Arrowstreet Capital Limited Partnership Increases Stock Holdings in Everus Construction Group, Inc. $ECG

Arrowstreet Capital Limited Partnership boosted its stake in Everus Construction Group, Inc. (NYSE:ECGFree Report) by 22.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 109,759 shares of the company’s stock after purchasing an additional 20,033 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Everus Construction Group were worth $12,958,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Geneos Wealth Management Inc. grew its position in shares of Everus Construction Group by 105.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock worth $25,000 after buying an additional 198 shares during the period. Root Financial Partners LLC increased its stake 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 worth $26,000 after acquiring an additional 121 shares in the last quarter. Sound Income Strategies LLC purchased a new position in Everus Construction Group during the 4th quarter valued at about $28,000. Flagship Harbor Advisors LLC purchased a new position in Everus Construction Group during the 4th quarter valued at about $30,000. Finally, McMillan Office Inc. bought a new stake in Everus Construction Group during the fourth quarter worth about $43,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ECG shares. Oppenheimer initiated coverage on shares of Everus Construction Group in a report on Thursday, May 28th. They issued an “outperform” rating and a $185.00 price objective on the stock. Stifel Nicolaus set a $172.00 target price on shares of Everus Construction Group in a report on Friday, May 8th. Weiss Ratings raised Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Zacks Research downgraded Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Cantor Fitzgerald upped their price target on Everus Construction Group from $115.00 to $174.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $155.67.

Get Our Latest Stock Report on Everus Construction Group

Everus Construction Group Stock Up 2.0%

ECG opened at $125.39 on Friday. 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 1-year low of $68.51 and a 1-year high of $171.58. The company has a market capitalization of $6.40 billion, a PE ratio of 28.76 and a beta of 2.23. The firm’s 50 day simple moving average is $144.05 and its two-hundred day simple moving average is $127.70.

Everus Construction Group (NYSE:ECGGet Free Report) last released 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 business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $933.81 million. Everus Construction Group had a return on equity of 37.17% and a net margin of 5.65%.Everus Construction Group’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 earnings per share. As a group, equities analysts forecast that Everus Construction Group, Inc. will post 4.39 EPS for the current year.

Everus Construction Group Profile

(Free Report)

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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Institutional Ownership by Quarter for Everus Construction Group (NYSE:ECG)

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