Y Intercept Hong Kong Ltd Makes New $945,000 Investment in Everus Construction Group, Inc. $ECG

Y Intercept Hong Kong Ltd bought a new stake in shares of Everus Construction Group, Inc. (NYSE:ECG) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 11,016 shares of the company’s stock, valued at approximately $945,000.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ECG shares. DA Davidson set a $102.00 target price on Everus Construction Group in a research report on Thursday, November 6th. Stifel Nicolaus dropped their price objective on Everus Construction Group from $110.00 to $107.00 and set a “buy” rating on the stock in a report on Monday, January 26th. Wall Street Zen upgraded Everus Construction Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Cantor Fitzgerald initiated coverage on shares of Everus Construction Group in a research report on Friday, January 23rd. They set a “neutral” rating and a $97.00 price target for the company. Finally, Guggenheim began coverage on shares of Everus Construction Group in a report on Thursday, January 22nd. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $102.75.

Everus Construction Group Stock Performance

Shares of NYSE ECG opened at $88.49 on Monday. Everus Construction Group, Inc. has a 12-month low of $31.38 and a 12-month high of $103.08. The company has a market cap of $4.51 billion, a PE ratio of 25.07 and a beta of 3.84. The stock has a 50 day simple moving average of $90.08 and a 200-day simple moving average of $84.40. The company has a current ratio of 1.76, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47.

Everus Construction Group (NYSE:ECG) last announced its earnings results on Tuesday, November 4th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.49. Everus Construction Group had a return on equity of 36.74% and a net margin of 5.18%.The firm had revenue of $986.82 million for the quarter, compared to the consensus estimate of $830.60 million. During the same quarter in the previous year, the business earned $0.82 EPS. The firm’s revenue for the quarter was up 29.7% on a year-over-year basis. On average, equities research analysts forecast that Everus Construction Group, Inc. will post 2.49 EPS for the current 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.