Healthcare of Ontario Pension Plan Trust Fund Purchases New Shares in Everus Construction Group, Inc. $ECG

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Everus Construction Group, Inc. (NYSE:ECG) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 114,800 shares of the company’s stock, valued at approximately $13,553,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its position in Everus Construction Group by 105.3% during the second 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 period. Root Financial Partners LLC boosted its holdings in shares of Everus Construction Group by 126.0% during the 1st quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock valued at $26,000 after buying an additional 121 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Everus Construction Group in the 4th quarter worth about $28,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Everus Construction Group in the 4th quarter worth about $30,000. Finally, McMillan Office Inc. purchased a new stake in shares of Everus Construction Group in the 4th quarter worth about $43,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Cantor Fitzgerald lifted their price target on shares of Everus Construction Group from $115.00 to $174.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Stifel Nicolaus set a $172.00 price objective on shares of Everus Construction Group in a report on Friday, May 8th. Glj Research initiated coverage on shares of Everus Construction Group in a research note on Monday, April 20th. They set a “hold” rating and a $141.00 target price for the company. Weiss Ratings raised shares of Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Finally, Zacks Research upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Monday, June 15th. One 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. According to MarketBeat.com, Everus Construction Group has an average rating of “Moderate Buy” and an average price target of $155.67.

Everus Construction Group Trading Down 2.1%

Everus Construction Group stock opened at $127.27 on Tuesday. Everus Construction Group, Inc. has a 12 month low of $68.51 and a 12 month high of $171.58. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 29.19 and a beta of 2.23. The business’s fifty day simple moving average is $146.43 and its two-hundred day simple moving average is $127.10. The company has a current ratio of 1.77, a quick ratio of 1.71 and a debt-to-equity ratio of 0.38.

Everus Construction Group (NYSE:ECG) last issued its quarterly 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 the consensus estimate of $933.81 million. Everus Construction Group had a return on equity of 37.17% and a net margin of 5.65%.The company’s revenue was up 25.4% on a year-over-year basis. During the same period last year, the company earned $0.72 earnings per share. As a group, equities analysts predict that Everus Construction Group, Inc. will post 4.39 earnings per share for the current fiscal 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.