Shares of Everus Construction Group, Inc. (NYSE:ECG – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $169.50.
ECG has been the topic of a number of analyst reports. Oppenheimer reissued an “outperform” rating and issued a $200.00 price target on shares of Everus Construction Group in a research note on Thursday, August 6th. Freedom Capital raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Weiss Ratings cut Everus Construction Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, September 9th. Cantor Fitzgerald lowered their price target on Everus Construction Group from $174.00 to $152.00 and set a “neutral” rating on the stock in a report on Thursday, August 13th. Finally, Zacks Research raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 25th.
View Our Latest Stock Report on ECG
Everus Construction Group Stock Performance
Everus Construction Group (NYSE:ECG – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.50. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Everus Construction Group had a net margin of 5.96% and a return on equity of 38.22%. The business’s revenue was up 33.7% on a year-over-year basis. During the same period last year, the firm posted $1.03 earnings per share. As a group, analysts anticipate that Everus Construction Group will post 5.25 EPS for the current year.
Insiders Place Their Bets
In other news, VP Paul Sanderson sold 3,300 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $136.69, for a total value of $451,077.00. Following the transaction, the vice president directly owned 18,950 shares of the company’s stock, valued at approximately $2,590,275.50. This represents a 14.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David Sparby acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were purchased at an average price of $144.95 per share, with a total value of $144,950.00. Following the completion of the acquisition, the director owned 19,658 shares of the company’s stock, valued at $2,849,427.10. This represents a 5.36% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.33% of the company’s stock.
Institutional Investors Weigh In On Everus Construction Group
Institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC raised its position in Everus Construction Group by 60.1% during the second quarter. Sequoia Financial Advisors LLC now owns 4,183 shares of the company’s stock valued at $694,000 after acquiring an additional 1,571 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Everus Construction Group by 3,682.9% during the 2nd quarter. Tidal Investments LLC now owns 67,827 shares of the company’s stock valued at $11,256,000 after purchasing an additional 66,034 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Everus Construction Group in the 2nd quarter valued at $247,000. NewEdge Advisors LLC lifted its stake in shares of Everus Construction Group by 3.2% in the 2nd quarter. NewEdge Advisors LLC now owns 22,504 shares of the company’s stock valued at $3,735,000 after purchasing an additional 702 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Everus Construction Group in the second quarter worth $399,000.
About Everus Construction Group
Everus Construction Group, Inc is a U.S.-based specialty contractor that provides electrical and mechanical construction services. The company supports utility, commercial, industrial, institutional, renewable energy and infrastructure customers through the design, installation, maintenance and repair of complex construction systems.
Its electrical capabilities include overhead and underground transmission and distribution, substations, power generation, communications infrastructure and renewable energy projects.
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