Truist Financial Corp Buys New Shares in Centuri Holdings, Inc. $CTRI

Truist Financial Corp bought a new stake in Centuri Holdings, Inc. (NYSE:CTRI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 17,315 shares of the company’s stock, valued at approximately $437,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. UBS Group AG raised its stake in Centuri by 59.9% in the fourth quarter. UBS Group AG now owns 1,025,061 shares of the company’s stock valued at $25,883,000 after buying an additional 384,054 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Centuri by 5.9% during the fourth quarter. Arizona State Retirement System now owns 25,041 shares of the company’s stock worth $632,000 after buying an additional 1,400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Centuri by 33.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,200 shares of the company’s stock worth $460,000 after buying an additional 4,600 shares during the last quarter. CWM LLC grew its holdings in shares of Centuri by 59.7% during the fourth quarter. CWM LLC now owns 4,045 shares of the company’s stock worth $102,000 after buying an additional 1,512 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Centuri by 38.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 71,243 shares of the company’s stock valued at $1,799,000 after purchasing an additional 19,810 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a report on Friday, May 8th. UBS Group lifted their price objective on Centuri from $33.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Robert W. Baird set a $41.00 price objective on Centuri in a research report on Friday, May 8th. Wall Street Zen upgraded Centuri from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Cantor Fitzgerald boosted their price target on Centuri from $37.40 to $46.00 and gave the company an “overweight” rating in a report on Monday, May 11th. 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $37.80.

Centuri Stock Performance

NYSE:CTRI opened at $28.98 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a 50-day moving average of $32.11 and a two-hundred day moving average of $28.24. The stock has a market cap of $2.92 billion, a P/E ratio of 85.22, a PEG ratio of 1.03 and a beta of 1.34. Centuri Holdings, Inc. has a 1-year low of $17.97 and a 1-year high of $42.99.

Centuri (NYSE:CTRI) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.05. The company had revenue of $688.69 million during the quarter, compared to analysts’ expectations of $618.87 million. Centuri had a net margin of 0.98% and a return on equity of 5.64%. The firm’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.12) EPS. On average, research analysts expect that Centuri Holdings, Inc. will post 0.59 earnings per share for the current fiscal year.

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.