Gamco Investors INC. ET AL decreased its position in Everus Construction Group, Inc. (NYSE:ECG – Free Report) by 23.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 36,225 shares of the company’s stock after selling 11,319 shares during the period. Gamco Investors INC. ET AL owned about 0.07% of Everus Construction Group worth $4,277,000 as of its most recent filing with the SEC.
A number of other hedge funds have also added to or reduced their stakes in the business. Geneos Wealth Management Inc. increased its position in shares of Everus Construction Group by 105.3% in the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after acquiring an additional 198 shares during the last quarter. Root Financial Partners LLC raised its holdings in shares of Everus Construction Group by 126.0% in the 1st quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock valued at $26,000 after purchasing an additional 121 shares during the period. Sound Income Strategies LLC bought a new stake in Everus Construction Group in the fourth quarter valued at approximately $28,000. Flagship Harbor Advisors LLC acquired a new position in shares of Everus Construction Group in the fourth quarter valued at $30,000. Finally, McMillan Office Inc. acquired a new stake in shares of Everus Construction Group during the 4th quarter worth about $43,000.
Analysts Set New Price Targets
Several research analysts have recently commented on ECG shares. Zacks Research raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Monday, June 15th. Weiss Ratings raised shares of Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Guggenheim raised shares of Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 price target for the company in a report on Thursday, April 30th. Oppenheimer initiated coverage on shares of Everus Construction Group in a research report on Thursday, May 28th. They set an “outperform” rating and a $185.00 price target on the stock. Finally, Stifel Nicolaus set a $172.00 price objective on shares of Everus Construction Group in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.67.
Everus Construction Group Stock Down 2.1%
ECG stock opened at $127.27 on Tuesday. The stock has a market capitalization of $6.50 billion, a P/E ratio of 29.19 and a beta of 2.23. 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, Inc. has a 12 month low of $68.51 and a 12 month high of $171.58. The firm has a 50-day moving average price of $146.43 and a 200-day moving average price of $127.10.
Everus Construction Group (NYSE:ECG – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.33. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $933.81 million. Everus Construction Group had a net margin of 5.65% and a return on equity of 37.17%. The firm’s revenue was up 25.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 EPS. As a group, equities research analysts anticipate 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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