Everus Construction Group, Inc. (NYSE:ECG) Short Interest Update

Everus Construction Group, Inc. (NYSE:ECG) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 1,793,875 shares, a growth of 16.3% from the March 31st total of 1,542,443 shares. Based on an average trading volume of 505,706 shares, the short-interest ratio is presently 3.5 days. Approximately 3.5% of the shares of the stock are short sold.

Everus Construction Group Trading Up 1.2%

ECG traded up $1.72 during mid-day trading on Friday, reaching $149.15. The stock had a trading volume of 537,005 shares, compared to its average volume of 514,556. The stock has a market capitalization of $7.61 billion, a P/E ratio of 37.85 and a beta of 2.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.76. The firm’s fifty day simple moving average is $122.41 and its two-hundred day simple moving average is $102.18. Everus Construction Group has a 52 week low of $43.25 and a 52 week high of $149.88.

Everus Construction Group (NYSE:ECG) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.36. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $879.57 million. Everus Construction Group had a return on equity of 37.06% and a net margin of 5.39%.The firm’s revenue for the quarter was up 33.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 earnings per share. On average, equities analysts predict that Everus Construction Group will post 4.1 EPS for the current year.

Institutional Investors Weigh In On Everus Construction Group

Several institutional investors have recently modified their holdings of the business. Royal Bank of Canada raised its stake in shares of Everus Construction Group by 155.0% during the first quarter. Royal Bank of Canada now owns 48,839 shares of the company’s stock worth $1,811,000 after buying an additional 29,689 shares during the last quarter. Millennium Management LLC boosted its stake in Everus Construction Group by 42.7% in the first quarter. Millennium Management LLC now owns 244,421 shares of the company’s stock valued at $9,066,000 after acquiring an additional 73,128 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Everus Construction Group by 74.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 178,790 shares of the company’s stock worth $6,631,000 after acquiring an additional 76,252 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Everus Construction Group by 33.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 140,397 shares of the company’s stock valued at $5,207,000 after acquiring an additional 34,868 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of Everus Construction Group by 184.4% during the 1st quarter. Jane Street Group LLC now owns 71,323 shares of the company’s stock valued at $2,645,000 after acquiring an additional 46,247 shares during the last quarter.

Analyst Ratings Changes

ECG has been the topic of a number of analyst reports. Glj Research initiated coverage on Everus Construction Group in a research report on Monday, April 20th. They issued a “hold” rating and a $141.00 price target on the stock. Wall Street Zen lowered Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. DA Davidson reaffirmed a “neutral” rating and set a $102.00 price target on shares of Everus Construction Group in a report on Wednesday, February 25th. Guggenheim upgraded Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Thursday. Finally, Cantor Fitzgerald began coverage on Everus Construction Group in a research note on Friday, January 23rd. They issued a “neutral” rating and a $97.00 price objective on the stock. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Everus Construction Group presently has an average rating of “Hold” and a consensus target price of $126.33.

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.