GHP Investment Advisors Inc. Takes $37,000 Position in Everus Construction Group, Inc. $ECG

GHP Investment Advisors Inc. purchased a new stake in Everus Construction Group, Inc. (NYSE:ECG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 584 shares of the company’s stock, valued at approximately $37,000.

A number of other large investors also recently made changes to their positions in the stock. Brady Martz Wealth Solutions LLC lifted its stake in shares of Everus Construction Group by 2.3% in the 2nd quarter. Brady Martz Wealth Solutions LLC now owns 6,855 shares of the company’s stock valued at $435,000 after purchasing an additional 154 shares during the period. Signaturefd LLC lifted its stake in shares of Everus Construction Group by 91.6% in the 2nd quarter. Signaturefd LLC now owns 435 shares of the company’s stock valued at $28,000 after purchasing an additional 208 shares during the period. Yousif Capital Management LLC grew its holdings in Everus Construction Group by 1.1% during the second quarter. Yousif Capital Management LLC now owns 19,077 shares of the company’s stock valued at $1,212,000 after purchasing an additional 215 shares during the period. GAMMA Investing LLC grew its holdings in Everus Construction Group by 30.1% during the second quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock valued at $60,000 after purchasing an additional 217 shares during the period. Finally, Comerica Bank grew its holdings in Everus Construction Group by 1.3% during the first quarter. Comerica Bank now owns 27,582 shares of the company’s stock valued at $1,023,000 after purchasing an additional 348 shares during the period.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ECG. Weiss Ratings restated a “hold (c)” rating on shares of Everus Construction Group in a report on Wednesday, October 8th. Zacks Research raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 14th. DA Davidson raised their price objective on Everus Construction Group from $68.00 to $88.00 and gave the stock a “neutral” rating in a research note on Thursday, August 14th. Oppenheimer set a $90.00 price objective on Everus Construction Group and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Finally, Stifel Nicolaus raised their price objective on Everus Construction Group from $88.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $90.67.

Everus Construction Group Stock Performance

Shares of Everus Construction Group stock opened at $86.85 on Wednesday. The company has a market capitalization of $4.43 billion and a PE ratio of 26.81. Everus Construction Group, Inc. has a 12 month low of $31.38 and a 12 month high of $95.90. The company has a current ratio of 1.77, a quick ratio of 1.69 and a debt-to-equity ratio of 0.53. The stock’s fifty day simple moving average is $83.37 and its 200 day simple moving average is $69.43.

Everus Construction Group (NYSE:ECG) last released its quarterly earnings results on Tuesday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.49. Everus Construction Group had a return on equity of 35.83% and a net margin of 5.07%.The firm had revenue of $986.82 million for the quarter, compared to the consensus estimate of $830.60 million. During the same quarter last year, the business posted $0.82 EPS. The company’s revenue for the quarter was up 29.7% on a year-over-year basis. Everus Construction Group has set its FY 2025 guidance at EPS. On average, research analysts predict that Everus Construction Group, Inc. will post 2.49 EPS for the current year.

Everus Construction Group Company Profile

Everus Construction Group is providing a full spectrum of construction services through its electrical and mechanical and transmission and distribution specialty contracting services principally in United States. Its specialty contracting services are provided to utility, transportation, commercial, industrial, institutional, renewable and other customers.