Key Points
- Centuri Director Dustin DeMaria purchased 5,200 shares at an average price of $19.27, investing $100,204 and increasing his position by 67.22% to 12,936 shares.
- Centuri’s latest quarterly results exceeded expectations, with adjusted earnings of $0.24 per share and revenue of $959.53 million, up 32.9% year over year.
- Analysts maintain a consensus “Hold” rating on CTRI, with an average price target of $30.67, while the stock recently traded near $20.26—well below its 52-week high of $42.99.
Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) Director Dustin DeMaria bought 5,200 shares of the company's stock in a transaction on Friday, September 18th. The stock was bought at an average cost of $19.27 per share, with a total value of $100,204.00. Following the completion of the purchase, the director owned 12,936 shares of the company's stock, valued at approximately $249,276.72. The trade was a 67.22% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Centuri Price Performance
Shares of CTRI stock opened at $20.26 on Tuesday. Centuri Holdings, Inc. has a 1 year low of $19.03 and a 1 year high of $42.99. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.81. The firm's 50 day moving average is $23.06 and its 200-day moving average is $28.18. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 65.35, a PEG ratio of 0.63 and a beta of 1.01.
Centuri (NYSE:CTRI - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.03. Centuri had a net margin of 0.86% and a return on equity of 5.85%. The business had revenue of $959.53 million during the quarter, compared to analyst estimates of $835.99 million. During the same quarter last year, the business posted $0.19 earnings per share. Centuri's revenue for the quarter was up 32.9% compared to the same quarter last year. Sell-side analysts forecast that Centuri Holdings, Inc. will post 0.62 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on CTRI shares. Wall Street Zen downgraded Centuri from a "buy" rating to a "hold" rating in a research report on Monday, July 20th. Weiss Ratings upgraded Centuri from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 4th. Cantor Fitzgerald lifted their price objective on Centuri from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 19th. Wells Fargo & Company dropped their price objective on Centuri from $37.00 to $29.00 and set an "overweight" rating for the company in a report on Wednesday, August 5th. Finally, Robert W. Baird set a $33.00 target price on shares of Centuri in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $30.67.
Read Our Latest Stock Report on Centuri
Institutional Trading of Centuri
A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in shares of Centuri by 46.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 890,022 shares of the company's stock valued at $25,998,000 after purchasing an additional 281,264 shares during the period. Quantinno Capital Management LP boosted its position in shares of Centuri by 798.4% in the 1st quarter. Quantinno Capital Management LP now owns 90,811 shares of the company's stock worth $2,653,000 after purchasing an additional 80,703 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Centuri during the fourth quarter worth $20,233,000. Sei Investments Co. grew its stake in shares of Centuri by 75.1% during the first quarter. Sei Investments Co. now owns 111,437 shares of the company's stock worth $3,255,000 after purchasing an additional 47,809 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in Centuri in the second quarter valued at about $23,153,000.
About Centuri
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
