Key Points
- Centuri director Charles Patton bought 11,000 shares at an average price of $22.72, spending about $249,920. The purchase increased his ownership by 37.53% to 40,309 shares.
- Centuri reported quarterly EPS of $0.42, beating the $0.23 consensus, while revenue rose 40.2% year over year to $1.19 billion.
- The shares traded at $21.81, and analysts’ consensus rating was Hold, with an average price target of $27.50.
Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) Director Anne Mariucci acquired 4,545 shares of the firm's stock in a transaction on Tuesday, November 10th. The stock was bought at an average price of $22.00 per share, with a total value of $99,990.00. Following the purchase, the director directly owned 94,254 shares of the company's stock, valued at $2,073,588. This represents a 5.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Centuri Stock Performance
Shares of CTRI stock traded down $0.44 during mid-day trading on Friday, hitting $21.81. 1,416,159 shares of the stock were exchanged, compared to its average volume of 2,128,472. The stock's fifty day simple moving average is $20.50 and its two-hundred day simple moving average is $26.95. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 38.95, a P/E/G ratio of 0.77 and a beta of 0.94. Centuri Holdings, Inc. has a 12-month low of $18.50 and a 12-month high of $42.99. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.84 and a current ratio of 1.84.
Centuri (NYSE:CTRI - Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.19. The business had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.04 billion. Centuri had a return on equity of 8.26% and a net margin of 1.45%. The business's revenue was up 40.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 earnings per share. On average, analysts forecast that Centuri Holdings, Inc. will post 0.58 EPS for the current year.
Analyst Ratings Changes
Several research firms have recently commented on CTRI. Robert W. Baird cut their price target on Centuri from $33.00 to $26.00 and set an "outperform" rating for the company in a research note on Tuesday, September 29th. Wall Street Zen lowered Centuri from a "buy" rating to a "hold" rating in a research note on Monday, July 20th. JPMorgan Chase & Co. lowered their price objective on shares of Centuri from $23.00 to $22.00 and set an "underweight" rating on the stock in a research note on Monday, October 19th. Wells Fargo & Company lowered their target price on Centuri from $28.00 to $24.00 and set an "overweight" rating on the stock in a report on Friday, November 6th. Finally, Weiss Ratings raised shares of Centuri from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, November 9th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $27.50.
Check Out Our Latest Stock Report on CTRI
Trending Headlines about Centuri
These are some of the CTRI headlines that stood out recently:
- Positive Sentiment: Director Anne L. Mariucci bought 4,545 shares for about $100,000, increasing her stake by 5.07%. The purchase may signal confidence, though it is small relative to Icahn’s sales. SEC filing
- Neutral Sentiment: Recent operating results provide a positive fundamental backdrop: Centuri reported quarterly EPS of $0.42 versus a $0.23 consensus estimate, while revenue rose 40.2% year over year. The article also reports a consensus analyst rating of “Hold.”
- Negative Sentiment: Icahn sold about 1.5 million shares across transactions from November 9–12, including 324,700 shares on November 12. Although he still held more than 12 million shares afterward, the repeated selling—at prices ranging from $17.50 to $21—may raise concerns about near-term supply and confidence. Insider trading report
Hedge Funds Weigh In On Centuri
Several institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in 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 acquiring an additional 281,264 shares during the last quarter. Irenic Capital Management LP boosted its holdings in shares of Centuri by 46.2% during the second quarter. Irenic Capital Management LP now owns 518,705 shares of the company's stock worth $15,686,000 after purchasing an additional 163,934 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Centuri by 798.4% during the first 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. NEOS Investment Management LLC boosted its holdings in shares of Centuri by 33.7% during the second quarter. NEOS Investment Management LLC now owns 617,145 shares of the company's stock worth $18,662,000 after purchasing an additional 155,647 shares during the last quarter. Finally, Sei Investments Co. grew its position in shares of Centuri by 75.1% in the first quarter. Sei Investments Co. now owns 111,437 shares of the company's stock valued at $3,255,000 after purchasing an additional 47,809 shares during the period.
Centuri Company Profile
(
Get Free Report)
Centuri Holdings, Inc. is a North American utility infrastructure services company that builds, maintains and upgrades systems used to deliver natural gas and electricity. Its work includes installing and replacing underground gas pipelines, constructing and maintaining electric distribution infrastructure, and providing related inspection, repair and emergency-response services. The company serves regulated utilities and other energy customers across the United States and Canada. Its operating businesses include NPL Construction, Neuco, Linetec Services and Riggs Distler, which provide capabilities spanning gas distribution, electric utility construction and broader infrastructure work.
Read More
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].
