David Sparby Buys 1,000 Shares of Everus Construction Group (NYSE:ECG) Stock

Everus Construction Group, Inc. (NYSE:ECG) Director David Sparby acquired 1,000 shares of the stock in a transaction dated Monday, August 17th. The stock was bought at an average cost of $144.95 per share, with a total value of $144,950.00. Following the completion of the purchase, the director owned 19,658 shares of the company’s stock, valued at approximately $2,849,427.10. The trade was a 5.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Everus Construction Group Trading Up 0.2%

Shares of ECG stock opened at $129.51 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.53 and a current ratio of 1.59. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of 26.06 and a beta of 2.37. Everus Construction Group, Inc. has a 52-week low of $72.43 and a 52-week high of $171.58. The company has a 50-day simple moving average of $140.72 and a two-hundred day simple moving average of $132.13.

Everus Construction Group (NYSE:ECG) last announced its earnings results on Tuesday, August 4th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.50. Everus Construction Group had a return on equity of 38.22% and a net margin of 5.96%.The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the firm posted $1.03 EPS. The business’s revenue was up 33.7% compared to the same quarter last year. Research analysts anticipate that Everus Construction Group, Inc. will post 5.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. lifted its holdings in Everus Construction Group by 105.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock worth $25,000 after buying an additional 198 shares during the period. Root Financial Partners LLC increased its stake in shares of Everus Construction Group by 126.0% during the first quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock valued at $26,000 after buying an additional 121 shares during the period. Global Retirement Partners LLC purchased a new position in shares of Everus Construction Group during the second quarter valued at approximately $28,000. Jones Financial Companies Lllp purchased a new position in Everus Construction Group during the 2nd quarter valued at $36,000. Finally, McMillan Office Inc. bought a new position in Everus Construction Group in the fourth quarter worth about $43,000.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ECG. Guggenheim raised their price target on Everus Construction Group from $160.00 to $184.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Everus Construction Group in a research report on Tuesday, August 4th. Stifel Nicolaus set a $172.00 target price on Everus Construction Group in a research note on Friday, May 8th. Oppenheimer restated an “outperform” rating and set a $200.00 price target on shares of Everus Construction Group in a research report on Thursday, August 6th. Finally, Cantor Fitzgerald decreased their price objective on Everus Construction Group from $174.00 to $152.00 and set a “neutral” rating on the stock in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Everus Construction Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.50.

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.