Everus Construction Group, Inc. $ECG is Clearfield Capital Management LP’s 3rd Largest Position

Clearfield Capital Management LP lifted its stake in Everus Construction Group, Inc. (NYSE:ECG) by 7.1% in the 3rd quarter, Holdings Channel reports. The firm owned 225,600 shares of the company’s stock after purchasing an additional 14,936 shares during the quarter. Everus Construction Group accounts for approximately 11.6% of Clearfield Capital Management LP’s portfolio, making the stock its 3rd biggest position. Clearfield Capital Management LP’s holdings in Everus Construction Group were worth $19,345,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in Everus Construction Group by 155.0% in the first quarter. Royal Bank of Canada now owns 48,839 shares of the company’s stock valued at $1,811,000 after buying an additional 29,689 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Everus Construction Group by 42.7% during the 1st quarter. Millennium Management LLC now owns 244,421 shares of the company’s stock worth $9,066,000 after acquiring an additional 73,128 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Everus Construction Group by 74.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 178,790 shares of the company’s stock worth $6,631,000 after acquiring an additional 76,252 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Everus Construction Group by 33.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 140,397 shares of the company’s stock worth $5,207,000 after acquiring an additional 34,868 shares during the period. Finally, Jane Street Group LLC increased its stake in Everus Construction Group by 184.4% in the 1st quarter. Jane Street Group LLC now owns 71,323 shares of the company’s stock valued at $2,645,000 after purchasing an additional 46,247 shares in the last quarter.

Everus Construction Group Trading Down 0.1%

Shares of Everus Construction Group stock opened at $112.84 on Friday. Everus Construction Group, Inc. has a fifty-two week low of $31.38 and a fifty-two week high of $137.64. The business’s fifty day moving average is $100.46 and its two-hundred day moving average is $91.51. The company has a quick ratio of 1.70, a current ratio of 1.76 and a debt-to-equity ratio of 0.42. The firm has a market cap of $5.76 billion, a PE ratio of 28.64 and a beta of 3.27.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.36. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $879.57 million. Everus Construction Group had a return on equity of 37.06% and a net margin of 5.39%.The business’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.67 earnings per share. Analysts anticipate that Everus Construction Group, Inc. will post 2.49 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ECG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everus Construction Group in a report on Thursday, January 22nd. Wall Street Zen cut Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Zacks Research raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Stifel Nicolaus decreased their price objective on shares of 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, DA Davidson reiterated a “neutral” rating and issued a $102.00 price objective on shares of Everus Construction Group in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.