Everus Construction Group, Inc. $ECG Shares Sold by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC trimmed its position in shares of Everus Construction Group, Inc. (NYSE:ECG) by 72.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,744 shares of the company’s stock after selling 205,235 shares during the period. Neumeier Poma Investment Counsel LLC’s holdings in Everus Construction Group were worth $6,737,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its position 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 acquiring an additional 198 shares during the period. Sound Income Strategies LLC purchased a new stake in shares of Everus Construction Group during the fourth quarter worth $28,000. Bessemer Group Inc. increased its position in shares of Everus Construction Group by 68.2% during the third quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock worth $29,000 after acquiring an additional 137 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in shares of Everus Construction Group during the fourth quarter worth $30,000. Finally, Signaturefd LLC increased its position in shares of Everus Construction Group by 103.1% during the fourth quarter. Signaturefd LLC now owns 721 shares of the company’s stock worth $62,000 after acquiring an additional 366 shares during the period.

Analyst Upgrades and Downgrades

ECG has been the topic of a number of recent research reports. Glj Research initiated coverage on Everus Construction Group in a research report on Monday, April 20th. They set a “hold” rating and a $141.00 price objective on the stock. Stifel Nicolaus set a $172.00 price objective on Everus Construction Group in a research report on Friday, May 8th. Weiss Ratings raised Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Zacks Research lowered Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Guggenheim raised Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Thursday, April 30th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $155.67.

Everus Construction Group Stock Performance

Shares of ECG stock opened at $154.54 on Friday. The stock’s 50-day moving average is $140.38 and its two-hundred day moving average is $112.52. The firm has a market cap of $7.89 billion, a price-to-earnings ratio of 35.44 and a beta of 2.32. Everus Construction Group, Inc. has a 1 year low of $58.00 and a 1 year high of $171.58. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.71 and a current ratio of 1.77.

Everus Construction Group (NYSE:ECG) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.33. Everus Construction Group had a return on equity of 37.17% and a net margin of 5.65%.The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $933.81 million. During the same quarter last year, the company posted $0.72 earnings per share. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. Analysts predict that Everus Construction Group, Inc. will post 4.39 earnings per share for the current year.

Everus Construction Group 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.