New York State Common Retirement Fund Has $3.96 Million Stock Holdings in Centuri Holdings, Inc. $CTRI

New York State Common Retirement Fund raised its stake in Centuri Holdings, Inc. (NYSE:CTRI) by 3,300.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 187,023 shares of the company’s stock after acquiring an additional 181,523 shares during the quarter. New York State Common Retirement Fund’s holdings in Centuri were worth $3,959,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CTRI. Amalgamated Bank grew its stake in shares of Centuri by 288.1% in 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 boosted its holdings in Centuri by 238.1% in the second quarter. CWM LLC now owns 2,688 shares of the company’s stock worth $60,000 after acquiring an additional 1,893 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Centuri in the third quarter worth approximately $119,000. Tower Research Capital LLC TRC grew its stake in Centuri by 121.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock valued at $124,000 after acquiring an additional 3,037 shares during the period. Finally, Strs Ohio bought a new stake in shares of Centuri during the third quarter valued at approximately $167,000.

Centuri Price Performance

Shares of NYSE:CTRI opened at $28.95 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.54. The stock has a market cap of $2.88 billion, a PE ratio of 965.32, a price-to-earnings-growth ratio of 1.04 and a beta of 0.81. The stock’s fifty day simple moving average is $26.61 and its two-hundred day simple moving average is $22.92. Centuri Holdings, Inc. has a 1-year low of $14.45 and a 1-year high of $29.07.

Centuri (NYSE:CTRI) last announced its earnings results on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.13). Centuri had a net margin of 0.09% and a return on equity of 6.37%. The firm had revenue of $848.55 million during the quarter, compared to analysts’ expectations of $762.06 million. During the same quarter in the prior year, the company earned $0.06 EPS. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. As a group, analysts forecast that Centuri Holdings, Inc. will post 0.25 EPS for the current fiscal year.

Insider Transactions at Centuri

In other Centuri news, major shareholder Carl C. Icahn bought 3,488,372 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were purchased at an average price of $21.50 per share, for a total transaction of $74,999,998.00. Following the purchase, the insider directly owned 14,336,044 shares of the company’s stock, valued at approximately $308,224,946. This represents a 32.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christian Brown sold 7,108 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $24.51, for a total value of $174,217.08. Following the completion of the transaction, the chief executive officer directly owned 22,089 shares of the company’s stock, valued at approximately $541,401.39. This represents a 24.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CTRI. Cantor Fitzgerald assumed coverage on Centuri in a report on Friday, January 23rd. They issued an “overweight” rating and a $34.00 target price on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Centuri in a report on Monday, December 29th. UBS Group raised their price objective on shares of Centuri from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, November 13th. JPMorgan Chase & Co. lifted their price objective on shares of Centuri from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Thursday, November 6th. Finally, Wells Fargo & Company upped their target price on shares of Centuri from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Centuri has a consensus rating of “Hold” and an average target price of $26.40.

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.