Alps Advisors Inc. Acquires Shares of 5,800 Everus Construction Group, Inc. $ECG

Alps Advisors Inc. acquired a new position in Everus Construction Group, Inc. (NYSE:ECG) in the third quarter, HoldingsChannel reports. The institutional investor acquired 5,800 shares of the company’s stock, valued at approximately $497,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Everus Construction Group during the 2nd quarter worth approximately $273,000. State of New Jersey Common Pension Fund D acquired a new position in Everus Construction Group during the second quarter worth $2,085,000. Bank of Montreal Can raised its position in Everus Construction Group by 4.2% during the second quarter. Bank of Montreal Can now owns 14,079 shares of the company’s stock worth $894,000 after acquiring an additional 563 shares in the last quarter. Gabelli Funds LLC raised its position in Everus Construction Group by 178.8% during the second quarter. Gabelli Funds LLC now owns 94,437 shares of the company’s stock worth $6,000,000 after acquiring an additional 60,562 shares in the last quarter. Finally, Beacon Pointe Advisors LLC lifted its stake in Everus Construction Group by 6.2% in the second quarter. Beacon Pointe Advisors LLC now owns 163,121 shares of the company’s stock valued at $10,363,000 after acquiring an additional 9,499 shares during the last quarter.

Everus Construction Group Price Performance

Shares of NYSE ECG opened at $101.30 on Friday. The stock has a fifty day moving average of $90.89 and a 200-day moving average of $85.82. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.76. Everus Construction Group, Inc. has a fifty-two week low of $31.38 and a fifty-two week high of $105.52. The stock has a market cap of $5.17 billion, a PE ratio of 28.70 and a beta of 3.84.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ECG shares. DA Davidson set a $102.00 price target on Everus Construction Group in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Everus Construction Group in a report on Thursday, January 22nd. Cantor Fitzgerald initiated coverage on Everus Construction Group in a research note on Friday, January 23rd. They issued a “neutral” rating and a $97.00 price objective on the stock. Guggenheim began coverage on Everus Construction Group in a research note on Thursday, January 22nd. They issued a “neutral” rating for the company. Finally, Stifel Nicolaus reduced their price target on Everus Construction Group from $110.00 to $107.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $102.75.

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.