings, Inc. (NYSE:CTRI) by 274.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 90,487 shares of the company’s stock after purchasing an additional 66,299 shares during the period. Rhumbline Advisers owned about 0.10% of Centuri worth $1,916,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Amalgamated Bank boosted its position in Centuri by 288.1% during the 3rd quarter. Amalgamated Bank now owns 2,278 shares of the company’s stock valued at $48,000 after buying an additional 1,691 shares during the period. CWM LLC raised its stake in shares of Centuri by 238.1% during the second quarter. CWM LLC now owns 2,688 shares of the company’s stock valued at $60,000 after acquiring an additional 1,893 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Centuri by 121.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock worth $124,000 after purchasing an additional 3,037 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of Centuri in the third quarter worth about $119,000. Finally, State of Wyoming purchased a new position in Centuri during the 3rd quarter valued at about $128,000.

Centuri Stock Down 1.6%

NYSE:CTRI opened at $30.93 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.67 and a quick ratio of 1.67. The firm’s 50-day moving average price is $28.26 and its 200-day moving average price is $23.97. The company has a market capitalization of $3.08 billion, a PE ratio of 134.46, a P/E/G ratio of 1.17 and a beta of 0.81. Centuri Holdings, Inc. has a 1-year low of $14.45 and a 1-year high of $32.38.

Centuri (NYSE:CTRI) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The business had revenue of $858.60 million for the quarter, compared to analysts’ expectations of $740.62 million. Centuri had a net margin of 0.76% and a return on equity of 5.80%. The company’s revenue was up 19.7% on a year-over-year basis. During the same period last year, the business earned $0.21 earnings per share. On average, equities analysts predict that Centuri Holdings, Inc. will post 0.25 EPS for the current fiscal year.

Insider Activity

In other news, CEO Christian Brown sold 7,108 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $24.51, for a total value of $174,217.08. Following the sale, the chief executive officer directly owned 22,089 shares of the company’s stock, valued at $541,401.39. The trade was a 24.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

CTRI has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Centuri from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Thursday, November 6th. UBS Group upped their target price on Centuri from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, November 13th. Cantor Fitzgerald lifted their price target on shares of Centuri from $34.00 to $35.25 and gave the company an “overweight” rating in a report on Friday. Weiss Ratings reissued a “sell (d+)” rating on shares of Centuri in a research report on Monday, December 29th. Finally, Wells Fargo & Company raised their target price on shares of Centuri from $30.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $28.81.

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.