Everus Construction Group (NYSE:ECG) Stock Rating Lowered by Zacks Research

Everus Construction Group (NYSE:ECG) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the stock. Glj Research assumed coverage on shares of Everus Construction Group in a research report on Monday, April 20th. They issued a “hold” rating and a $141.00 price target for the company. Weiss Ratings raised Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Oppenheimer initiated coverage on Everus Construction Group in a research note on Thursday, May 28th. They set an “outperform” rating and a $185.00 price objective on the stock. Freedom Capital cut Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Guggenheim raised Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a report on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Everus Construction Group has an average rating of “Hold” and a consensus price target of $155.67.

Everus Construction Group Price Performance

NYSE:ECG opened at $117.12 on Monday. Everus Construction Group has a 52 week low of $68.51 and a 52 week high of $171.58. The firm has a market cap of $5.98 billion, a price-to-earnings ratio of 26.86 and a beta of 2.23. The firm’s 50-day simple moving average is $145.85 and its 200 day simple moving average is $127.30. 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 posted its quarterly earnings data 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. The firm had revenue of $1.04 billion during 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 37.17%. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 EPS. As a group, sell-side analysts predict that Everus Construction Group will post 4.39 earnings per share for the current year.

Hedge Funds Weigh In On Everus Construction Group

Institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. boosted its stake in Everus Construction Group by 105.3% in the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after buying an additional 198 shares in the last quarter. Root Financial Partners LLC grew its position in Everus Construction Group by 126.0% in the first quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock valued at $26,000 after acquiring an additional 121 shares during the last quarter. Sound Income Strategies LLC acquired a new position in Everus Construction Group during the fourth quarter worth about $28,000. Flagship Harbor Advisors LLC acquired a new position in Everus Construction Group during the fourth quarter worth about $30,000. Finally, McMillan Office Inc. acquired a new position in Everus Construction Group during the fourth quarter worth about $43,000.

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.