EFG Asset Management North America Corp. Buys 9,609 Shares of Everus Construction Group, Inc. $ECG

EFG Asset Management North America Corp. grew its stake in Everus Construction Group, Inc. (NYSE:ECG) by 20.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,071 shares of the company’s stock after buying an additional 9,609 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Everus Construction Group were worth $4,806,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC lifted its position in Everus Construction Group by 2.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,620 shares of the company’s stock valued at $464,000 after acquiring an additional 109 shares in the last quarter. Amalgamated Bank raised its stake in shares of Everus Construction Group by 1.1% in the 3rd quarter. Amalgamated Bank now owns 15,531 shares of the company’s stock valued at $1,332,000 after purchasing an additional 163 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Everus Construction Group by 105.3% in the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after purchasing an additional 198 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of Everus Construction Group by 0.3% during the third quarter. New York State Teachers Retirement System now owns 58,210 shares of the company’s stock worth $4,992,000 after buying an additional 200 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Everus Construction Group by 21.9% during the third quarter. GAMMA Investing LLC now owns 1,142 shares of the company’s stock worth $98,000 after buying an additional 205 shares in the last quarter.

Everus Construction Group Trading Up 0.5%

NYSE ECG opened at $91.68 on Tuesday. The company has a market cap of $4.68 billion, a PE ratio of 25.97 and a beta of 3.84. The company has a current ratio of 1.76, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. Everus Construction Group, Inc. has a 12 month low of $31.38 and a 12 month high of $103.08. The stock has a 50 day moving average of $89.40 and a 200-day moving average of $83.75.

Everus Construction Group (NYSE:ECG) last issued its earnings results on Tuesday, November 4th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.49. Everus Construction Group had a net margin of 5.18% and a return on equity of 36.74%. The business had revenue of $986.82 million for the quarter, compared to the consensus estimate of $830.60 million. During the same period in the previous year, the company earned $0.82 earnings per share. The firm’s revenue for the quarter was up 29.7% on a year-over-year basis. On average, equities research analysts anticipate that Everus Construction Group, Inc. will post 2.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ECG has been the topic of several research reports. DA Davidson set a $102.00 target price on Everus Construction Group in a research note on Thursday, November 6th. Oppenheimer reissued an “outperform” rating and issued a $105.00 price objective on shares of Everus Construction Group in a research report on Thursday, November 6th. Guggenheim assumed coverage on shares of Everus Construction Group in a report on Thursday. They set a “neutral” rating for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Everus Construction Group in a research note on Thursday. Finally, Zacks Research downgraded shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $102.75.

About Everus Construction Group

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. Everus Construction Group is based in BISMARCK, N.D.