Centuri (NYSE:CTRI) Stock: Insider Anne Mariucci Acquires 4,545 Shares

Centuri Holdings, Inc. (NYSE:CTRI) Director Anne Mariucci acquired 4,545 shares of the business’s stock in a transaction dated Tuesday, November 10th. The stock was purchased at an average price of $22.00 per share, with a total value of $99,990.00. Following the completion of the transaction, the director directly owned 94,254 shares of the company’s stock, valued at $2,073,588. This trade represents a 5.07% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Centuri Price Performance

Centuri stock traded down $0.52 during midday trading on Friday, reaching $21.73. 82,150 shares of the stock were exchanged, compared to its average volume of 1,640,570. The company’s fifty day moving average is $20.48 and its 200-day moving average is $26.99. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market cap of $2.19 billion, a PE ratio of 38.74, a PEG ratio of 0.78 and a beta of 0.94. Centuri Holdings, Inc. has a 52 week low of $18.50 and a 52 week high of $42.99.

Centuri (NYSE:CTRI) last posted its earnings results on Thursday, November 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.19. Centuri had a net margin of 1.45% and a return on equity of 8.26%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the company posted $0.19 EPS. The business’s revenue for the quarter was up 40.2% compared to the same quarter last year. On average, sell-side analysts forecast that Centuri Holdings, Inc. will post 0.58 EPS for the current year.

More Centuri News

Investors following CTRI have been watching these news items:

• Positive Sentiment: Director Anne L. Mariucci bought 4,545 shares for about $100,000 at an average price of $22, increasing her position by 5.07%. SEC filing
• Negative Sentiment: Icahn sold about 1.5 million shares across transactions from November 9–12, including a sale of 324,700 shares at an average $17.50. He still owned roughly 12.8 million shares afterward, but the scale and repeated nature of the sales may weigh on sentiment. Insider trading report

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Cantor Fitzgerald increased their price objective on Centuri from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. JPMorgan Chase & Co. reduced their target price on Centuri from $23.00 to $22.00 and set an “underweight” rating for the company in a research report on Monday, October 19th. Robert W. Baird dropped their price target on Centuri from $33.00 to $26.00 and set an “outperform” rating for the company in a research report on Tuesday, September 29th. Wells Fargo & Company cut their price objective on Centuri from $28.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, November 6th. Finally, Bank of America cut their price objective on Centuri from $33.50 to $21.00 and set an “underperform” rating for the company in a report on Friday, September 4th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $27.50.

Institutional Trading of Centuri

A number of hedge funds have recently made changes to their positions in the stock. Reinhart Partners LLC. bought a new position in Centuri in the third quarter valued at $76,741,000. Assenagon Asset Management S.A. bought a new stake in Centuri during the second quarter worth about $23,153,000. Dimensional Fund Advisors LP boosted its holdings in shares of Centuri by 46.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 890,022 shares of the company’s stock worth $25,998,000 after purchasing an additional 281,264 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Centuri in the 2nd quarter worth about $7,827,000. Finally, Irenic Capital Management LP boosted its holdings in shares of Centuri by 97.1% in the 1st quarter. Irenic Capital Management LP now owns 354,771 shares of the company’s stock worth $10,363,000 after purchasing an additional 174,771 shares in the last quarter.

About Centuri

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.