Director Karen Haller Acquires 12,000 Shares of Centuri Holdings Inc (CTRI)
Karen Haller, a director at Centuri Holdings Inc (NYSE:CTRI), has recently increased her stake in the company. According to a SEC Filing dated 2024-04-22, the insider purchased 12,000 shares of the company's stock.
Centuri Holdings Inc is a leading provider of construction and maintenance services for gas and electric infrastructure in North America. The company operates through various subsidiaries, offering a range of services that include engineering, procurement, construction, and maintenance.
Insider transactions are closely monitored as they can provide insights into a company's financial health and management's confidence in the business. The insider's recent acquisition brings Karen Hallers total purchases over the past year to 12,000 shares, with no recorded sales in the same period.
The overall insider transaction history for Centuri Holdings Inc reveals a pattern of insider confidence, with 8 insider buys and no insider sells over the past year.
On the day of the insider's purchase, shares of Centuri Holdings Inc were trading at $21, valuing the company at a market cap of $2.105 billion. The price-earnings ratio of the stock stands at 9999.00, significantly above both the industry median of 14.47 and the company's historical median price-earnings ratio.
Investors often view insider buys as a positive sign that those with the most intimate knowledge of the company believe in its future performance and value. The recent purchase by Director Karen Haller may suggest a similar sentiment for Centuri Holdings Inc's prospects.
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