Hudson Value Partners LLC Has $5.11 Million Stock Holdings in Everus Construction Group, Inc. $ECG

Hudson Value Partners LLC raised its holdings in Everus Construction Group, Inc. (NYSE:ECG) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,361 shares of the company’s stock after purchasing an additional 1,347 shares during the quarter. Everus Construction Group accounts for approximately 1.8% of Hudson Value Partners LLC’s investment portfolio, making the stock its 20th biggest position. Hudson Value Partners LLC owned about 0.16% of Everus Construction Group worth $5,105,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in shares of Everus Construction Group by 40.7% in the 1st quarter. Principal Financial Group Inc. now owns 347,556 shares of the company’s stock valued at $12,891,000 after acquiring an additional 100,551 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Everus Construction Group by 295.6% in the 1st quarter. GAMMA Investing LLC now owns 720 shares of the company’s stock valued at $27,000 after acquiring an additional 538 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Everus Construction Group in the 1st quarter valued at $716,000. Arizona State Retirement System bought a new position in shares of Everus Construction Group in the 1st quarter valued at $515,000. Finally, Bluefin Capital Management LLC bought a new position in shares of Everus Construction Group in the 1st quarter valued at $264,000.

Everus Construction Group Stock Performance

ECG stock opened at $82.81 on Thursday. The stock has a 50-day moving average price of $76.85 and a 200-day moving average price of $60.51. Everus Construction Group, Inc. has a 1-year low of $31.38 and a 1-year high of $90.00. The company has a current ratio of 1.77, a quick ratio of 1.69 and a debt-to-equity ratio of 0.53. The firm has a market cap of $4.22 billion and a PE ratio of 25.56.

Everus Construction Group (NYSE:ECG) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.42. Everus Construction Group had a return on equity of 35.83% and a net margin of 5.07%.The firm had revenue of $921.47 million during the quarter, compared to analyst estimates of $749.12 million. The firm’s revenue for the quarter was up 31.0% on a year-over-year basis. Everus Construction Group has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Everus Construction Group, Inc. will post 2.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ECG shares. Stifel Nicolaus increased their price target on Everus Construction Group from $83.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, September 11th. Wall Street Zen cut Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 14th. Zacks Research upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 14th. Oppenheimer raised their target price on Everus Construction Group from $66.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, July 18th. Finally, DA Davidson raised their target price on Everus Construction Group from $68.00 to $88.00 and gave the stock a “neutral” rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $82.00.

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.