Brokerages Set Centuri Holdings, Inc. (NYSE:CTRI) PT at $32.40

Centuri Holdings, Inc. (NYSE:CTRI) has been given a consensus recommendation of “Hold” by the five analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $32.60.

Several brokerages recently issued reports on CTRI. Wall Street Zen cut Centuri from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Wells Fargo & Company decreased their price objective on Centuri from $37.00 to $29.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. JPMorgan Chase & Co. lifted their target price on Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a research note on Friday, May 8th. UBS Group boosted their target price on Centuri from $33.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Finally, Cantor Fitzgerald upped their price target on Centuri from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th.

Centuri Trading Up 0.0%

Shares of Centuri stock opened at $21.37 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.82 and a current ratio of 1.82. The company has a market capitalization of $2.16 billion, a P/E ratio of 68.94, a PEG ratio of 0.70 and a beta of 1.10. Centuri has a 1 year low of $19.04 and a 1 year high of $42.99. The company’s fifty day moving average is $26.76 and its two-hundred day moving average is $29.69.

Centuri (NYSE:CTRI) last announced its earnings results on Tuesday, August 4th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $835.99 million. During the same period in the prior year, the company earned $0.19 earnings per share. The business’s revenue was up 32.9% compared to the same quarter last year. Analysts forecast that Centuri will post 0.62 earnings per share for the current year.

Hedge Funds Weigh In On Centuri

Several institutional investors have recently bought and sold shares of CTRI. Irenic Capital Management LP raised its position in Centuri by 46.2% during the 2nd quarter. Irenic Capital Management LP now owns 518,705 shares of the company’s stock worth $15,686,000 after buying an additional 163,934 shares during the last quarter. Odyssean LLC purchased a new stake in shares of Centuri in the second quarter valued at about $318,000. NEOS Investment Management LLC boosted its holdings in shares of Centuri by 33.7% in the second quarter. NEOS Investment Management LLC now owns 617,145 shares of the company’s stock valued at $18,662,000 after acquiring an additional 155,647 shares in the last quarter. Ancora Advisors LLC acquired a new position in shares of Centuri during the second quarter worth about $2,309,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Centuri during the second quarter worth about $7,827,000.

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.