Centuri Holdings, Inc. (NYSE:CTRI) director Julie Dill has recently made a significant purchase of the company's stock, according to a new filing with the Securities and Exchange Commission. On April 22, Dill acquired 5,000 shares of Centuri Holdings' common stock at a price of $21.00 per share, totaling an investment of $105,000.
The transaction was part of a reserved share program associated with the company's initial public offering, as noted in the footnotes of the filing. This purchase has increased Dill's direct ownership in the company to the same number of shares, signaling confidence in the future prospects of Centuri Holdings.
Centuri Holdings, headquartered in Phoenix, Arizona, operates in the natural gas transmission and distribution industry. The company's shares are traded on the New York Stock Exchange under the ticker symbol NYSE:CTRI.
Investors often monitor the buying and selling activity of company insiders as it can provide insights into their perspective on the company's current valuation and future performance. The recent acquisition by a member of the company's board is a transaction of interest for those following Centuri Holdings' stock.
The SEC filing was signed by attorney-in-fact Jason S. Wilcock on behalf of Julie Dill, indicating the completion of the transaction on the reported date.
InvestingPro Insights
Following the recent insider purchase by director Julie Dill, Centuri Holdings, Inc. (NYSE:CTRI) has shown a consistent positive trend in its stock performance. With a 5.36% price total return over various timeframes, including the last week, month, three months, six months, year-to-date, and the past year, the company's shares demonstrate a steady growth trajectory.
The previous close price of the stock stood at $23.95, indicating a favorable uptick from the purchase price of $21.00 per share by Dill. This suggests that her investment has already seen a gain in value, which may align with her confidence in the company's future. Additionally, with an average daily volume over the past three months hitting nearly 4 million shares, there is a clear indication of robust trading activity in Centuri Holdings' stock.
InvestingPro Tips highlight that insider purchases can often be a bullish signal for investors, as they may indicate that those with the most knowledge of the company anticipate a rise in stock value. For more insights like these, InvestingPro offers numerous additional tips to help investors make informed decisions. In fact, there are 8 more InvestingPro Tips related to insider trading patterns available for subscribers.
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