Oak Ridge Investments LLC Has $2.15 Million Position in Everus Construction Group, Inc. $ECG

Oak Ridge Investments LLC reduced its holdings in Everus Construction Group, Inc. (NYSE:ECG) by 3.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 33,792 shares of the company’s stock after selling 1,056 shares during the quarter. Oak Ridge Investments LLC’s holdings in Everus Construction Group were worth $2,147,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ECG. GAMMA Investing LLC increased its stake in Everus Construction Group by 295.6% in the 1st quarter. GAMMA Investing LLC now owns 720 shares of the company’s stock valued at $27,000 after buying an additional 538 shares during the last quarter. Signaturefd LLC increased its stake in Everus Construction Group by 91.6% in the 2nd quarter. Signaturefd LLC now owns 435 shares of the company’s stock valued at $28,000 after buying an additional 208 shares during the last quarter. Concord Wealth Partners acquired a new stake in Everus Construction Group in the 1st quarter valued at $31,000. Garde Capital Inc. acquired a new stake in Everus Construction Group in the 1st quarter valued at $38,000. Finally, Hilltop National Bank acquired a new stake in Everus Construction Group in the 2nd quarter valued at $41,000.

Analyst Ratings Changes

Several equities research analysts have issued reports on ECG shares. DA Davidson lifted their price target on shares of Everus Construction Group from $68.00 to $88.00 and gave the company a “neutral” rating in a research note on Thursday, August 14th. Wall Street Zen downgraded shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 14th. Zacks Research raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 14th. Stifel Nicolaus lifted their price objective on shares of Everus Construction Group from $88.00 to $94.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Everus Construction Group in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $90.67.

Everus Construction Group Stock Performance

Shares of ECG stock opened at $82.68 on Friday. The company has a market capitalization of $4.22 billion and a price-to-earnings ratio of 25.52. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.69 and a current ratio of 1.77. The company has a 50-day simple moving average of $78.33 and a 200 day simple moving average of $62.80. Everus Construction Group, Inc. has a 52 week low of $31.38 and a 52 week high of $90.00.

Everus Construction Group (NYSE:ECG) last announced its earnings results on Tuesday, August 12th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.61 by $0.42. The business had revenue of $921.47 million during the quarter, compared to the consensus estimate of $749.12 million. Everus Construction Group had a net margin of 5.07% and a return on equity of 35.83%. The business’s revenue was up 31.0% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Everus Construction Group, Inc. will post 2.49 earnings per share 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.