17,315 Shares in Centuri Holdings, Inc. $CTRI Bought by Truist Financial Corp

Truist Financial Corp bought a new position in shares of Centuri Holdings, Inc. (NYSE:CTRI) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 17,315 shares of the company’s stock, valued at approximately $437,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in Centuri by 6.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 14,673 shares of the company’s stock worth $329,000 after buying an additional 890 shares during the last quarter. Arizona State Retirement System grew its stake in Centuri by 5.9% during the 4th quarter. Arizona State Retirement System now owns 25,041 shares of the company’s stock worth $632,000 after buying an additional 1,400 shares during the last quarter. CWM LLC grew its stake in Centuri by 59.7% during the 4th quarter. CWM LLC now owns 4,045 shares of the company’s stock worth $102,000 after buying an additional 1,512 shares during the last quarter. Amalgamated Bank grew its stake in Centuri by 288.1% during the 3rd quarter. Amalgamated Bank now owns 2,278 shares of the company’s stock worth $48,000 after buying an additional 1,691 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in Centuri by 13,385.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock valued at $40,000 after purchasing an additional 1,874 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Cantor Fitzgerald boosted their price target on Centuri from $37.40 to $46.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. boosted their price objective on Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a report on Friday, May 8th. Robert W. Baird set a $41.00 price target on Centuri in a report on Friday, May 8th. Wall Street Zen raised Centuri from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Centuri in a report on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $37.80.

Centuri Trading Down 3.3%

Shares of Centuri stock opened at $28.98 on Wednesday. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 85.22, a PEG ratio of 1.03 and a beta of 1.34. Centuri Holdings, Inc. has a fifty-two week low of $17.97 and a fifty-two week high of $42.99. 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 stock has a 50 day moving average of $32.11 and a 200 day moving average of $28.24.

Centuri (NYSE:CTRI) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.05. The company had revenue of $688.69 million during the quarter, compared to analyst estimates of $618.87 million. Centuri had a return on equity of 5.64% and a net margin of 0.98%.The firm’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.12) earnings per share. As a group, research analysts predict that Centuri Holdings, Inc. will post 0.59 earnings per share for the current year.

Centuri 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.