Entropy Technologies LP Cuts Position in Everus Construction Group, Inc. $ECG

Entropy Technologies LP trimmed its holdings in shares of Everus Construction Group, Inc. (NYSE:ECG) by 78.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,789 shares of the company’s stock after selling 9,951 shares during the period. Entropy Technologies LP’s holdings in Everus Construction Group were worth $329,000 as of its most recent SEC filing.

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

Everus Construction Group Stock Up 13.0%

ECG stock opened at $123.31 on Friday. Everus Construction Group, Inc. has a 1-year low of $68.51 and a 1-year high of $171.58. The business has a fifty day moving average price of $144.51 and a 200-day moving average price of $127.72. 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 stock has a market capitalization of $6.29 billion, a P/E ratio of 28.28 and a beta of 2.23.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.14 earnings per share (EPS) 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 firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $933.81 million. During the same period in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 25.4% on a year-over-year basis. Equities analysts forecast that Everus Construction Group, Inc. will post 4.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ECG has been the topic of a number of recent research reports. Stifel Nicolaus set a $172.00 target price on Everus Construction Group in a research note on Friday, May 8th. Zacks Research lowered Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday. Freedom Capital cut shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Glj Research initiated coverage on shares of Everus Construction Group in a research report on Monday, April 20th. They set a “hold” rating and a $141.00 price objective on the stock. Finally, Oppenheimer assumed 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. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Everus Construction Group has an average rating of “Hold” and a consensus price target of $155.67.

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.