Aster Capital Management DIFC Ltd Takes $608,000 Position in Everus Construction Group, Inc. $ECG

Aster Capital Management DIFC Ltd bought a new stake in shares of Everus Construction Group, Inc. (NYSE:ECG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 7,101 shares of the company’s stock, valued at approximately $608,000.

Several other hedge funds have also bought and sold shares of ECG. Wasatch Advisors LP bought a new stake in Everus Construction Group during the fourth quarter valued at approximately $184,838,000. Capital International Investors purchased a new position in shares of Everus Construction Group in the third quarter worth $165,993,000. Northwestern Mutual Wealth Management Co. boosted its stake in Everus Construction Group by 147,209.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,260,973 shares of the company’s stock worth $107,889,000 after purchasing an additional 1,260,117 shares in the last quarter. Invesco Ltd. boosted its stake in Everus Construction Group by 86.4% in the 3rd quarter. Invesco Ltd. now owns 1,795,730 shares of the company’s stock worth $153,984,000 after purchasing an additional 832,389 shares in the last quarter. Finally, Merewether Investment Management LP bought a new position in Everus Construction Group in the 3rd quarter worth about $24,842,000.

Everus Construction Group Trading Up 5.1%

Everus Construction Group stock opened at $156.43 on Tuesday. The firm has a 50 day moving average of $144.36 and a 200 day moving average of $115.61. The firm has a market capitalization of $7.98 billion, a price-to-earnings ratio of 35.88 and a beta of 2.33. Everus Construction Group, Inc. has a 12-month low of $58.00 and a 12-month high of $171.58. The company has a current ratio of 1.77, a quick ratio of 1.71 and a debt-to-equity ratio of 0.38.

Everus Construction Group (NYSE:ECG) last released its earnings results on Tuesday, May 5th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.33. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $933.81 million. Everus Construction Group had a net margin of 5.65% and a return on equity of 37.17%. The firm’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 EPS. As a group, research analysts predict that Everus Construction Group, Inc. will post 4.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Cantor Fitzgerald upped their price target on shares of Everus Construction Group from $115.00 to $174.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Stifel Nicolaus set a $172.00 price target on shares of Everus Construction Group in a research note on Friday, May 8th. Zacks Research cut shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Guggenheim upgraded shares of Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Thursday, April 30th. Finally, Oppenheimer began coverage on shares of Everus Construction Group in a research note on Thursday, May 28th. They set an “outperform” rating and a $185.00 target price on the stock. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $155.67.

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.