Advisors Asset Management Inc. Increases Stake in Everus Construction Group, Inc. $ECG

Advisors Asset Management Inc. grew its stake in shares of Everus Construction Group, Inc. (NYSE:ECG) by 6.0% in the second quarter, HoldingsChannel.com reports. The firm owned 32,266 shares of the company’s stock after buying an additional 1,830 shares during the quarter. Advisors Asset Management Inc.’s holdings in Everus Construction Group were worth $2,050,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ECG. Signaturefd LLC increased its stake 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. GHP Investment Advisors Inc. purchased a new stake in Everus Construction Group during the 2nd quarter valued at $37,000. Hilltop National Bank purchased a new position in shares of Everus Construction Group in the second quarter valued at about $41,000. GAMMA Investing LLC increased its position in shares of Everus Construction Group by 30.1% in the second quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock valued at $60,000 after acquiring an additional 217 shares during the period. Finally, Parallel Advisors LLC raised its stake in shares of Everus Construction Group by 64.4% during the second quarter. Parallel Advisors LLC now owns 1,080 shares of the company’s stock valued at $69,000 after acquiring an additional 423 shares during the last quarter.

Everus Construction Group Stock Up 1.4%

Shares of NYSE:ECG opened at $91.96 on Friday. The stock has a fifty day simple moving average of $88.06 and a two-hundred day simple moving average of $75.25. The stock has a market capitalization of $4.69 billion and a price-to-earnings ratio of 26.05. Everus Construction Group, Inc. has a 12-month low of $31.38 and a 12-month high of $103.08. The company has a current ratio of 1.76, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47.

Everus Construction Group (NYSE:ECG) last posted its earnings results on Tuesday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.49. The business had revenue of $986.82 million for the quarter, compared to analysts’ expectations of $830.60 million. Everus Construction Group had a net margin of 5.18% and a return on equity of 36.74%. The business’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 EPS. Everus Construction Group has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Everus Construction Group, Inc. will post 2.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on ECG shares. Wall Street Zen raised Everus Construction Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everus Construction Group in a research report on Wednesday, October 8th. Zacks Research upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 14th. Stifel Nicolaus boosted their target price on Everus Construction Group from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Finally, Oppenheimer restated an “outperform” rating and set a $105.00 target price on shares of Everus Construction Group in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $100.33.

About Everus Construction Group

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.