Register Financial Advisors LLC Decreases Position in Everus Construction Group, Inc. $ECG

Register Financial Advisors LLC decreased its stake in Everus Construction Group, Inc. (NYSE:ECG) by 52.3% in the third quarter, Holdings Channel.com reports. The firm owned 25,597 shares of the company’s stock after selling 28,083 shares during the period. Register Financial Advisors LLC’s holdings in Everus Construction Group were worth $2,195,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ECG. Geneos Wealth Management Inc. lifted its stake in Everus Construction Group by 105.3% in the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock worth $25,000 after purchasing an additional 198 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Everus Construction Group by 91.6% in the second quarter. Signaturefd LLC now owns 435 shares of the company’s stock worth $28,000 after buying an additional 208 shares during the period. Country Trust Bank bought a new stake in shares of Everus Construction Group during the 2nd quarter worth approximately $31,000. Salomon & Ludwin LLC purchased a new position in Everus Construction Group during the 3rd quarter valued at $33,000. Finally, GHP Investment Advisors Inc. purchased a new position in Everus Construction Group during the 2nd quarter valued at $37,000.

Everus Construction Group Stock Down 0.9%

Shares of Everus Construction Group stock opened at $91.79 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.69. Everus Construction Group, Inc. has a 1 year low of $31.38 and a 1 year high of $103.08. The firm’s 50-day moving average is $89.38 and its two-hundred day moving average is $83.02. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 26.00 and a beta of 3.84.

Everus Construction Group (NYSE:ECG) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.62 by $0.49. Everus Construction Group had a net margin of 5.18% and a return on equity of 36.74%. The business had revenue of $986.82 million during the quarter, compared to analyst estimates of $830.60 million. During the same quarter in the previous year, the business posted $0.82 EPS. The company’s quarterly revenue was up 29.7% compared to the same quarter last year. As a group, research analysts expect that Everus Construction Group, Inc. will post 2.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ECG shares. Stifel Nicolaus lifted their target price on Everus Construction Group from $88.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Oppenheimer reiterated an “outperform” rating and set a $105.00 price objective on shares of Everus Construction Group in a report on Thursday, November 6th. Wall Street Zen raised shares of Everus Construction Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. DA Davidson set a $102.00 target price on shares of Everus Construction Group in a research report on Thursday, November 6th. Finally, Zacks Research downgraded shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $100.33.

Everus Construction Group 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.