ACK Asset Management Fully Exits Centuri Holdings Position
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 hours ago
0mins
Should l Buy CTRI?
Source: Fool
- Complete Exit: ACK Asset Management LLC fully exited its position in Centuri Holdings by selling 1,375,000 shares for approximately $29.11 million, resulting in a decline in the quarter-end value and leaving the fund without any Centuri shares.
- Performance Highlights: Centuri Holdings reported record quarterly revenue of $850 million in November 2026, an 18.1% year-over-year increase, with base revenue rising 25% and base gross profit up 28%, indicating strong business growth potential.
- Market Performance: As of February 12, 2026, Centuri shares were priced at $31.11, reflecting a 45.9% increase over the past year, significantly outperforming the S&P 500 by 33 percentage points, showcasing strong market demand for its infrastructure services.
- Future Outlook: While Centuri's backlog reached a record $5.9 billion, indicating sustained demand for utility modernization, investors should monitor leverage and margin management to ensure sustainable long-term shareholder returns.
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Analyst Views on CTRI
Wall Street analysts forecast CTRI stock price to fall
5 Analyst Rating
2 Buy
1 Hold
2 Sell
Hold
Current: 31.110
Low
22.00
Averages
25.75
High
30.00
Current: 31.110
Low
22.00
Averages
25.75
High
30.00
About CTRI
Centuri Holdings, Inc. is a utility infrastructure services company that partners with regulated utilities to build and maintain the energy network that powers millions of homes and businesses across the United States and Canada. The Company's segments include U.S. Gas Utility Services (U.S. Gas), Canadian Gas Utility Services (Canadian Gas), Union Electric Utility Services (Union Electric), and Non-Union Electric Utility Services (Non-Union Electric). The U.S. Gas and Canadian Gas segments provide comprehensive services, including maintenance, replacement, repair and installation for local natural gas distribution utilities (LDCs) focused on the modernization of customers’ infrastructure throughout the United States and Canada. The Union Electric segment provides a comprehensive set of electric utility services encompassing maintenance, replacement, repair, upgrade and expansion services for urban transmission and local distribution infrastructure within union markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
ACK Asset Management Fully Exits Centuri Holdings Position
- Complete Exit: ACK Asset Management LLC fully exited its position in Centuri Holdings by selling 1,375,000 shares for approximately $29.11 million, resulting in a decline in the quarter-end value and leaving the fund without any Centuri shares.
- Performance Highlights: Centuri Holdings reported record quarterly revenue of $850 million in November 2026, an 18.1% year-over-year increase, with base revenue rising 25% and base gross profit up 28%, indicating strong business growth potential.
- Market Performance: As of February 12, 2026, Centuri shares were priced at $31.11, reflecting a 45.9% increase over the past year, significantly outperforming the S&P 500 by 33 percentage points, showcasing strong market demand for its infrastructure services.
- Future Outlook: While Centuri's backlog reached a record $5.9 billion, indicating sustained demand for utility modernization, investors should monitor leverage and margin management to ensure sustainable long-term shareholder returns.
See More
ACK Asset Management Exits Centuri Holdings Position Worth $29 Million
- Complete Exit: ACK Asset Management fully exited its position in Centuri Holdings (NYSE:CTRI) by selling 1,375,000 shares for approximately $29.11 million, indicating a cautious outlook on the company's future performance.
- Quarter-End Valuation Decline: This transaction resulted in a $29.11 million decline in the value of ACK's Centuri holdings at the end of the fourth quarter, reflecting concerns about the company's growth potential despite its strong performance.
- Strong Performance Yet Skepticism: Although Centuri posted record quarterly revenue of $850 million in November 2026, up 18.1% year-over-year, ACK's exit suggests a lack of confidence in the company's valuation and sustainable returns, potentially impacting investor sentiment.
- Market Performance Comparison: Centuri's shares rose 45.9% over the past year, significantly outperforming the S&P 500 by 33 percentage points; however, ACK's exit may prompt a reevaluation of the company's future performance in light of ongoing demand for infrastructure modernization.
See More
Centuri Holdings Secures Over $300M in Commercial Awards
- Record Performance: Centuri Holdings' stock rose 3.1% in early trading on Wednesday, reaching an all-time high of $31.50 per share, reflecting strong market confidence in its performance.
- Contract Expansion: The company secured over $300 million in commercial awards, lifting year-to-date bookings above $1 billion, showcasing its robust customer relationships and growth potential in the North American market.
