Steadtrust LLC Takes Position in Everus Construction Group, Inc. $ECG

Steadtrust LLC purchased a new stake in Everus Construction Group, Inc. (NYSE:ECG) during the 4th quarter, Holdings Channel reports. The firm purchased 9,850 shares of the company’s stock, valued at approximately $843,000.

Several other large investors have also modified their holdings of the business. Capital International Investors acquired a new stake in Everus Construction Group during the third quarter worth approximately $165,993,000. Invesco Ltd. boosted its position in Everus Construction Group by 86.4% during the third quarter. Invesco Ltd. now owns 1,795,730 shares of the company’s stock worth $153,984,000 after acquiring an additional 832,389 shares during the last quarter. Merewether Investment Management LP acquired a new stake in Everus Construction Group during the third quarter worth approximately $24,842,000. Swedbank AB boosted its position in Everus Construction Group by 66.7% during the third quarter. Swedbank AB now owns 500,000 shares of the company’s stock worth $42,875,000 after acquiring an additional 200,000 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its position in Everus Construction Group by 61.7% during the third quarter. Handelsbanken Fonder AB now owns 424,800 shares of the company’s stock worth $36,427,000 after acquiring an additional 162,100 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. DA Davidson restated a “neutral” rating and set a $102.00 target price on shares of Everus Construction Group in a research report on Wednesday, February 25th. Wall Street Zen lowered shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Cantor Fitzgerald assumed coverage on shares of Everus Construction Group in a research report on Friday, January 23rd. They set a “neutral” rating and a $97.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Everus Construction Group in a research report on Thursday, January 22nd. Finally, Guggenheim initiated coverage on shares of Everus Construction Group in a research report on Thursday, January 22nd. They set a “neutral” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $102.75.

Everus Construction Group Trading Down 1.1%

ECG stock opened at $119.35 on Wednesday. The company has a market cap of $6.09 billion, a price-to-earnings ratio of 30.29 and a beta of 2.88. The company has a quick ratio of 1.70, a current ratio of 1.76 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $110.15 and a 200-day simple moving average of $96.42. Everus Construction Group, Inc. has a 52 week low of $34.36 and a 52 week high of $137.64.

Everus Construction Group (NYSE:ECG) last released its quarterly earnings data on Tuesday, February 24th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.36. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $879.57 million. Everus Construction Group had a return on equity of 37.06% and a net margin of 5.39%.The business’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 EPS. On average, equities research analysts expect that Everus Construction Group, Inc. will post 2.49 EPS for the current 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.