Ironwood Investment Counsel LLC Acquires New Position in Centuri Holdings, Inc. $CTRI

Ironwood Investment Counsel LLC acquired a new stake in shares of Centuri Holdings, Inc. (NYSE:CTRI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 32,583 shares of the company’s stock, valued at approximately $823,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CTRI. Goldman Sachs Group Inc. grew its position in Centuri by 164.9% during the first quarter. Goldman Sachs Group Inc. now owns 153,549 shares of the company’s stock valued at $2,517,000 after purchasing an additional 95,585 shares in the last quarter. JPMorgan Chase & Co. grew its position in Centuri by 6.5% in the second quarter. JPMorgan Chase & Co. now owns 14,673 shares of the company’s stock worth $329,000 after acquiring an additional 890 shares in the last quarter. Legal & General Group Plc grew its position in Centuri by 126.8% in the second quarter. Legal & General Group Plc now owns 29,723 shares of the company’s stock worth $667,000 after acquiring an additional 16,618 shares in the last quarter. Rhumbline Advisers grew its position in Centuri by 10.1% in the second quarter. Rhumbline Advisers now owns 24,188 shares of the company’s stock worth $543,000 after acquiring an additional 2,228 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Centuri by 51.4% in the second quarter. American Century Companies Inc. now owns 47,447 shares of the company’s stock worth $1,065,000 after acquiring an additional 16,115 shares in the last quarter.

Centuri Price Performance

Shares of Centuri stock opened at $31.28 on Monday. The firm has a fifty day simple moving average of $32.11 and a 200-day simple moving average of $28.12. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. Centuri Holdings, Inc. has a 1-year low of $17.97 and a 1-year high of $42.99. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 92.01, a PEG ratio of 1.07 and a beta of 1.34.

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

Analyst Ratings Changes

CTRI has been the subject of several recent research reports. Wall Street Zen raised shares of Centuri from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. UBS Group boosted their target price on shares of Centuri from $33.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Wells Fargo & Company boosted their target price on shares of Centuri from $32.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Centuri in a research report on Friday, March 27th. Finally, Cantor Fitzgerald boosted their target price on shares of Centuri from $37.40 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $37.80.

Centuri 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.