Whittier Trust Co. Makes New $5.74 Million Investment in Everus Construction Group, Inc. $ECG

Whittier Trust Co. purchased a new stake in shares of Everus Construction Group, Inc. (NYSE:ECG) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 47,557 shares of the company’s stock, valued at approximately $5,737,000. Whittier Trust Co. owned approximately 0.09% of Everus Construction Group at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Wasatch Advisors LP purchased a new position in shares of Everus Construction Group during the 4th quarter valued at $184,838,000. Capital International Investors bought a new stake in Everus Construction Group during the third quarter valued at about $165,993,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Everus Construction Group by 147,209.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,260,973 shares of the company’s stock valued at $107,889,000 after acquiring an additional 1,260,117 shares in the last quarter. Invesco Ltd. raised its stake in Everus Construction Group by 86.4% during the 3rd quarter. Invesco Ltd. now owns 1,795,730 shares of the company’s stock valued at $153,984,000 after purchasing an additional 832,389 shares during the period. Finally, Millennium Management LLC lifted its holdings in Everus Construction Group by 162.2% in the 4th quarter. Millennium Management LLC now owns 642,250 shares of the company’s stock worth $54,951,000 after purchasing an additional 397,268 shares in the last quarter.

Everus Construction Group Price Performance

Shares of ECG stock traded down $11.05 on Tuesday, reaching $132.81. The company’s stock had a trading volume of 147,306 shares, compared to its average volume of 656,208. The stock’s fifty day simple moving average is $152.07 and its 200-day simple moving average is $122.20. Everus Construction Group, Inc. has a 1 year low of $62.92 and a 1 year high of $171.58. The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of 30.48 and a beta of 2.23. The company has a current ratio of 1.77, a quick ratio of 1.71 and a debt-to-equity ratio of 0.38.

Everus Construction Group (NYSE:ECG) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.33. Everus Construction Group had a net margin of 5.65% and a return on equity of 37.17%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $933.81 million. During the same quarter in the prior year, the firm earned $0.72 earnings per share. Everus Construction Group’s revenue was up 25.4% on a year-over-year basis. Analysts forecast that Everus Construction Group, Inc. will post 4.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ECG shares. Freedom Capital cut shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Cantor Fitzgerald upped their target price on shares of Everus Construction Group from $115.00 to $174.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Glj Research began coverage on shares of Everus Construction Group in a research note on Monday, April 20th. They set a “hold” rating and a $141.00 target price for the company. Weiss Ratings upgraded shares of Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Finally, Oppenheimer assumed coverage on shares of Everus Construction Group in a research note on Thursday, May 28th. They issued an “outperform” rating and a $185.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Everus Construction Group has a consensus rating of “Moderate Buy” and an average target price of $155.67.

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. Everus Construction Group is based in BISMARCK, N.D.