Swiss Life Asset Management Ltd Invests $372,000 in Everus Construction Group, Inc. $ECG

Swiss Life Asset Management Ltd bought a new position in Everus Construction Group, Inc. (NYSE:ECG) during the 4th quarter, Holdings Channel reports. The fund bought 4,353 shares of the company’s stock, valued at approximately $372,000.

Several other large investors have also recently made changes to their positions in the company. Capital International Investors purchased a new position in Everus Construction Group in the third quarter worth about $165,993,000. Invesco Ltd. grew its position in Everus Construction Group by 86.4% in the third quarter. Invesco Ltd. now owns 1,795,730 shares of the company’s stock worth $153,984,000 after acquiring an additional 832,389 shares in the last quarter. Alliancebernstein L.P. grew its position in Everus Construction Group by 5.7% in the second quarter. Alliancebernstein L.P. now owns 1,350,871 shares of the company’s stock worth $85,821,000 after acquiring an additional 72,775 shares in the last quarter. Handelsbanken Fonder AB grew its position in Everus Construction Group by 61.7% in the third quarter. Handelsbanken Fonder AB now owns 424,800 shares of the company’s stock worth $36,427,000 after acquiring an additional 162,100 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its position in Everus Construction Group by 22.7% in the third quarter. Teacher Retirement System of Texas now owns 299,696 shares of the company’s stock worth $25,699,000 after acquiring an additional 55,518 shares in the last quarter.

Wall Street Analysts Forecast Growth

ECG has been the subject of several recent research reports. Wall Street Zen lowered Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Cantor Fitzgerald lifted their price target on Everus Construction Group from $115.00 to $174.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Freedom Capital lowered Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Oppenheimer lifted their price target on Everus Construction Group from $120.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, DA Davidson reiterated a “neutral” rating and issued a $102.00 price target on shares of Everus Construction Group in a research report on Wednesday, February 25th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Everus Construction Group has a consensus rating of “Hold” and a consensus target price of $154.83.

Everus Construction Group Stock Down 5.3%

Shares of NYSE:ECG opened at $148.45 on Tuesday. Everus Construction Group, Inc. has a 1 year low of $55.31 and a 1 year high of $171.58. The business has a 50 day simple moving average of $131.39 and a two-hundred day simple moving average of $107.39. The firm has a market capitalization of $7.58 billion, a PE ratio of 34.05 and a beta of 2.55. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.77 and a quick ratio of 1.71.

Everus Construction Group (NYSE:ECG) last announced its earnings results on Tuesday, May 5th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.33. Everus Construction Group had a return on equity of 37.17% and a net margin of 5.65%.The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $933.81 million. During the same quarter in the previous year, the business earned $0.72 earnings per share. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. On average, equities analysts predict that Everus Construction Group, Inc. will post 4.39 EPS for the current year.

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.