6,242 Shares in Everus Construction Group, Inc. $ECG Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in Everus Construction Group, Inc. (NYSE:ECG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,242 shares of the company’s stock, valued at approximately $1,036,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC lifted its position 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 worth $26,000 after buying an additional 121 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Everus Construction Group by 105.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock worth $25,000 after buying an additional 198 shares during the last quarter. McMillan Office Inc. bought a new position in shares of Everus Construction Group in the fourth quarter valued at approximately $43,000. Ballast Advisors LLC bought a new position in shares of Everus Construction Group in the first quarter valued at approximately $84,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of Everus Construction Group during the fourth quarter valued at approximately $74,000.

Analysts Set New Price Targets

A number of analysts recently commented on ECG shares. Guggenheim lifted their price target on Everus Construction Group from $160.00 to $184.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Zacks Research downgraded Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Stifel Nicolaus set a $172.00 target price on Everus Construction Group in a research report on Friday, May 8th. Freedom Capital raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Everus Construction Group in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.50.

Everus Construction Group Stock Up 1.7%

ECG opened at $143.49 on Tuesday. Everus Construction Group, Inc. has a twelve month low of $72.43 and a twelve month high of $171.58. The company’s 50-day moving average price is $141.20 and its two-hundred day moving average price is $131.62. The stock has a market cap of $7.33 billion, a price-to-earnings ratio of 28.87 and a beta of 2.37. The company has a quick ratio of 1.53, a current ratio of 1.59 and a debt-to-equity ratio of 0.34.

Everus Construction Group (NYSE:ECG) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.50. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.08 billion. Everus Construction Group had a net margin of 5.96% and a return on equity of 38.22%. Everus Construction Group’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS. As a group, equities analysts expect that Everus Construction Group, Inc. will post 5.23 earnings per share for the current year.

Insiders Place Their Bets

In other Everus Construction Group news, VP Paul R. Sanderson sold 3,300 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $136.69, for a total transaction of $451,077.00. Following the completion of the transaction, the vice president directly owned 18,950 shares of the company’s stock, valued at approximately $2,590,275.50. This represents a 14.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.33% of the company’s stock.

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.