Everus Construction Group, Inc. $ECG Shares Sold by UBS Group AG

UBS Group AG cut its holdings in Everus Construction Group, Inc. (NYSE:ECG) by 9.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 508,280 shares of the company’s stock after selling 52,541 shares during the quarter. UBS Group AG’s holdings in Everus Construction Group were worth $43,488,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ECG. Royal Bank of Canada grew its holdings in 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 acquiring an additional 29,689 shares during the period. Millennium Management LLC lifted its holdings 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 period. Goldman Sachs Group Inc. boosted its position in shares of 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 purchasing an additional 76,252 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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 worth $5,207,000 after purchasing an additional 34,868 shares in the last quarter. Finally, Jane Street Group LLC grew its stake 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 worth $2,645,000 after purchasing an additional 46,247 shares during the period.

Wall Street Analyst Weigh In

ECG has been the subject of several recent analyst reports. Wall Street Zen cut shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Glj Research started coverage on shares of Everus Construction Group in a research report on Monday, April 20th. They set a “hold” rating and a $141.00 target price on the stock. Stifel Nicolaus increased their target price on shares of Everus Construction Group to $153.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. DA Davidson reiterated a “neutral” rating and set a $102.00 price target on shares of Everus Construction Group in a research report on Wednesday, February 25th. Finally, Guggenheim upgraded Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Thursday, April 30th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Everus Construction Group presently has an average rating of “Hold” and a consensus price target of $126.33.

Everus Construction Group Price Performance

Shares of NYSE ECG opened at $168.77 on Thursday. The company has a current ratio of 1.76, a quick ratio of 1.70 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average price is $124.86 and its 200 day moving average price is $103.48. Everus Construction Group, Inc. has a 52 week low of $44.97 and a 52 week high of $171.58. The stock has a market cap of $8.61 billion, a price-to-earnings ratio of 38.71 and a beta of 2.55.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.33. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $933.81 million. Everus Construction Group had a net margin of 5.65% and a return on equity of 39.03%. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 earnings per share. As a group, research analysts forecast that Everus Construction Group, Inc. will post 4.1 earnings per share for the current fiscal year.

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.