Centuri (NYSE:CTRI) Shares Gap Up – Should You Buy?

Centuri Holdings, Inc. (NYSE:CTRI) shares gapped up before the market opened on Friday . The stock had previously closed at $32.08, but opened at $33.50. Centuri shares last traded at $33.3160, with a volume of 8,658 shares.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CTRI shares. Cantor Fitzgerald increased their price target on shares of Centuri from $35.25 to $37.40 and gave the stock an “overweight” rating in a research note on Wednesday, March 25th. Wells Fargo & Company dropped their price target on shares of Centuri from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Centuri in a research note on Friday, March 27th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.85.

Centuri Stock Up 0.8%

The business’s 50 day moving average is $30.22 and its 200-day moving average is $25.84. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.78 and a current ratio of 1.78. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 146.46, a price-to-earnings-growth ratio of 1.35 and a beta of 0.73.

Centuri (NYSE:CTRI) last posted its earnings results on Wednesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Centuri had a net margin of 0.76% and a return on equity of 5.09%. The firm had revenue of $858.60 million during the quarter, compared to analyst estimates of $740.62 million. During the same quarter in the previous year, the business posted $0.21 earnings per share. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. Equities analysts anticipate that Centuri Holdings, Inc. will post 0.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CTRI. Vanguard Group Inc. grew its stake in Centuri by 126.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,059,743 shares of the company’s stock valued at $170,625,000 after buying an additional 4,493,955 shares during the last quarter. Icahn Carl C grew its stake in Centuri by 69.4% in the 3rd quarter. Icahn Carl C now owns 10,847,672 shares of the company’s stock valued at $229,645,000 after buying an additional 4,443,795 shares during the last quarter. Wellington Management Group LLP acquired a new position in Centuri in the 3rd quarter valued at $78,222,000. Samlyn Capital LLC acquired a new position in Centuri in the 3rd quarter valued at $36,838,000. Finally, Carronade Capital Management LP grew its stake in Centuri by 125.6% in the 3rd quarter. Carronade Capital Management LP now owns 3,052,817 shares of the company’s stock valued at $64,628,000 after buying an additional 1,699,392 shares during the last quarter.

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.