Swedbank AB Purchases 200,000 Shares of Everus Construction Group, Inc. $ECG

Swedbank AB increased its position in Everus Construction Group, Inc. (NYSE:ECG) by 66.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 500,000 shares of the company’s stock after acquiring an additional 200,000 shares during the quarter. Swedbank AB’s holdings in Everus Construction Group were worth $42,875,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Brady Martz Wealth Solutions LLC grew its holdings in Everus Construction Group by 2.3% during the 2nd quarter. Brady Martz Wealth Solutions LLC now owns 6,855 shares of the company’s stock worth $435,000 after acquiring an additional 154 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Everus Construction Group by 105.3% during the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock worth $25,000 after purchasing an additional 198 shares during the period. GAMMA Investing LLC grew its stake in shares of Everus Construction Group by 21.9% in the third quarter. GAMMA Investing LLC now owns 1,142 shares of the company’s stock worth $98,000 after purchasing an additional 205 shares during the last quarter. Signaturefd LLC grew its stake in shares of Everus Construction Group by 91.6% in the second quarter. Signaturefd LLC now owns 435 shares of the company’s stock worth $28,000 after purchasing an additional 208 shares during the last quarter. Finally, Yousif Capital Management LLC increased its holdings in Everus Construction Group by 1.1% in the second quarter. Yousif Capital Management LLC now owns 19,077 shares of the company’s stock valued at $1,212,000 after purchasing an additional 215 shares during the period.

Analyst Ratings Changes

ECG has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everus Construction Group in a report on Wednesday, October 8th. Wall Street Zen raised Everus Construction Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Oppenheimer reiterated an “outperform” rating and issued a $105.00 target price on shares of Everus Construction Group in a report on Thursday, November 6th. DA Davidson set a $102.00 target price on shares of Everus Construction Group in a research report on Thursday, November 6th. Finally, Stifel Nicolaus boosted their price target on shares of Everus Construction Group from $88.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Everus Construction Group currently has a consensus rating of “Moderate Buy” and an average price target of $100.33.

Everus Construction Group Price Performance

Everus Construction Group stock opened at $89.66 on Friday. The stock has a market capitalization of $4.57 billion and a price-to-earnings ratio of 25.40. Everus Construction Group, Inc. has a 52-week low of $31.38 and a 52-week high of $103.08. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.76. The stock’s 50 day moving average price is $90.65 and its two-hundred day moving average price is $79.36.

Everus Construction Group (NYSE:ECG) last released its earnings results on Tuesday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.49. The company had revenue of $986.82 million for the quarter, compared to the consensus estimate of $830.60 million. Everus Construction Group had a net margin of 5.18% and a return on equity of 36.74%. Everus Construction Group’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.82 EPS. On average, equities 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. Everus Construction Group is based in BISMARCK, N.D.