Everus Construction Group, Inc. $ECG Shares Purchased by Wasatch Advisors LP

Wasatch Advisors LP boosted its stake in shares of Everus Construction Group, Inc. (NYSE:ECG) by 39.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,017,249 shares of the company’s stock after purchasing an additional 856,912 shares during the quarter. Everus Construction Group comprises 2.4% of Wasatch Advisors LP’s portfolio, making the stock its 7th largest holding. Wasatch Advisors LP owned approximately 0.06% of Everus Construction Group worth $356,216,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in shares of Everus Construction Group by 12.6% in the fourth quarter. GAMMA Investing LLC now owns 1,286 shares of the company’s stock valued at $110,000 after purchasing an additional 144 shares during the period. Maryland State Retirement & Pension System boosted its holdings in shares of Everus Construction Group by 1.4% during the 4th quarter. Maryland State Retirement & Pension System now owns 10,379 shares of the company’s stock worth $888,000 after buying an additional 146 shares during the period. DMKC Advisory Services LLC boosted its holdings in shares of Everus Construction Group by 4.2% during the 4th quarter. DMKC Advisory Services LLC now owns 3,762 shares of the company’s stock worth $322,000 after buying an additional 150 shares during the period. Geneos Wealth Management Inc. grew its stake in Everus Construction Group by 105.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after buying an additional 198 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its stake in Everus Construction Group by 5.6% in the 4th quarter. Kestra Advisory Services LLC now owns 4,292 shares of the company’s stock valued at $367,000 after buying an additional 226 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Freedom Capital downgraded shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Weiss Ratings raised Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Cantor Fitzgerald boosted their price objective 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. Guggenheim upgraded Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 target price for the company in a research note on Thursday, April 30th. Finally, Oppenheimer began coverage on Everus Construction Group in a report on Thursday, May 28th. They issued an “outperform” rating and a $185.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Everus Construction Group presently has an average rating of “Moderate Buy” and a consensus price target of $155.67.

Everus Construction Group Price Performance

NYSE:ECG opened at $155.08 on Friday. 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, Inc. has a one year low of $60.78 and a one year high of $171.58. The company has a fifty day moving average price of $149.79 and a 200 day moving average price of $119.59. The stock has a market cap of $7.92 billion, a P/E ratio of 35.57 and a beta of 2.32.

Everus Construction Group (NYSE:ECG) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.33. Everus Construction Group had a net margin of 5.65% and a return on equity of 37.17%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $933.81 million. During the same period last year, the business posted $0.72 EPS. The business’s quarterly revenue was up 25.4% on a year-over-year basis. Analysts anticipate that Everus Construction Group, Inc. will post 4.39 earnings per share for the current year.

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.