Centuri Holdings, Inc. (NYSE: CTRI)

This investigation is for anyone who acquired securities in Centuri Holdings, Inc. (NYSE: CTRI) prior to July 29, 2024.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by knowing, but failing to timely inform investors, that the cancellation of a project in late 2023 would significantly effect financial results.

On June 26, 2024, Centuri disclosed that its CEO would be resigning. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on July 29, 2024, Centuri released its second quarter 2024 financial results, missing consensus estimates due to, among other things, “reduced offshore wind activities primarily due to the cancellation of a project in late 2023.” On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Centuri Holdings, Inc. (NYSE: CTRI) prior to July 29, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.