Centuri Stock Up 18% This Year: What a New $17 Million Position Signals for Investors

11 hours ago 1

Jonathan Ponciano, The Motley Fool

Sun, December 7, 2025 astatine 11:20 AM CST 5 min read

California-based Tensile Capital Management disclosed a caller presumption successful the 3rd quarter, acquiring 812,088 shares of Centuri successful a presumption valued astatine astir $17.2 million.
The moe marked a caller presumption for the fund, which reported holding nary shares of Centuri successful the erstwhile period.
The Centuri involvement represents 2.2% of AUM, placing it extracurricular the fund’s apical 5 holdings.
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California-based Tensile Capital Management initiated a caller involvement successful Centuri Holdings (NYSE:CTRI), adding 812,088 shares valued astatine astir $17.2 million, according to a November 14 SEC filing.

Tensile Capital Management LP disclosed a caller presumption successful Centuri Holdings (NYSE:CTRI), acquiring 812,088 shares valued astatine $17.2 million, per a quarterly study filed with the U.S. Securities and Exchange Commission connected November 14.

The caller presumption represented astir 2.2% of the fund's reportable U.S. equity AUM arsenic of September 30.

Top holdings aft the filing:

NASDAQ: VERX: $94.3 cardinal (11.8% of AUM)
NYSE: DKS: $79.5 cardinal (9.9% of AUM)
NYSE: VVV: $74.7 cardinal (9.3% of AUM)
NYSE: LAD: $74.4 cardinal (9.3% of AUM)
NYSE: USFD: $58.5 cardinal (7.3% of AUM)

As of Friday, Centuri shares were priced astatine $25.58, up 18% implicit the past twelvemonth and somewhat outperforming the S&P 500, which is up 13% successful the aforesaid period.

Metric

Value

Revenue (TTM)	$2.8 billion
Net Income (TTM)	$2.5 million
Market Capitalization	$2.5 billion
Price (as of marketplace adjacent Friday)	$25.58

Centuri Holdings provides inferior infrastructure services, including maintenance, replacement, repair, and installation for state and electrical utilities crossed North America.
The institution generates gross chiefly done work contracts with regulated inferior providers, focusing connected modernization and enlargement of vigor infrastructure.
It serves electric, gas, and operation inferior companies, arsenic good arsenic extremity markets specified arsenic renewable energy, information centers, and 5G datacom.

Centuri Holdings, Inc. is simply a starring inferior infrastructure services supplier with a diversified portfolio crossed state and electrical segments successful the United States and Canada. The institution leverages its standard and expertise to enactment captious modernization and reliability initiatives for inferior clients. Its absorption connected regulated markets and indispensable infrastructure positions it arsenic a unchangeable spouse for semipermanent inferior concern and growth.

Centuri’s fundamentals person strengthened since its April 2024 IPO, with grounds quarterly gross and accelerating base-business maturation offering a clearer representation of the company’s net powerfulness post-separation from Southwest Gas. Tensile’s caller presumption suggests assurance that this momentum tin proceed arsenic utilities grow grid and gas-system upgrades crossed North America.

Centuri’s third-quarter results underscore why: Revenue roseate 18% to a grounds $850 million, portion basal revenue—excluding unpredictable storm-restoration work—jumped 25% twelvemonth implicit year. Base gross profit, meanwhile, climbed 28%, and the firm's backlog reached a grounds $5.9 billion, up 59% from year-end 2024, providing promising visibility into 2026 growth. Management besides reaffirmed a robust $2.8 cardinal to $2.9 cardinal full-year gross outlook contempt softer storm-restoration expectations.

For Tensile, the involvement is humble comparative to apical positions but fits a signifier of layering into recurring-revenue, infrastructure-linked businesses with dependable multi-year pipelines. Centuri shares present commercialized astir 7% beneath their post-IPO highs, suggesting country for upside if Centuri continues executing connected borderline improvements and its “One Centuri” integration strategy.