Earnest Partners LLC Sells 59,178 Shares of Everus Construction Group, Inc. $ECG

Earnest Partners LLC reduced its stake in Everus Construction Group, Inc. (NYSE:ECG) by 5.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,044,632 shares of the company’s stock after selling 59,178 shares during the period. Earnest Partners LLC owned about 2.05% of Everus Construction Group worth $89,577,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ECG. Citadel Advisors LLC boosted its stake in shares of Everus Construction Group by 10.4% during the third quarter. Citadel Advisors LLC now owns 156,738 shares of the company’s stock valued at $13,440,000 after purchasing an additional 14,787 shares in the last quarter. Brevan Howard Capital Management LP acquired a new position in Everus Construction Group during the 3rd quarter worth about $645,000. Clearfield Capital Management LP grew its position in shares of Everus Construction Group by 7.1% in the 3rd quarter. Clearfield Capital Management LP now owns 225,600 shares of the company’s stock valued at $19,345,000 after buying an additional 14,936 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of Everus Construction Group in the 3rd quarter valued at about $2,497,000. Finally, 44 Wealth Management LLC acquired a new stake in shares of Everus Construction Group in the third quarter valued at about $210,000.

Everus Construction Group Stock Down 0.1%

Shares of Everus Construction Group stock opened at $112.84 on Monday. The stock’s 50-day moving average is $100.46 and its 200 day moving average is $91.61. Everus Construction Group, Inc. has a one year low of $31.38 and a one year high of $137.64. The firm has a market cap of $5.76 billion, a price-to-earnings ratio of 28.64 and a beta of 3.24. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.76 and a quick ratio of 1.70.

Everus Construction Group (NYSE:ECG) last issued its earnings results on Tuesday, February 24th. The company reported $1.08 earnings per share for the quarter, topping 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 firm’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 earnings per share. Equities research analysts anticipate that Everus Construction Group, Inc. will post 2.49 EPS for the current year.

Analyst Ratings Changes

ECG has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Everus Construction Group in a research report on Thursday, January 22nd. Guggenheim initiated coverage on shares of Everus Construction Group in a report on Thursday, January 22nd. They set a “neutral” rating for the company. DA Davidson reaffirmed a “neutral” rating and issued a $102.00 price objective on shares of Everus Construction Group in a research note on Wednesday, February 25th. Zacks Research upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Finally, Cantor Fitzgerald initiated coverage on shares of Everus Construction Group in a research note on Friday, January 23rd. They set a “neutral” rating and a $97.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $102.75.

Everus Construction Group 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.