Everus Construction Group, Inc. $ECG Stock Position Reduced by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lessened its position in shares of Everus Construction Group, Inc. (NYSE:ECG) by 0.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 23,800 shares of the company’s stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Everus Construction Group were worth $1,512,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Westwood Holdings Group Inc. bought a new stake in shares of Everus Construction Group in the 1st quarter worth approximately $75,089,000. Alliancebernstein L.P. lifted its holdings in shares of Everus Construction Group by 58.2% in the 1st quarter. Alliancebernstein L.P. now owns 1,278,096 shares of the company’s stock worth $47,405,000 after purchasing an additional 470,025 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Everus Construction Group by 7.8% in the 1st quarter. Invesco Ltd. now owns 1,071,118 shares of the company’s stock worth $39,728,000 after purchasing an additional 77,396 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Everus Construction Group by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 442,074 shares of the company’s stock worth $16,397,000 after purchasing an additional 30,961 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Everus Construction Group by 60.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 416,192 shares of the company’s stock worth $15,437,000 after purchasing an additional 156,966 shares during the last quarter.

Everus Construction Group Stock Down 5.8%

Shares of Everus Construction Group stock opened at $82.68 on Monday. Everus Construction Group, Inc. has a 1-year low of $31.38 and a 1-year high of $90.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 1.69. The business’s fifty day moving average price is $78.33 and its two-hundred day moving average price is $63.00. The company has a market capitalization of $4.22 billion and a P/E ratio of 25.52.

Everus Construction Group (NYSE:ECG) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.42. Everus Construction Group had a return on equity of 35.83% and a net margin of 5.07%.The company had revenue of $921.47 million for the quarter, compared to the consensus estimate of $749.12 million. The business’s quarterly revenue was up 31.0% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Everus Construction Group, Inc. will post 2.49 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ECG shares. Oppenheimer set a $90.00 target price on Everus Construction Group and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Wall Street Zen downgraded Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 14th. DA Davidson lifted their target price on Everus Construction Group from $68.00 to $88.00 and gave the company a “neutral” rating in a research note on Thursday, August 14th. Stifel Nicolaus lifted their target price on Everus Construction Group from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everus Construction Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.67.

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.