Insider Buying: Centuri (NYSE:CTRI) Director Buys $100,204.00 in Stock

Centuri Holdings, Inc. (NYSE:CTRI) Director Dustin DeMaria acquired 5,200 shares of the firm’s stock in a transaction dated Friday, September 18th. The shares were purchased at an average cost of $19.27 per share, for a total transaction of $100,204.00. Following the acquisition, the director directly owned 12,936 shares in the company, valued at $249,276.72. This represents a 67.22% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Centuri Trading Up 0.9%

Shares of Centuri stock opened at $20.22 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.82 and a quick ratio of 1.82. The company’s fifty day moving average price is $22.80 and its two-hundred day moving average price is $28.05. Centuri Holdings, Inc. has a 52-week low of $19.03 and a 52-week high of $42.99. The firm has a market capitalization of $2.04 billion, a PE ratio of 65.22, a price-to-earnings-growth ratio of 0.65 and a beta of 1.01.

Centuri (NYSE:CTRI) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.24 earnings per share (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 firm had revenue of $959.53 million during the quarter, compared to analyst estimates of $835.99 million. During the same quarter in the prior year, the business posted $0.19 earnings per share. The company’s quarterly revenue was up 32.9% compared to the same quarter last year. On average, analysts expect that Centuri Holdings, Inc. will post 0.62 EPS for the current year.

Analyst Ratings Changes

CTRI has been the topic of a number of research analyst reports. Wall Street Zen lowered Centuri from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Wells Fargo & Company lowered their price target on shares of Centuri from $37.00 to $29.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Robert W. Baird set a $33.00 price objective on Centuri in a research note on Wednesday, August 5th. Cantor Fitzgerald upped their target price on shares of Centuri from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Finally, Bank of America lowered their target price on Centuri from $33.50 to $21.00 and set an “underperform” rating for the company in a research note on Friday, September 4th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Centuri has an average rating of “Hold” and a consensus price target of $30.67.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CTRI. State of Wyoming grew its position in shares of Centuri by 5.0% in the first quarter. State of Wyoming now owns 15,880 shares of the company’s stock valued at $464,000 after purchasing an additional 752 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Centuri in the second quarter worth $33,000. Corient Private Wealth LP increased its holdings in Centuri by 2.7% in the 2nd quarter. Corient Private Wealth LP now owns 56,606 shares of the company’s stock valued at $1,712,000 after buying an additional 1,471 shares during the period. Pictet Asset Management Holding SA increased its stake in Centuri by 17.1% in the first quarter. Pictet Asset Management Holding SA now owns 13,263 shares of the company’s stock valued at $387,000 after acquiring an additional 1,937 shares during the last quarter. Finally, KBC Group NV bought a new position in shares of Centuri in the 1st quarter valued at $67,000.

Centuri Company Profile

Centuri Group, Inc is a North American utility infrastructure services company that supports the construction, maintenance and modernization of energy networks. The company primarily serves natural gas and electric utilities, providing services across the infrastructure life cycle, from initial engineering and installation to repair, replacement and ongoing maintenance.

Its capabilities include gas distribution construction, electric transmission and distribution work, pipeline integrity services, underground utility installation, emergency response and related engineering and field services.