Yousif Capital Management LLC lifted its stake in shares of Everus Construction Group, Inc. (NYSE:ECG – Free Report) by 1.1% during the second quarter, HoldingsChannel.com reports. The firm owned 19,077 shares of the company’s stock after purchasing an additional 215 shares during the period. Yousif Capital Management LLC’s holdings in Everus Construction Group were worth $1,212,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in ECG. Westwood Holdings Group Inc. acquired a new position in shares of Everus Construction Group during the 1st quarter worth $75,089,000. Alliancebernstein L.P. grew its stake in shares of Everus Construction Group by 58.2% during the 1st quarter. Alliancebernstein L.P. now owns 1,278,096 shares of the company’s stock worth $47,405,000 after purchasing an additional 470,025 shares during the period. Swedbank AB acquired a new position in shares of Everus Construction Group during the 2nd quarter worth $19,059,000. Victory Capital Management Inc. grew its stake in shares of Everus Construction Group by 2,050.4% during the 1st quarter. Victory Capital Management Inc. now owns 260,752 shares of the company’s stock worth $9,671,000 after purchasing an additional 248,626 shares during the period. Finally, Rudius Management LP acquired a new position in shares of Everus Construction Group during the 1st quarter worth $7,520,000.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the stock. Zacks Research raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 14th. Stifel Nicolaus increased their price objective on shares of Everus Construction Group from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Wall Street Zen cut shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 14th. Oppenheimer set a $90.00 price objective on shares of Everus Construction Group and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Everus Construction Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.67.
Everus Construction Group Price Performance
Everus Construction Group stock opened at $91.13 on Tuesday. Everus Construction Group, Inc. has a 12-month low of $31.38 and a 12-month high of $91.72. The stock has a market capitalization of $4.65 billion and a P/E ratio of 28.13. The firm’s 50-day moving average is $80.42 and its two-hundred day moving average is $65.22. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 1.69.
Everus Construction Group (NYSE:ECG – Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.42. Everus Construction Group had a net margin of 5.07% and a return on equity of 35.83%. The company had revenue of $921.47 million for the quarter, compared to analysts’ expectations of $749.12 million. The firm’s quarterly revenue was up 31.0% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. Equities analysts predict that Everus Construction Group, Inc. will post 2.49 earnings per share for the current year.
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.
Further Reading
- Five stocks we like better than Everus Construction Group
- What is the Shanghai Stock Exchange Composite Index?
- Louis Vuitton Earnings Show Luxury Bull Market Isn’t Done Yet
- Market Cap Calculator: How to Calculate Market Cap
- 3 High-Yield Banks for Investors to Buy on the Dip
- How Can Investors Benefit From After-Hours Trading
- 5 Surprising Stocks Set to Benefit From a Future Robotics Boom
Want to see what other hedge funds are holding ECG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Everus Construction Group, Inc. (NYSE:ECG – Free Report).
Receive News & Ratings for Everus Construction Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everus Construction Group and related companies with MarketBeat.com's FREE daily email newsletter.