- Infrastructure Investment: These awards support capital investments in utility infrastructure, covering modernization of natural gas distribution systems across the Midwest and Northeast, indicating strategic expansion in key markets.
- Deepening Customer Relationships: The contracts include projects for replacing cast iron pipes in a densely populated urban center and an MSA renewal with a long-standing client, further solidifying the company's partnerships with existing customers.
See More
Centuri Secures Over $870 Million in New Bookings, Totaling $4.5 Billion for 2025
- Significant Order Growth: Centuri Holdings has recently secured over $870 million in new bookings, with approximately $178 million achieved before year-end, reflecting strong customer demand for energy infrastructure and positioning the company for revenue and earnings growth in 2026.
- Service Agreement Renewals: About 80% of the new bookings consist of renewals of existing Master Service Agreements (MSAs) with current customers, while the remaining 20% includes strategic bids and new MSAs with new clients, showcasing the company's robust competitiveness in the East Coast and Southwest markets.
- Project Diversification: The new awards encompass upgrades to natural gas storage and compression facilities, as well as comprehensive pipeline and compressor station enhancements, highlighting Centuri's core capabilities in energy infrastructure solutions and addressing market demand for integrated services.
- Enhanced Strategic Confidence: Centuri's CEO stated that the strong order momentum validates the company's strategy and customer trust, anticipating predictable returns for shareholders while supporting clients in enhancing resilience and expanding capacity to meet unprecedented load growth.
See More
Centuri Releases 2025 Sustainability Report, Achieves 14% Reduction in Scope 1 Emissions
- Sustainability Report Release: Centuri's 2025 Sustainability Report outlines the company's efforts to address energy challenges while emphasizing the importance of transparent communication to build trust and credibility among customers and stakeholders.
- Significant Emission Reductions: The report highlights a 14% reduction in Scope 1 emissions since 2019, which not only enhances environmental sustainability but also showcases Centuri's proactive engagement in clean energy projects across North America.
- Increased Community Support: Centuri demonstrates its commitment to economic empowerment and community building through over $1 million in philanthropic contributions, thereby strengthening its ties with local communities and stakeholders.
- Safety Performance Exceeds Industry Standards: The company outperforms industry averages in Bureau of Labor Statistics metrics, including Total Recordable Incident Rate and Days Away, Restricted, or Transferred, indicating enhanced employee safety through rigorous training and behavior-based programs, which bolsters corporate reputation.
See More
Centuri Releases 2025 Sustainability Report, Achieves 14% Emission Reduction
- Sustainability Report Released: Centuri's 2025 Sustainability Report outlines the company's efforts in addressing energy challenges, highlighting progress against 15 Key Performance Indicators and six United Nations Sustainable Development Goals.
- Safety Performance Exceeds Industry Standards: By implementing rigorous training and behavior-based programs, Centuri outperformed industry averages in Bureau of Labor Statistics metrics, ensuring employee safety and enhancing corporate reputation.
- Clean Energy Project Advancement: The company has achieved a 14% reduction in Scope 1 emissions since 2019 and delivered multiple renewable energy projects across North America, showcasing its commitment and competitive edge in the clean energy sector.
- Community Empowerment and Inclusion: Centuri supports community development through over $1 million in philanthropic giving and creates meaningful employment opportunities, including a signature lineman apprenticeship program, promoting economic empowerment and social responsibility.
See More
ACK Asset Management Fully Exits Centuri Holdings Position
- Complete Exit: ACK Asset Management LLC fully exited its position in Centuri Holdings by selling 1,375,000 shares for approximately $29.11 million, resulting in a decline in the quarter-end value and leaving the fund without any Centuri shares.
- Performance Highlights: Centuri Holdings reported record quarterly revenue of $850 million in November 2026, an 18.1% year-over-year increase, with base revenue rising 25% and base gross profit up 28%, indicating strong business growth potential.
- Market Performance: As of February 12, 2026, Centuri shares were priced at $31.11, reflecting a 45.9% increase over the past year, significantly outperforming the S&P 500 by 33 percentage points, showcasing strong market demand for its infrastructure services.
- Future Outlook: While Centuri's backlog reached a record $5.9 billion, indicating sustained demand for utility modernization, investors should monitor leverage and margin management to ensure sustainable long-term shareholder returns.
See More
ACK Asset Management Exits Centuri Holdings Position Worth $29 Million
- Complete Exit: ACK Asset Management fully exited its position in Centuri Holdings (NYSE:CTRI) by selling 1,375,000 shares for approximately $29.11 million, indicating a cautious outlook on the company's future performance.
