Everus Construction Group, Inc. (NYSE:ECG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Everus Construction Group, Inc. (NYSE:ECGGet Free Report) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $169.50.

ECG has been the topic of several analyst reports. Guggenheim lifted their price target on shares of Everus Construction Group from $160.00 to $184.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. DA Davidson began coverage on Everus Construction Group in a research note on Friday, August 21st. They issued a “buy” rating and a $168.00 price objective for the company. Stifel Nicolaus set a $172.00 target price on Everus Construction Group in a report on Friday, May 8th. Freedom Capital raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, Zacks Research upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 25th.

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Insider Transactions at Everus Construction Group

In related news, VP Paul R. Sanderson sold 3,300 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $136.69, for a total transaction of $451,077.00. Following the completion of the transaction, the vice president directly owned 18,950 shares in the company, valued at approximately $2,590,275.50. The trade was a 14.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David M. Sparby bought 1,000 shares of Everus Construction Group stock in a transaction that occurred on Monday, August 17th. The stock was purchased at an average cost of $144.95 per share, with a total value of $144,950.00. Following the completion of the acquisition, the director directly owned 19,658 shares in the company, valued at $2,849,427.10. This represents a 5.36% increase in their position. The SEC filing for this purchase provides additional information. 0.33% of the stock is owned by insiders.

Institutional Trading of Everus Construction Group

Several institutional investors and hedge funds have recently modified their holdings of ECG. First Trust Advisors LP raised its stake in Everus Construction Group by 109.9% during the 1st quarter. First Trust Advisors LP now owns 1,280,916 shares of the company’s stock valued at $151,225,000 after purchasing an additional 670,646 shares during the period. Fifth Third Bancorp grew its holdings in Everus Construction Group by 9,475.7% during the 1st quarter. Fifth Third Bancorp now owns 32,653 shares of the company’s stock valued at $3,855,000 after buying an additional 32,312 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Everus Construction Group by 120.8% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 51,474 shares of the company’s stock valued at $4,404,000 after buying an additional 28,164 shares during the last quarter. Jackson Creek Investment Advisors LLC bought a new stake in shares of Everus Construction Group during the fourth quarter valued at approximately $393,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Everus Construction Group in the fourth quarter worth $924,000.

Everus Construction Group Price Performance

Shares of NYSE:ECG opened at $112.51 on Friday. The firm’s 50 day moving average price is $133.48 and its 200-day moving average price is $133.83. Everus Construction Group has a twelve month low of $73.00 and a twelve month high of $171.58. The company has a quick ratio of 1.53, a current ratio of 1.59 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $5.75 billion, a PE ratio of 22.64 and a beta of 2.29.

Everus Construction Group (NYSE:ECGGet Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.50. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.08 billion. Everus Construction Group had a net margin of 5.96% and a return on equity of 38.22%. The firm’s revenue was up 33.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 earnings per share. Equities research analysts expect that Everus Construction Group will post 5.25 EPS for the current year.

Everus Construction Group Company Profile

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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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Analyst Recommendations for Everus Construction Group (NYSE:ECG)

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