Everus Construction Group, Inc. $ECG Shares Sold by Granite Investment Partners LLC

Granite Investment Partners LLC reduced its holdings in shares of Everus Construction Group, Inc. (NYSE:ECG) by 5.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 88,319 shares of the company’s stock after selling 5,289 shares during the period. Granite Investment Partners LLC’s holdings in Everus Construction Group were worth $10,427,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ECG. Root Financial Partners LLC increased its stake in shares of Everus Construction Group by 126.0% in the first quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock worth $26,000 after buying an additional 121 shares during the last quarter. Sound Income Strategies LLC bought a new position in Everus Construction Group during the 4th quarter valued at $28,000. Flagship Harbor Advisors LLC bought a new position in Everus Construction Group during the 4th quarter valued at $30,000. Geneos Wealth Management Inc. grew its holdings in Everus Construction Group by 105.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock worth $25,000 after acquiring an additional 198 shares in the last quarter. Finally, McMillan Office Inc. acquired a new position in Everus Construction Group during the 4th quarter worth $43,000.

Everus Construction Group Stock Performance

Shares of ECG opened at $134.15 on Thursday. The stock has a market capitalization of $6.85 billion, a PE ratio of 30.77 and a beta of 2.23. The business’s fifty day moving average price is $151.89 and its 200 day moving average price is $122.88. 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 12-month low of $65.27 and a 12-month high of $171.58.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ECG. Zacks Research upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 15th. 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 note on Monday, May 11th. Guggenheim raised Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a report on Thursday, April 30th. Stifel Nicolaus set a $172.00 price objective on Everus Construction Group in a research note on Friday, May 8th. Finally, Weiss Ratings raised Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Everus Construction Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.67.

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.