Centuri (NYSE:CTRI) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Centuri (NYSE:CTRI) had its target price dropped by research analysts at JPMorgan Chase & Co. from $23.00 to $22.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 7.27% from the stock’s previous close.

CTRI has been the topic of several other reports. Wells Fargo & Company dropped their target price on Centuri from $37.00 to $29.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Wall Street Zen downgraded shares of Centuri from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Bank of America reduced their price objective on shares of Centuri from $33.50 to $21.00 and set an “underperform” rating for the company in a research note on Friday, September 4th. Cantor Fitzgerald lifted their target price on shares of Centuri from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Finally, Robert W. Baird dropped their target price on shares of Centuri from $33.00 to $26.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 29th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $28.33.

Centuri Trading Up 3.9%

Shares of Centuri stock traded up $0.78 during trading on Monday, reaching $20.51. 1,910,989 shares of the stock were exchanged, compared to its average volume of 1,601,890. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 66.16, a price-to-earnings-growth ratio of 0.64 and a beta of 1.01. The stock’s fifty day moving average is $20.88 and its 200 day moving average is $26.94. Centuri has a 1 year low of $18.79 and a 1 year high of $42.99. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.81.

Centuri (NYSE:CTRI) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. Centuri had a net margin of 0.86% and a return on equity of 5.85%. The business had revenue of $959.53 million during the quarter, compared to analyst estimates of $835.99 million. During the same period in the prior year, the business earned $0.19 EPS. The company’s revenue for the quarter was up 32.9% on a year-over-year basis. As a group, equities research analysts expect that Centuri will post 0.62 earnings per share for the current fiscal year.

Insider Transactions at Centuri

In related news, Director Dustin DeMaria bought 5,200 shares of the stock in a transaction on Friday, September 18th. The shares were acquired at an average price of $19.27 per share, for a total transaction of $100,204.00. Following the purchase, the director owned 12,936 shares of the company’s stock, valued at approximately $249,276.72. The trade was a 67.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Reinhart Partners LLC. purchased a new stake in Centuri in the third quarter worth approximately $76,741,000. Verbena Value LP grew its position in Centuri by 31.3% in the 1st quarter. Verbena Value LP now owns 1,771,457 shares of the company’s stock worth $51,744,000 after purchasing an additional 422,593 shares during the period. Renaissance Technologies LLC grew its position in Centuri by 11.5% in the 1st quarter. Renaissance Technologies LLC now owns 934,300 shares of the company’s stock worth $27,291,000 after purchasing an additional 96,600 shares during the period. Dimensional Fund Advisors LP raised its stake in Centuri by 46.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 890,022 shares of the company’s stock valued at $25,998,000 after buying an additional 281,264 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Centuri by 2.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 785,725 shares of the company’s stock valued at $15,746,000 after buying an additional 20,097 shares during the last quarter.

Centuri Company Profile

Centuri Holdings, Inc (NYSE: CTRI) is an infrastructure services company that supports the development, maintenance and modernization of essential utility systems in the United States and Canada. Its customers primarily include natural gas and electric utilities, municipalities and other infrastructure owners.

The company provides construction and maintenance services for gas distribution networks, electric transmission and distribution systems, and other underground utility infrastructure.