Key Points
- Carl Icahn purchased 3,488,372 shares of Centuri on Nov. 14 at $21.50 each (~$75.0M), boosting his direct stake to 14,336,044 shares (a 32.16% increase) valued at about $308.2M.
- Centuri's latest quarter showed EPS of $0.19, missing estimates by $0.13, while revenue beat at $848.6M (up 18.1% year‑over‑year).
- The stock trades near $20.88 with a market cap of $1.85B and a very high trailing P/E (~696); analysts' consensus is a Hold with an average target of $23.25, and large institutions like Vanguard have materially increased positions.
Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) major shareholder Carl Icahn bought 3,488,372 shares of the business's stock in a transaction dated Friday, November 14th. The stock was purchased at an average price of $21.50 per share, for a total transaction of $74,999,998.00. Following the acquisition, the insider directly owned 14,336,044 shares of the company's stock, valued at approximately $308,224,946. The trade was a 32.16% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Centuri Trading Down 0.3%
NYSE:CTRI opened at $20.88 on Friday. The firm has a market capitalization of $1.85 billion, a P/E ratio of 696.07, a P/E/G ratio of 1.47 and a beta of 1.08. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.54. The company has a fifty day moving average of $21.06 and a 200 day moving average of $20.91. Centuri Holdings, Inc. has a 52 week low of $14.45 and a 52 week high of $24.60.
Centuri (NYSE:CTRI - Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.13). The firm had revenue of $848.55 million during the quarter, compared to analysts' expectations of $762.06 million. Centuri had a net margin of 0.09% and a return on equity of 6.37%. Centuri's revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 EPS. Centuri has set its FY 2025 guidance at EPS. On average, research analysts predict that Centuri Holdings, Inc. will post 0.25 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on CTRI. JPMorgan Chase & Co. increased their price objective on Centuri from $20.00 to $22.00 and gave the stock an "underweight" rating in a report on Thursday, November 6th. Weiss Ratings restated a "sell (e+)" rating on shares of Centuri in a report on Wednesday, November 5th. Finally, UBS Group boosted their price objective on shares of Centuri from $22.00 to $24.00 and gave the company a "neutral" rating in a research report on Thursday. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $23.25.
View Our Latest Stock Analysis on CTRI
Institutional Investors Weigh In On Centuri
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Centuri by 126.0% in the third quarter. Vanguard Group Inc. now owns 8,059,743 shares of the company's stock worth $170,625,000 after purchasing an additional 4,493,955 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of Centuri in the 3rd quarter worth about $78,222,000. Cooper Creek Partners Management LLC purchased a new position in Centuri during the 2nd quarter valued at about $49,416,000. Balyasny Asset Management L.P. purchased a new position in Centuri during the 2nd quarter valued at about $36,165,000. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in Centuri in the second quarter worth about $30,725,000.
Centuri Company Profile
(
Get Free Report)
Centuri Holdings, Inc operates as a utility infrastructure services company in North America. It offers gas utility services, including maintenance, repair, installation, and replacement services for natural gas local distribution utility companies with focus on the modernization of infrastructure. The company also provides electric utility services comprising design, maintenance and repair, upgrade, and expansion services for transmission and distribution infrastructure.
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