Key Points
- Centuri CEO Christian Brown sold 7,108 shares on Dec. 4 at an average price of $24.51 for $174,217, leaving him with 22,089 shares — a 24.34% reduction in his ownership valued at about $541,401.
- Q3 results showed mixed signals: Centuri missed EPS expectations ($0.19 reported vs. $0.32 consensus) but beat revenue estimates ($848.6M vs. $762.1M), with revenue up 18.1% year-over-year.
- Analyst and valuation backdrop: The consensus rating is "Hold" with a $23.25 target, while the stock trades near $25.80 and carries an elevated P/E of 860.29, reflecting high valuation relative to earnings.
Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) CEO Christian Brown sold 7,108 shares of the firm's stock in a transaction on Thursday, December 4th. The stock was 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 in the company, valued at approximately $541,401.39. This represents a 24.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Centuri Stock Performance
Shares of CTRI opened at $25.80 on Tuesday. The business has a 50-day simple moving average of $21.15 and a two-hundred day simple moving average of $21.24. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.54. Centuri Holdings, Inc. has a 52 week low of $14.45 and a 52 week high of $26.17. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 860.29, a PEG ratio of 1.80 and a beta of 0.94.
Centuri (NYSE:CTRI - Get Free Report) last announced 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 company had revenue of $848.55 million for the quarter, compared to the consensus estimate of $762.06 million. Centuri had a net margin of 0.09% and a return on equity of 6.37%. The company's revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 earnings per share. On average, analysts expect that Centuri Holdings, Inc. will post 0.25 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in CTRI. Caitong International Asset Management Co. Ltd increased its holdings in shares of Centuri by 13,385.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company's stock worth $40,000 after purchasing an additional 1,874 shares during the last quarter. Amalgamated Bank increased its stake in Centuri by 288.1% in 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 during the last quarter. CWM LLC raised its holdings in shares of Centuri by 238.1% during the 2nd 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 shares of Centuri during the 3rd quarter valued at approximately $119,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Centuri by 121.7% during the 2nd 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 last quarter.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of 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 1st. Finally, JPMorgan Chase & Co. boosted their price objective on Centuri from $20.00 to $22.00 and gave the company an "underweight" rating in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $23.25.
Read Our Latest Stock Analysis on Centuri
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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