CTRI Centuri Holdings, Inc. Insider Trading

10% Owner Carl Icahn purchases 3,488,372 shares of Centuri (CTRI) for $75.0M, raising stake to 14.34M shares

Carl Icahn, a 10% owner, committed $74,999,998.00 to acquire 3,488,372 shares at $21.50, expanding his stake by 32.2% from 10,847,672 to 14.34M shares. This is a substantial open-market commitment by a major shareholder during a period when the stock is trading at $20.87—3.3% below the transaction price and 14.6% below its 52-week high of $24.43. The company's fundamentals present a complex picture: while revenue stands at $850.0M (latest quarter), the firm posted only $2.1M in net income and was unprofitable over its most recent full fiscal year, with annual revenue declining 9.0% year-over-year and a P/E ratio of 695.67. Across Icahn's cross-ticker open-market history, his 19 prior buys averaged +5.2% returns at both the 30-day and 90-day horizons with a 100.00% win rate, establishing a pattern of favorable entry timing; the financial strain evident in CTRI's margins and growth trajectory—paired with the substantial size and discretionary nature of this accumulation—presents material divergence from his typical transaction profile and merits investor attention to how this activist position evolves.

10% owner Southwest Gas Holdings sells entire 27.36M share stake in CTRI for $536.3M at $19.60, exiting position entirely.

Southwest Gas Holdings, a 10% owner, liquidated its entire position of 27,362,210 shares in Centuri Holdings on 2025-09-05 at $19.60 per share for $536,299,316.00, reducing holdings from 27.36M shares to 0 shares (-100.0%). This marks a complete exit by a major shareholder. The sale occurred when CTRI was trading near the middle of its 52-week range ($15.18–$24.43) and currently trades at $21.59, suggesting the exit preceded a recent modest price appreciation. Centuri's fundamentals present a headwind: the company reported -9.0% annual revenue growth and was unprofitable over its most recent full fiscal year (negative full-year net income), indicating operational challenges despite the sale price relative to current market levels. The scale of this divestiture—$536.3M from a complete stake exit—signals a material capital event for both the seller and holders evaluating Centuri's trajectory.

Southwest Gas Holdings divested 18,823,500 CTRI shares (40.8% of holdings) at $19.50 on 2025-08-11 for $367.1M; stock now at $20.70.

Southwest Gas Holdings, a 10% owner of Centuri Holdings, sold 18,823,500 shares (18.82M shares) on 2025-08-11 at $19.50, reducing its stake from 46,185,710 shares to 27,362,210 shares—a -40.8% reduction in holdings worth $367,058,250.00. The company sold at a price -15.3% below the 52-week high of $24.43 and currently trades at $20.70, above the transaction price. Centuri is in a weak fundamental position: annual revenue declined -9.0% year-over-year to $724,052,000.00 in the latest quarter, the company was unprofitable over its most recent full fiscal year with net income of $8,053,000.00, and market cap stands at $1,835,037,487.80. While this is Southwest Gas Holdings' most recent trade at CTRI, the insider's three prior CTRI sales in the same window (May, June, July 2025) show mixed timing results—one achieved +16.7% 30-day return, while outcomes at the 90-day mark remain unmeasurable. The disposition of a 40.8% stake reduction merits investor attention given the company's deteriorating revenue trends and full-year unprofitability.

Southwest Gas Holdings sold 1,060,240 shares of CTRI for $21,999,980.00 on 2025-07-08; holds 46,185,710 shares post-sale

Southwest Gas Holdings, a 10% owner, sold 1,060,240 shares at $20.75, reducing its stake by 2.2% and leaving it with 46,185,710 shares. The sale occurred at a price that has since declined 12.6% from the 52-week high, though the 30-day return post-transaction is negative (-6.4%). Centuri is currently unprofitable with net income of -$17,937,000 in its latest quarter and faces a -9.0% annual revenue contraction, presenting a deteriorating fundamental backdrop. The sale follows another CTRI sale on 2025-06-18, signaling continued portfolio reduction at this holding; prior same-ticker sales show mixed near-term price action (the 2025-05-22 sale preceded a +16.7% 30-day gain), but the company's negative earnings and declining revenue warrant monitoring of whether further disposition signals deeper fundamental concerns.

10% Owner Southwest Gas Holdings sells 11,212,500 CTRI shares ($232.7M) at $20.75; holdings drop 19.2% to 47,245,950 shares.

Southwest Gas Holdings, a 10% owner of Centuri Holdings (CTRI), divested 11,212,500 shares (19.2% of pre-transaction holdings) for $232,659,375.00. The sale follows a recent sell on 2025-05-22 at the same ticker, indicating a pattern of consecutive dispositions within a short window. CTRI faces material headwinds: revenue declined 9.0% year-over-year, the company posted a net loss of $17,937,000.00 in its most recent quarter, and was unprofitable over its full fiscal year. The sale price of $20.75 sits 21.3% below the 52-week high, though the stock is up 9.4% over the past 30 days and 22.8% over 90 days. The timing of this secondary liquidation by a major shareholder during a period of operational losses may warrant scrutiny regarding management's confidence in near-term recovery prospects.

Southwest Gas (10% owner) sold 13,207,142 shares of CTRI at $17.50 on 2025-05-22; retains 58,458,450 shares post-sale.

Southwest Gas reduced its stake in Centuri Holdings by 13,207,142 shares (-18.4% vs pre-transaction holdings) in a single transaction. The sale occurred at $17.50 per share, which is notably below both the current price of $18.64 and the 52-week high of $27.46—positioning this sale at -32.1% from the year's peak. Centuri's fundamentals have deteriorated: the company posted a quarterly revenue of $550,081,000.00 but recorded negative net income of $-17,937,000.00, with annual revenue declining -9.0% year-over-year and unprofitable full-year performance. The 10% shareholder's partial exit reduces but does not eliminate its material stake, leaving significant continued exposure amid operational headwinds.

Director Julie Dill purchased 1,000 shares of CTRI across two transactions for $16.6K (average $16.60); stock currently trading -39.7% from 52-week high.

Julie Dill, a director at Centuri Holdings, made two separate open-market purchases totaling 1,000 shares (a 20.0% increase to her 6,000-share position) on March 26–28, 2025, at an average price of $16.60. The purchases occurred as the stock trades at $16.56, near the lower end of its 52-week range ($14.92–$27.46) and 39.7% below its recent high. Dill's prior purchase at CTRI on April 22, 2024, showed poor timing, with a -4.3% return over the following 90 days. The company's fundamentals reflect material headwinds: revenue declined 9.0% year-over-year, and the firm posted a net loss of $-3.7M in the latest quarter, with negative full-year net income. The timing and price point merit investor attention given the company's profitability challenges and the director's previous unsuccessful buy at this ticker.

Director William Fehrman bought 20,000 shares of CTRI at $16.50 (July 31), raising holdings to 45,000 shares amid -40.5% 52-week decline.

William Fehrman, Director of Centuri Holdings, purchased 20,000 shares at $16.50, an 80% increase to his holdings from 25,000 shares. The transaction occurred as the stock trades at $16.35, down 40.5% from its 52-week high of $27.46 and down 18.3% over the prior 30 days. While the company generated $528.0M in revenue last quarter, it reported a net loss of $25.1M, raising fundamental questions about operational performance. Fehrman's only prior open-market trade at this ticker occurred on 2024-04-22 and showed a -4.3% return over 90 days, suggesting his previous buy signal did not precede gains.