VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in Everus Construction Group, Inc. (NYSE:ECG – Free Report) by 151.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 11,774 shares of the company’s stock after acquiring an additional 7,100 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Everus Construction Group were worth $1,007,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Nordea Investment Management AB acquired a new position in shares of Everus Construction Group in the 4th quarter worth approximately $4,431,000. Capital International Investors acquired a new stake in Everus Construction Group during the 3rd quarter worth approximately $165,993,000. Range Financial Group LLC acquired a new stake in Everus Construction Group during the 4th quarter worth approximately $1,146,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Everus Construction Group by 1,049.4% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 60,748 shares of the company’s stock worth $5,209,000 after buying an additional 55,463 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its holdings in Everus Construction Group by 14.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 198,991 shares of the company’s stock worth $17,063,000 after buying an additional 25,140 shares in the last quarter.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on ECG shares. Weiss Ratings upgraded shares of Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Freedom Capital lowered shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Glj Research started coverage on shares of Everus Construction Group in a report on Monday, April 20th. They set a “hold” rating and a $141.00 target price on the stock. Zacks Research lowered shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Wall Street Zen lowered shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $154.83.
Everus Construction Group Price Performance
Shares of ECG opened at $156.84 on Friday. Everus Construction Group, Inc. has a twelve month low of $55.31 and a twelve month high of $171.58. The firm’s fifty day simple moving average is $130.66 and its 200-day simple moving average is $106.88. The firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of 35.97 and a beta of 2.55. The company has a current ratio of 1.77, a quick ratio of 1.71 and a debt-to-equity ratio of 0.38.
Everus Construction Group (NYSE:ECG – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the business earned $0.72 EPS. The company’s revenue was up 25.4% on a year-over-year basis. Equities analysts forecast that Everus Construction Group, Inc. will post 4.39 EPS 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.
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