Vanguard Group Inc. Increases Stock Position in Centuri Holdings, Inc. $CTRI

Vanguard Group Inc. increased its holdings in shares of Centuri Holdings, Inc. (NYSE:CTRI) by 126.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,059,743 shares of the company’s stock after purchasing an additional 4,493,955 shares during the period. Vanguard Group Inc. owned 9.09% of Centuri worth $170,625,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Amalgamated Bank raised its stake in shares of Centuri by 288.1% during the 3rd quarter. Amalgamated Bank now owns 2,278 shares of the company’s stock worth $48,000 after acquiring an additional 1,691 shares in the last quarter. CWM LLC raised its stake in Centuri by 238.1% in the second quarter. CWM LLC now owns 2,688 shares of the company’s stock valued at $60,000 after buying an additional 1,893 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Centuri by 121.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock worth $124,000 after acquiring an additional 3,037 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Centuri during the third quarter worth about $119,000. Finally, State of Wyoming acquired a new position in shares of Centuri during the third quarter valued at about $128,000.

Centuri Stock Down 0.5%

Centuri stock opened at $30.86 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.78 and a quick ratio of 1.78. The stock has a market capitalization of $3.11 billion, a PE ratio of 134.17, a price-to-earnings-growth ratio of 1.10 and a beta of 0.62. The business has a 50 day simple moving average of $28.36 and a 200-day simple moving average of $24.07. Centuri Holdings, Inc. has a 12 month low of $14.45 and a 12 month high of $32.38.

Centuri (NYSE:CTRI) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The company had revenue of $858.60 million during the quarter, compared to analysts’ expectations of $740.62 million. Centuri had a return on equity of 5.09% and a net margin of 0.76%.Centuri’s revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 EPS. On average, analysts anticipate that Centuri Holdings, Inc. will post 0.25 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on CTRI. JPMorgan Chase & Co. boosted their target price on shares of Centuri from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Thursday, November 6th. UBS Group raised their target price on Centuri from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a research note on Monday, December 29th. Wells Fargo & Company raised their price objective on Centuri from $30.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Finally, Cantor Fitzgerald boosted their price objective on Centuri from $34.00 to $35.25 and gave the company an “overweight” rating in a report on Friday. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $28.81.

Insider Buying and Selling at Centuri

In related news, CEO Christian Brown sold 7,108 shares of the firm’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $24.51, for a total value of $174,217.08. Following the transaction, the chief executive officer directly owned 22,089 shares of the company’s stock, valued at approximately $541,401.39. This trade represents a 24.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.15% of the stock is currently owned by company insiders.

About Centuri

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.