Tensile Capital Management Bets on Centuri Holdings, Buys $23.6 Million Worth, According to Recent SEC Filing

18 hours ago 4

Jake Lerch, The Motley Fool

Tue, March 10, 2026 astatine 12:32 PM CDT 4 min read

On February 17, 2026, Tensile Capital Management LP disclosed successful a Securities and Exchange Commission (SEC) filing that it accrued its involvement successful Centuri Holdings (NYSE:CTRI) by 1,054,155 shares, an estimated $23.57 cardinal bargain based connected quarterly mean pricing.

Tensile Capital Management LP reported successful a Securities and Exchange Commission (SEC) filing dated February 17, 2026, that it bought an further 1,054,155 shares of Centuri Holdings during the 4th quarter. The estimated transaction worth was $23.57 million, calculated utilizing the mean stock terms for the quarter. The full presumption worth accrued by $29.93 million, which includes some the acquisition and banal terms movement.

Tensile's Centuri Holdings presumption roseate to 6.1% of its reported U.S. equity assets aft the buy.

Top holdings aft the filing:

NYSE: LAD: $74.70 cardinal (9.7% of AUM)
NYSE: DKS: $70.84 cardinal (9.2% of AUM)
NASDAQ: VERX: $68.30 cardinal (8.9% of AUM)
NYSE: CCK: $63.04 cardinal (8.2% of AUM)
NYSE: VVV: $60.99 cardinal (7.9% of AUM)

As of February 17, 2026, Centuri Holdings shares were priced astatine $31.29, up 57.7% implicit the past twelvemonth and outperforming the S&P 500 by 39.17 percent points.

Metric

Value

Price (as of marketplace adjacent February 17, 2026)	$31.29
Market capitalization	$3.12 billion
Revenue (TTM)	$2.84 billion
Net income (TTM)	$2.51 million

Provides inferior infrastructure services, including maintenance, replacement, repair, and installation for state and electrical utilities crossed North America.
Generates gross done semipermanent contracts and recurring work agreements focused connected infrastructure modernization and enlargement projects.
Serves regulated electrical and state utilities, arsenic good arsenic customers successful renewable energy, information centers, and telecommunications sectors.

Centuri Holdings is simply a starring inferior infrastructure services supplier with a diversified portfolio spanning state and electrical inferior segments. The institution leverages its standard and method expertise to present indispensable attraction and modernization services for captious infrastructure networks. With a absorption connected regulated extremity markets and recurring gross streams, Centuri is positioned to payment from ongoing concern successful vigor modulation and grid reliability crossed North America.

Tensile Capital Management, a California-based concern firm, disclosed successful a caller SEC filing that it acquired much than 1 cardinal shares of Centuri Holdings stock, a inferior stock. Here are immoderate cardinal takeaways for investors.

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