Everus Construction Group (NYSE:ECG) Receives Neutral Rating from DA Davidson

Everus Construction Group (NYSE:ECG)‘s stock had its “neutral” rating reiterated by DA Davidson in a research report issued on Wednesday,Benzinga reports. They currently have a $102.00 price target on the stock. DA Davidson’s price objective suggests a potential downside of 22.64% from the company’s previous close.

Several other brokerages also recently commented on ECG. Wall Street Zen downgraded shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Cantor Fitzgerald began coverage on Everus Construction Group in a report on Friday, January 23rd. They issued a “neutral” rating and a $97.00 target price for the company. Guggenheim began coverage on Everus Construction Group in a research report on Thursday, January 22nd. They issued a “neutral” rating for the company. Stifel Nicolaus dropped their price target on Everus Construction Group from $110.00 to $107.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. Finally, Zacks Research downgraded 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 given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $102.75.

Everus Construction Group Trading Up 26.5%

Shares of NYSE ECG traded up $27.63 during mid-day trading on Wednesday, hitting $131.84. 2,959,748 shares of the company traded hands, compared to its average volume of 736,103. The company has a quick ratio of 1.69, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. Everus Construction Group has a 1 year low of $31.38 and a 1 year high of $137.64. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 37.35 and a beta of 3.84. The business has a 50 day moving average of $92.84 and a two-hundred day moving average of $87.80.

Everus Construction Group (NYSE:ECG) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.36. Everus Construction Group had a return on equity of 36.74% and a net margin of 5.18%.The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $879.57 million. During the same quarter in the previous year, the company earned $0.67 EPS. The business’s revenue for the quarter was up 33.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Everus Construction Group will post 2.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Everus Construction Group

A number of hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. raised its position 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 during the period. Sound Income Strategies LLC bought a new stake in Everus Construction Group in the 4th quarter valued at $28,000. Bessemer Group Inc. lifted its stake in shares of Everus Construction Group by 68.2% in the third quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock valued at $29,000 after buying an additional 137 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of Everus Construction Group during the 4th quarter worth approximately $30,000. Finally, Country Trust Bank bought a new stake in Everus Construction Group in the 2nd quarter valued at $31,000.

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.