Centuri Holdings, Inc. (NYSE:CTRI) Director Acquires $330,000.00 in Stock

Centuri Holdings, Inc. (NYSE:CTRI) Director William Fehrman purchased 20,000 shares of Centuri stock in a transaction that occurred on Wednesday, July 31st. The shares were bought at an average price of $16.50 per share, with a total value of $330,000.00. Following the transaction, the director now owns 45,000 shares in the company, valued at $742,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Centuri Stock Down 0.5 %

Shares of Centuri stock opened at $16.27 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 5.91. Centuri Holdings, Inc. has a 52 week low of $14.73 and a 52 week high of $28.65. The company has a fifty day simple moving average of $22.44.

Centuri (NYSE:CTRI) last posted its earnings results on Monday, July 29th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $672.08 million during the quarter, compared to analyst estimates of $760.55 million. The firm’s quarterly revenue was down 16.6% compared to the same quarter last year. As a group, sell-side analysts expect that Centuri Holdings, Inc. will post 0.51 EPS for the current year.

Hedge Funds Weigh In On Centuri

A hedge fund recently bought a new stake in Centuri stock. Rhumbline Advisers purchased a new position in shares of Centuri Holdings, Inc. (NYSE:CTRI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,382 shares of the company’s stock, valued at approximately $300,000.

Analysts Set New Price Targets

CTRI has been the subject of several research reports. Robert W. Baird started coverage on Centuri in a research report on Monday, May 13th. They set an “outperform” rating and a $30.00 price target for the company. Bank of America dropped their target price on shares of Centuri from $21.00 to $15.00 and set an “underperform” rating for the company in a report on Tuesday, July 30th. Williams Capital raised shares of Centuri to a “strong-buy” rating in a research note on Tuesday, May 14th. UBS Group downgraded Centuri from a “buy” rating to a “neutral” rating and cut their target price for the stock from $30.00 to $17.00 in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Centuri from $28.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $20.60.

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.