John G Ullman & Associates Inc. Lowers Stake in Everus Construction Group, Inc. $ECG

John G Ullman & Associates Inc. lowered its holdings in shares of Everus Construction Group, Inc. (NYSE:ECG) by 11.3% during the 1st quarter, HoldingsChannel reports. The fund owned 67,874 shares of the company’s stock after selling 8,668 shares during the period. Everus Construction Group accounts for approximately 1.1% of John G Ullman & Associates Inc.’s portfolio, making the stock its 29th biggest holding. John G Ullman & Associates Inc.’s holdings in Everus Construction Group were worth $8,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Royal Bank of Canada increased its stake in shares of Everus Construction Group by 155.0% during the first quarter. Royal Bank of Canada now owns 48,839 shares of the company’s stock valued at $1,811,000 after purchasing an additional 29,689 shares in the last quarter. Millennium Management LLC boosted its position in shares of Everus Construction Group by 42.7% in the 1st quarter. Millennium Management LLC now owns 244,421 shares of the company’s stock worth $9,066,000 after purchasing an additional 73,128 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Everus Construction Group by 74.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 178,790 shares of the company’s stock worth $6,631,000 after buying an additional 76,252 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Everus Construction Group by 33.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 140,397 shares of the company’s stock worth $5,207,000 after buying an additional 34,868 shares during the last quarter. Finally, Jane Street Group LLC increased its position in Everus Construction Group by 184.4% during the 1st quarter. Jane Street Group LLC now owns 71,323 shares of the company’s stock valued at $2,645,000 after buying an additional 46,247 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ECG shares. Guggenheim upgraded Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Thursday, April 30th. Oppenheimer initiated coverage on Everus Construction Group in a research note on Thursday, May 28th. They issued an “outperform” rating and a $185.00 target price on the stock. Cantor Fitzgerald raised their price target on Everus Construction Group from $115.00 to $174.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Stifel Nicolaus set a $172.00 price target on Everus Construction Group in a report on Friday, May 8th. Finally, Weiss Ratings raised Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $155.67.

Everus Construction Group Trading Down 0.4%

Shares of NYSE ECG opened at $133.97 on Friday. The firm’s 50 day moving average price is $149.45 and its 200-day moving average price is $124.93. Everus Construction Group, Inc. has a 52-week low of $65.27 and a 52-week high of $171.58. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.71 and a current ratio of 1.77. The company has a market cap of $6.84 billion, a PE ratio of 30.73 and a beta of 2.23.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.33. Everus Construction Group had a net margin of 5.65% and a return on equity of 37.17%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $933.81 million. During the same quarter last year, the firm earned $0.72 earnings per share. The firm’s quarterly revenue was up 25.4% compared to the same quarter last year. On average, equities research analysts expect that Everus Construction Group, Inc. will post 4.39 EPS for the current fiscal year.

Everus Construction Group 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.