6,612 Shares in Everus Construction Group, Inc. $ECG Purchased by Virtus Advisers LLC

Virtus Advisers LLC bought a new position in shares of Everus Construction Group, Inc. (NYSE:ECG) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 6,612 shares of the company’s stock, valued at approximately $1,097,000.

Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Everus Construction Group during the second quarter worth $1,094,243,000. Wasatch Advisors LP bought a new stake in shares of Everus Construction Group during the 4th quarter valued at about $184,838,000. Northwestern Mutual Wealth Management Co. raised its stake in Everus Construction Group by 147,209.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,260,973 shares of the company’s stock worth $107,889,000 after acquiring an additional 1,260,117 shares during the period. Invesco Ltd. raised its stake in Everus Construction Group by 86.4% during the third quarter. Invesco Ltd. now owns 1,795,730 shares of the company’s stock worth $153,984,000 after acquiring an additional 832,389 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Everus Construction Group by 109.9% in the first quarter. First Trust Advisors LP now owns 1,280,916 shares of the company’s stock worth $151,225,000 after acquiring an additional 670,646 shares during the last quarter.

Insider Buying and Selling at Everus Construction Group

In other news, VP Paul R. Sanderson sold 3,300 shares of the firm’s 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 transaction, the vice president directly owned 18,950 shares of the company’s stock, valued at approximately $2,590,275.50. This trade 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 the SEC website. Also, Director David M. Sparby purchased 1,000 shares of the stock in a transaction dated Monday, August 17th. The shares were acquired at an average cost of $144.95 per share, for a total transaction of $144,950.00. Following the completion of the acquisition, the director directly owned 19,658 shares of the company’s stock, valued at approximately $2,849,427.10. This trade represents a 5.36% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ECG. Guggenheim boosted their price objective on Everus Construction Group from $160.00 to $184.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Zacks Research lowered Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Stifel Nicolaus set a $172.00 target price on Everus Construction Group in a research note on Friday, May 8th. DA Davidson set a $168.00 price target on shares of Everus Construction Group in a report on Thursday. Finally, Cantor Fitzgerald lowered their price target on shares of Everus Construction Group from $174.00 to $152.00 and set a “neutral” rating for the company in a research report on Thursday, August 13th. One equities 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $169.50.

Everus Construction Group Stock Performance

Shares of NYSE ECG opened at $124.71 on Friday. Everus Construction Group, Inc. has a 12-month low of $73.00 and a 12-month high of $171.58. The company has a market cap of $6.37 billion, a PE ratio of 25.09 and a beta of 2.37. The stock has a 50 day simple moving average of $140.34 and a 200-day simple moving average of $132.38. The company has a current ratio of 1.59, a quick ratio of 1.53 and a debt-to-equity ratio of 0.34.

Everus Construction Group (NYSE:ECG) last posted its earnings results on Tuesday, August 4th. The company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.14 by $0.50. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Everus Construction Group had a return on equity of 38.22% and a net margin of 5.96%.The firm’s revenue was up 33.7% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. On average, equities research analysts forecast that Everus Construction Group, Inc. will post 5.23 EPS for the current year.

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.