Universal Beteiligungs und Servicegesellschaft mbH Boosts Holdings in Everus Construction Group, Inc. $ECG

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Everus Construction Group, Inc. (NYSE:ECG) by 1,049.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,748 shares of the company’s stock after purchasing an additional 55,463 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Everus Construction Group were worth $5,209,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geneos Wealth Management Inc. increased its stake 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 buying an additional 198 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Everus Construction Group in the third quarter worth approximately $33,000. Signaturefd LLC increased its position in shares of Everus Construction Group by 91.6% during the second quarter. Signaturefd LLC now owns 435 shares of the company’s stock worth $28,000 after purchasing an additional 208 shares in the last quarter. Country Trust Bank purchased a new stake in shares of Everus Construction Group during the second quarter worth approximately $31,000. Finally, GHP Investment Advisors Inc. acquired a new position in Everus Construction Group in the 2nd quarter valued at $37,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Everus Construction Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Everus Construction Group in a research note on Thursday. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 price objective on shares of Everus Construction Group in a research note on Thursday, November 6th. Cantor Fitzgerald assumed coverage on shares of Everus Construction Group in a report on Friday. They issued a “neutral” rating and a $97.00 price objective for the company. Finally, DA Davidson set a $102.00 target price on Everus Construction Group in a report on Thursday, November 6th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $102.75.

Everus Construction Group Trading Up 0.5%

Shares of ECG stock opened at $91.68 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. Everus Construction Group, Inc. has a twelve month low of $31.38 and a twelve month high of $103.08. The company’s 50-day moving average price is $89.40 and its 200-day moving average price is $83.75. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 25.97 and a beta of 3.84.

Everus Construction Group (NYSE:ECG) last released its quarterly earnings data on Tuesday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.49. Everus Construction Group had a net margin of 5.18% and a return on equity of 36.74%. The firm had revenue of $986.82 million during the quarter, compared to analysts’ expectations of $830.60 million. During the same period last year, the business earned $0.82 earnings per share. Everus Construction Group’s revenue was up 29.7% compared to the same quarter last year. As a group, equities analysts predict that Everus Construction Group, Inc. will post 2.49 earnings per share 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.