Centuri Posted Record Quarterly Revenue, So Why Did One Fund Exit a $29 Million Stake?

2 hours ago 3

Jonathan Ponciano, The Motley Fool

Sat, February 14, 2026 astatine 1:38 PM CST 3 min read

On February 13, 2026, ACK Asset Management LLC disclosed it afloat exited its presumption successful Centuri Holdings (NYSE:CTRI), selling 1,375,000 shares successful a transaction estimated astatine $29.11 million.

According to an SEC filing dated February 13, 2026, ACK Asset Management LLC sold its full involvement of 1,375,000 Centuri Holdings shares during the 4th quarter. As a result, the quarter-end worth for the presumption declined by $29.11 million, and the money present reports nary Centuri shares among its holdings.

Top holdings aft the filing:
- NYSE:MTRN: $59.03 cardinal (7.5% of AUM)
- NYSE:GVA: $57.67 cardinal (7.3% of AUM)
- NYSE:WMS: $56.48 cardinal (7.1% of AUM)
- NYSE:ATS: $50.84 cardinal (6.4% of AUM)
- NYSE:CNM: $46.77 cardinal (5.9% of AUM)
As of February 12, 2026, Centuri shares were priced astatine $31.11, up 45.9% implicit 1 twelvemonth and good outperforming the S&P 500 by 33.0 percent points.

Company overview

Metric

Value

Price (as of marketplace adjacent 2026-02-12)	$31.11
Market Capitalization	$3.14 billion
Revenue (TTM)	$2.84 billion
Net Income (TTM)	$2.51 million

Centuri Holdings offers inferior infrastructure services, including state and electrical inferior maintenance, replacement, repair, and installation crossed North America.
The institution focuses connected modernization and enlargement of vigor infrastructure for inferior providers.
It serves electric, gas, and operation inferior companies, with further vulnerability to extremity markets specified arsenic renewable energy, information centers, and telecommunications.

Centuri Holdings, Inc. is simply a starring inferior infrastructure services supplier with a diversified portfolio crossed state and electrical segments successful the U.S. and Canada. The institution leverages its standard and longstanding manufacture relationships to unafraid recurring work contracts from large inferior operators. Its strategical absorption connected infrastructure modernization and captious inferior enactment positions it arsenic a cardinal spouse successful the evolving North American vigor landscape.

In November, Centuri posted grounds quarterly gross of $850 million, up 18.1% twelvemonth implicit year, and shares person been doing well, making this determination each the much interesting. Under the hood, basal revenue, which strips retired tempest work, climbed 25%, and basal gross nett accrued 28%. Adjusted EBITDA came successful astatine $75.2 million, portion adjusted diluted EPS improved to $0.19 from $0.06 a twelvemonth ago. More importantly, the institution secured $815 cardinal successful quarterly bookings, driving a 1.8x book-to-bill done the archetypal 3 quarters and lifting backlog to a grounds $5.9 billion.

Shares are up 45.9% implicit the past year, and wrong a portfolio concentrated successful concern and materials names similar Materion, Granite Construction, and Advanced Drainage Systems, this was a wide infrastructure bet.

For semipermanent investors, the hostility is valuation versus visibility. Backlog maturation suggests durable request tied to inferior modernization, but leverage and borderline subject mightiness find whether that request translates into sustained shareholder returns.

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