Analysts Set Centuri Holdings, Inc. (NYSE:CTRI) PT at $26.40

Centuri Holdings, Inc. (NYSE:CTRI) has been assigned an average recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $26.40.

A number of equities analysts recently commented on CTRI shares. JPMorgan Chase & Co. upped their target price on Centuri from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Thursday, November 6th. UBS Group upped their price objective on shares of Centuri from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, November 13th. Wells Fargo & Company raised their target price on shares of Centuri from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a research report on Monday, December 29th. Finally, Cantor Fitzgerald assumed coverage on shares of Centuri in a research note on Friday, January 23rd. They issued an “overweight” rating and a $34.00 price target for the company.

Insider Transactions at Centuri

In related news, CEO Christian Brown sold 7,108 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $24.51, for a total transaction of $174,217.08. Following the sale, the chief executive officer owned 22,089 shares of the company’s stock, valued at $541,401.39. The trade was a 24.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.15% of the company’s stock.

Institutional Trading of Centuri

A number of institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in Centuri by 6.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 14,673 shares of the company’s stock valued at $329,000 after buying an additional 890 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Centuri by 7.0% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 20,461 shares of the company’s stock worth $517,000 after acquiring an additional 1,337 shares during the period. Arizona State Retirement System grew its holdings in shares of Centuri by 5.9% in the fourth quarter. Arizona State Retirement System now owns 25,041 shares of the company’s stock worth $632,000 after acquiring an additional 1,400 shares during the period. CWM LLC increased its position in Centuri by 59.7% during the fourth quarter. CWM LLC now owns 4,045 shares of the company’s stock valued at $102,000 after acquiring an additional 1,512 shares during the last quarter. Finally, Sandia Investment Management LP lifted its holdings in Centuri by 11.9% in the fourth quarter. Sandia Investment Management LP now owns 15,000 shares of the company’s stock valued at $379,000 after acquiring an additional 1,600 shares during the period.

Centuri Trading Up 3.2%

CTRI opened at $31.88 on Tuesday. Centuri has a one year low of $14.45 and a one year high of $32.25. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.67 and a quick ratio of 1.67. The business has a 50 day simple moving average of $27.65 and a two-hundred day simple moving average of $23.53. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 1,063.02, a PEG ratio of 1.16 and a beta of 0.81.

Centuri Company Profile

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.