- Quarter-End Valuation Decline: This transaction resulted in a $29.11 million decline in the value of ACK's Centuri holdings at the end of the fourth quarter, reflecting concerns about the company's growth potential despite its strong performance.
- Strong Performance Yet Skepticism: Although Centuri posted record quarterly revenue of $850 million in November 2026, up 18.1% year-over-year, ACK's exit suggests a lack of confidence in the company's valuation and sustainable returns, potentially impacting investor sentiment.
- Market Performance Comparison: Centuri's shares rose 45.9% over the past year, significantly outperforming the S&P 500 by 33 percentage points; however, ACK's exit may prompt a reevaluation of the company's future performance in light of ongoing demand for infrastructure modernization.
See More
Centuri Holdings Secures Over $300M in Commercial Awards
- Record Performance: Centuri Holdings' stock rose 3.1% in early trading on Wednesday, reaching an all-time high of $31.50 per share, reflecting strong market confidence in its performance.
- Contract Expansion: The company secured over $300 million in commercial awards, lifting year-to-date bookings above $1 billion, showcasing its robust customer relationships and growth potential in the North American market.
- Infrastructure Investment: These awards support capital investments in utility infrastructure, covering modernization of natural gas distribution systems across the Midwest and Northeast, indicating strategic expansion in key markets.
- Deepening Customer Relationships: The contracts include projects for replacing cast iron pipes in a densely populated urban center and an MSA renewal with a long-standing client, further solidifying the company's partnerships with existing customers.
See More
Centuri Secures Over $870 Million in New Bookings, Totaling $4.5 Billion for 2025
- Significant Order Growth: Centuri Holdings has recently secured over $870 million in new bookings, with approximately $178 million achieved before year-end, reflecting strong customer demand for energy infrastructure and positioning the company for revenue and earnings growth in 2026.
- Service Agreement Renewals: About 80% of the new bookings consist of renewals of existing Master Service Agreements (MSAs) with current customers, while the remaining 20% includes strategic bids and new MSAs with new clients, showcasing the company's robust competitiveness in the East Coast and Southwest markets.
- Project Diversification: The new awards encompass upgrades to natural gas storage and compression facilities, as well as comprehensive pipeline and compressor station enhancements, highlighting Centuri's core capabilities in energy infrastructure solutions and addressing market demand for integrated services.
- Enhanced Strategic Confidence: Centuri's CEO stated that the strong order momentum validates the company's strategy and customer trust, anticipating predictable returns for shareholders while supporting clients in enhancing resilience and expanding capacity to meet unprecedented load growth.
See More
Centuri Releases 2025 Sustainability Report, Achieves 14% Reduction in Scope 1 Emissions
- Sustainability Report Release: Centuri's 2025 Sustainability Report outlines the company's efforts to address energy challenges while emphasizing the importance of transparent communication to build trust and credibility among customers and stakeholders.
- Significant Emission Reductions: The report highlights a 14% reduction in Scope 1 emissions since 2019, which not only enhances environmental sustainability but also showcases Centuri's proactive engagement in clean energy projects across North America.
- Increased Community Support: Centuri demonstrates its commitment to economic empowerment and community building through over $1 million in philanthropic contributions, thereby strengthening its ties with local communities and stakeholders.
- Safety Performance Exceeds Industry Standards: The company outperforms industry averages in Bureau of Labor Statistics metrics, including Total Recordable Incident Rate and Days Away, Restricted, or Transferred, indicating enhanced employee safety through rigorous training and behavior-based programs, which bolsters corporate reputation.
See More
Centuri Releases 2025 Sustainability Report, Achieves 14% Emission Reduction
- Sustainability Report Released: Centuri's 2025 Sustainability Report outlines the company's efforts in addressing energy challenges, highlighting progress against 15 Key Performance Indicators and six United Nations Sustainable Development Goals.
- Safety Performance Exceeds Industry Standards: By implementing rigorous training and behavior-based programs, Centuri outperformed industry averages in Bureau of Labor Statistics metrics, ensuring employee safety and enhancing corporate reputation.
- Clean Energy Project Advancement: The company has achieved a 14% reduction in Scope 1 emissions since 2019 and delivered multiple renewable energy projects across North America, showcasing its commitment and competitive edge in the clean energy sector.
- Community Empowerment and Inclusion: Centuri supports community development through over $1 million in philanthropic giving and creates meaningful employment opportunities, including a signature lineman apprenticeship program, promoting economic empowerment and social responsibility.
See More
