83,485 Shares in Everus Construction Group, Inc. $ECG Purchased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS acquired a new stake in Everus Construction Group, Inc. (NYSE:ECG) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 83,485 shares of the company’s stock, valued at approximately $7,159,000. Kornitzer Capital Management Inc. KS owned approximately 0.16% of Everus Construction Group at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in Everus Construction Group in the 2nd quarter valued at $273,000. State of New Jersey Common Pension Fund D acquired a new position in shares of Everus Construction Group during the second quarter valued at $2,085,000. Bank of Montreal Can boosted its holdings in Everus Construction Group by 4.2% in the second quarter. Bank of Montreal Can now owns 14,079 shares of the company’s stock valued at $894,000 after acquiring an additional 563 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Everus Construction Group in the second quarter worth about $359,000. Finally, Gabelli Funds LLC increased its position in Everus Construction Group by 178.8% in the second quarter. Gabelli Funds LLC now owns 94,437 shares of the company’s stock worth $6,000,000 after purchasing an additional 60,562 shares during the period.

Everus Construction Group Stock Performance

Shares of NYSE:ECG opened at $93.73 on Wednesday. The firm’s 50 day simple moving average is $89.56 and its 200 day simple moving average is $83.93. Everus Construction Group, Inc. has a fifty-two week low of $31.38 and a fifty-two week high of $103.08. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 26.55 and a beta of 3.84. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.69.

Everus Construction Group (NYSE:ECG) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.49. The firm had revenue of $986.82 million during the quarter, compared to analysts’ expectations of $830.60 million. Everus Construction Group had a net margin of 5.18% and a return on equity of 36.74%. The business’s revenue for the quarter was up 29.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.82 earnings per share. As a group, sell-side analysts forecast that Everus Construction Group, Inc. will post 2.49 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Zacks Research downgraded shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Oppenheimer restated an “outperform” rating and issued a $105.00 price objective on shares of Everus Construction Group in a report on Thursday, November 6th. Cantor Fitzgerald started coverage on shares of Everus Construction Group in a research note on Friday. They issued a “neutral” rating and a $97.00 price objective on the stock. Guggenheim initiated coverage on shares of Everus Construction Group in a report on Thursday, January 22nd. They set a “neutral” rating for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Everus Construction Group in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $102.75.

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