Americana Partners LLC Buys New Shares in Everus Construction Group, Inc. $ECG

Americana Partners LLC purchased a new stake in Everus Construction Group, Inc. (NYSE:ECG) in the second quarter, HoldingsChannel reports. The fund purchased 3,696 shares of the company’s stock, valued at approximately $235,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ECG. Signaturefd LLC raised its position in shares of Everus Construction Group by 91.6% during the second quarter. Signaturefd LLC now owns 435 shares of the company’s stock valued at $28,000 after buying an additional 208 shares during the last quarter. Concord Wealth Partners acquired a new stake in Everus Construction Group during the first quarter worth about $31,000. GHP Investment Advisors Inc. bought a new position in Everus Construction Group during the second quarter valued at about $37,000. Hilltop National Bank acquired a new position in Everus Construction Group in the 2nd quarter valued at approximately $41,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Everus Construction Group by 112,700.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,128 shares of the company’s stock valued at $42,000 after acquiring an additional 1,127 shares in the last quarter.

Everus Construction Group Stock Performance

Everus Construction Group stock opened at $99.96 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.69. The stock has a fifty day moving average price of $85.36 and a two-hundred day moving average price of $71.53. Everus Construction Group, Inc. has a 52-week low of $31.38 and a 52-week high of $101.42. The firm has a market capitalization of $5.10 billion and a P/E ratio of 28.32.

Everus Construction Group (NYSE:ECG) last issued its earnings results on Tuesday, November 4th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.62 by $0.49. Everus Construction Group had a net margin of 5.18% and a return on equity of 36.74%. The company had revenue of $986.82 million for the quarter, compared to the consensus estimate of $830.60 million. During the same quarter in the previous year, the company earned $0.82 EPS. The firm’s revenue for the quarter was up 29.7% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Everus Construction Group, Inc. will post 2.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Oppenheimer reissued an “outperform” rating and set a $105.00 price objective on shares of Everus Construction Group in a report on Thursday, November 6th. Stifel Nicolaus upped their target price on Everus Construction Group from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. DA Davidson set a $102.00 price target on shares of Everus Construction Group in a research note on Thursday, November 6th. Wall Street Zen raised shares of Everus Construction Group from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Zacks Research raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Everus Construction Group currently has a consensus rating of “Moderate Buy” and an average target price of $100.33.

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.