Everus Construction Group, Inc. (NYSE:ECG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Everus Construction Group, Inc. (NYSE:ECG) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $162.1667.

ECG has been the subject of a number of research reports. Glj Research assumed 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 reaffirmed a “hold (c+)” rating on shares of Everus Construction Group in a research note on Tuesday. Guggenheim increased their price objective on Everus Construction Group from $160.00 to $184.00 and gave the stock a “buy” rating in a report on Thursday. Freedom Capital raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Finally, Stifel Nicolaus set a $172.00 target price on Everus Construction Group in a research note on Friday, May 8th.

Institutional Investors Weigh In On Everus Construction Group

Several institutional investors have recently made changes to their positions in ECG. BlackRock Inc. acquired a new position in Everus Construction Group in the second quarter worth approximately $1,094,243,000. Wasatch Advisors LP lifted its stake in Everus Construction Group by 39.7% in the first quarter. Wasatch Advisors LP now owns 3,017,249 shares of the company’s stock valued at $356,216,000 after acquiring an additional 856,912 shares during the last quarter. Invesco Ltd. lifted its stake in Everus Construction Group by 86.4% in the third quarter. Invesco Ltd. now owns 1,795,730 shares of the company’s stock valued at $153,984,000 after acquiring an additional 832,389 shares during the last quarter. Alliancebernstein L.P. grew its position in Everus Construction Group by 5.7% in the second quarter. Alliancebernstein L.P. now owns 1,350,871 shares of the company’s stock worth $85,821,000 after acquiring an additional 72,775 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Everus Construction Group by 109.9% in the first quarter. First Trust Advisors LP now owns 1,280,916 shares of the company’s stock worth $151,225,000 after acquiring an additional 670,646 shares in the last quarter.

Everus Construction Group Price Performance

NYSE ECG opened at $137.17 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.59 and a quick ratio of 1.71. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of 27.60 and a beta of 2.37. The company has a 50 day simple moving average of $142.74 and a 200-day simple moving average of $129.42. Everus Construction Group has a 52-week low of $69.61 and a 52-week high of $171.58.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.50. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.08 billion. Everus Construction Group had a net margin of 5.96% and a return on equity of 38.22%. The firm’s revenue was up 33.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 earnings per share. Equities research analysts predict that Everus Construction Group will post 4.75 earnings per share for the current fiscal year.

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.