Royce & Associates LP Takes $5.03 Million Position in Everus Construction Group, Inc. $ECG

Royce & Associates LP acquired a new stake in Everus Construction Group, Inc. (NYSE:ECG) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 58,805 shares of the company’s stock, valued at approximately $5,031,000. Royce & Associates LP owned about 0.12% of Everus Construction Group as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of ECG. Geneos Wealth Management Inc. boosted its stake in shares of Everus Construction Group by 105.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after purchasing an additional 198 shares during the last quarter. Sound Income Strategies LLC bought a new stake in shares of Everus Construction Group in the 4th quarter valued at $28,000. Bessemer Group Inc. boosted its stake in shares of Everus Construction Group by 68.2% in the 3rd quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock valued at $29,000 after purchasing an additional 137 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in Everus Construction Group during the fourth quarter worth $30,000. Finally, Signaturefd LLC boosted its stake in Everus Construction Group by 103.1% during the fourth quarter. Signaturefd LLC now owns 721 shares of the company’s stock worth $62,000 after acquiring an additional 366 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts recently issued reports on ECG shares. Cantor Fitzgerald increased their target price on shares of Everus Construction Group from $115.00 to $174.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Stifel Nicolaus set a $172.00 target price on shares of Everus Construction Group in a research note on Friday, May 8th. Guggenheim raised shares of Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Thursday, April 30th. Wall Street Zen lowered shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Oppenheimer started coverage on shares of Everus Construction Group in a research note on Thursday. They set an “outperform” rating and a $185.00 target price on the stock. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $155.67.

Everus Construction Group Stock Down 2.0%

Shares of NYSE ECG opened at $148.54 on Friday. The firm has a market cap of $7.58 billion, a PE ratio of 34.07 and a beta of 2.55. Everus Construction Group, Inc. has a 12-month low of $56.10 and a 12-month high of $171.58. The company’s fifty day simple moving average is $137.65 and its 200 day simple moving average is $110.88. The company has a quick ratio of 1.71, a current ratio of 1.77 and a debt-to-equity ratio of 0.38.

Everus Construction Group (NYSE:ECG) last issued its earnings results on Tuesday, May 5th. The company reported $1.14 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $933.81 million. During the same period in the prior year, the firm earned $0.72 earnings per share. Everus Construction Group’s revenue was up 25.4% on a year-over-year basis. As a group, sell-side analysts forecast that Everus Construction Group, Inc. will post 4.24 earnings per share for the current fiscal 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. Everus Construction Group is based in BISMARCK, N.D.