Hel Ved Capital Management Ltd Purchases Shares of 26,360 Everus Construction Group, Inc. $ECG

Hel Ved Capital Management Ltd purchased a new stake in Everus Construction Group, Inc. (NYSE:ECG) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 26,360 shares of the company’s stock, valued at approximately $2,255,000. Hel Ved Capital Management Ltd owned about 0.05% of Everus Construction Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bessemer Group Inc. lifted its stake in Everus Construction Group by 68.2% during the third quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock valued at $29,000 after buying an additional 137 shares in the last quarter. GAMMA Investing LLC lifted its stake in Everus Construction Group by 12.6% during the fourth quarter. GAMMA Investing LLC now owns 1,286 shares of the company’s stock valued at $110,000 after buying an additional 144 shares in the last quarter. DMKC Advisory Services LLC lifted its stake in Everus Construction Group by 4.2% during the fourth quarter. DMKC Advisory Services LLC now owns 3,762 shares of the company’s stock valued at $322,000 after buying an additional 150 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake 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 in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in Everus Construction Group by 2.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 11,694 shares of the company’s stock valued at $1,001,000 after buying an additional 235 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have commented on ECG. Oppenheimer began coverage on shares of Everus Construction Group in a research note on Thursday, May 28th. They set an “outperform” rating and a $185.00 price objective for the company. Cantor Fitzgerald upped their target price on Everus Construction Group from $115.00 to $174.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Stifel Nicolaus set a $172.00 target price on Everus Construction Group in a report on Friday, May 8th. Weiss Ratings upgraded Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Finally, Glj Research began coverage on Everus Construction Group in a report on Monday, April 20th. They issued a “hold” rating and a $141.00 target price on the stock. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Everus Construction Group currently has an average rating of “Hold” and an average target price of $155.67.

Everus Construction Group Price Performance

Shares of ECG opened at $148.70 on Friday. The company has a market capitalization of $7.59 billion, a price-to-earnings ratio of 34.11 and a beta of 2.32. Everus Construction Group, Inc. has a fifty-two week low of $58.00 and a fifty-two week high of $171.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.77 and a quick ratio of 1.71. The business’s 50-day moving average is $143.71 and its 200-day moving average is $114.92.

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

Everus Construction Group 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.