Centuri (NYSE:CTRI) Stock Price Up 6.4% – Still a Buy?

Shares of Centuri Holdings, Inc. (NYSE:CTRI) traded up 6.4% on Friday . The stock traded as high as $22.89 and last traded at $23.07. 41,013 shares traded hands during trading, a decline of 81% from the average session volume of 219,861 shares. The stock had previously closed at $21.69.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CTRI shares. Robert W. Baird boosted their target price on shares of Centuri from $19.00 to $21.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. upped their price objective on Centuri from $16.00 to $17.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Centuri presently has an average rating of “Moderate Buy” and a consensus target price of $18.40.

Centuri Stock Performance

The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.64 and a current ratio of 1.64. The business’s 50-day simple moving average is $20.58 and its two-hundred day simple moving average is $18.62.

Hedge Funds Weigh In On Centuri

Several hedge funds and other institutional investors have recently made changes to their positions in CTRI. R Squared Ltd purchased a new position in Centuri in the fourth quarter valued at about $26,000. Barclays PLC lifted its position in Centuri by 410.4% during the 3rd quarter. Barclays PLC now owns 23,657 shares of the company’s stock worth $382,000 after acquiring an additional 19,022 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Centuri in the third quarter valued at $448,000. Zimmer Partners LP grew its stake in shares of Centuri by 67.4% during the third quarter. Zimmer Partners LP now owns 1,515,550 shares of the company’s stock valued at $24,476,000 after acquiring an additional 610,138 shares in the last quarter. Finally, State Street Corp increased its holdings in Centuri by 37.3% during the 3rd quarter. State Street Corp now owns 229,638 shares of the company’s stock worth $3,709,000 after purchasing an additional 62,390 shares during the last quarter.

Centuri Company Profile

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.