Centuri Holdings Underwriting Agreement with J.P. Morgan

The latest update is out from Centuri Holdings, Inc. ( (CTRI) ).

On May 19, 2025, Centuri Holdings, Inc. entered into a Registration Rights Letter Agreement with Icahn Investors, granting them certain resale registration rights related to a Concurrent Private Placement. The company agreed to register the resale of shares sold to Icahn Investors within 181 days of the placement’s completion. Additionally, on May 20, 2025, Centuri Holdings entered into an Underwriting Agreement with J.P. Morgan Securities LLC and other underwriters for an offering. The agreement includes a 45-day lock-up period for selling or transferring Centuri Common Stock, with customary representations and indemnification obligations.

The most recent analyst rating on (CTRI) stock is a Buy with a $19.00 price target. To see the full list of analyst forecasts on Centuri Holdings, Inc. stock, see the CTRI Stock Forecast page.

Spark’s Take on CTRI Stock

According to Spark, TipRanks’ AI Analyst, CTRI is a Neutral.

The overall score of 50 reflects significant financial challenges, including declining revenue and profitability issues, impacting Centuri Holdings, Inc. Despite mixed technical signals suggesting potential for some positive movement, the extremely high P/E ratio and lack of dividend yield point to an overvalued stock. These factors combined result in a moderate overall score.

To see Spark’s full report on CTRI stock, click here.

More about Centuri Holdings, Inc.

Average Trading Volume: 440,355

Technical Sentiment Signal: Buy

Current Market Cap: $1.74B

Find detailed analytics on CTRI stock on TipRanks’ Stock Analysis page.