Centuri (NYSE:CTRI) Trading Down 5.2% – Here’s What Happened

Centuri Holdings, Inc. (NYSE:CTRI)’s share price was down 5.2% during trading on Wednesday . The company traded as low as $17.51 and last traded at $17.80. Approximately 180,561 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 383,492 shares. The stock had previously closed at $18.78.

Analyst Ratings Changes

A number of research firms have commented on CTRI. Robert W. Baird boosted their target price on Centuri from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price target on shares of Centuri from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.80.

Centuri Stock Down 3.2 %

The stock’s 50-day simple moving average is $20.78 and its 200-day simple moving average is $19.13. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.64 and a quick ratio of 1.64.

Centuri (NYSE:CTRI) last announced its earnings results on Wednesday, February 26th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. Centuri had a negative net margin of 8.90% and a negative return on equity of 55.33%. On average, equities analysts expect that Centuri Holdings, Inc. will post 0.25 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Oppenheimer Asset Management Inc. purchased a new stake in shares of Centuri during the 3rd quarter valued at $334,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Centuri by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 111,364 shares of the company’s stock valued at $1,799,000 after purchasing an additional 3,818 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Centuri in the 3rd quarter valued at $256,000. BNP Paribas Financial Markets grew its holdings in Centuri by 39.3% in the third quarter. BNP Paribas Financial Markets now owns 6,827 shares of the company’s stock valued at $110,000 after purchasing an additional 1,927 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in Centuri by 129.1% in the third quarter. MetLife Investment Management LLC now owns 8,243 shares of the company’s stock valued at $133,000 after purchasing an additional 4,645 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.