Bessemer Group Inc. Buys 20,752 Shares of Everus Construction Group, Inc. $ECG

Bessemer Group Inc. increased its stake in shares of Everus Construction Group, Inc. (NYSE:ECG) by 51.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,312 shares of the company’s stock after purchasing an additional 20,752 shares during the period. Bessemer Group Inc.’s holdings in Everus Construction Group were worth $7,239,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Root Financial Partners LLC lifted its stake in Everus Construction Group by 126.0% in the first quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock valued at $26,000 after buying an additional 121 shares during the period. Sound Income Strategies LLC acquired a new position in shares of Everus Construction Group during the 4th quarter worth about $28,000. Flagship Harbor Advisors LLC acquired a new position in shares of Everus Construction Group during the 4th quarter worth about $30,000. Geneos Wealth Management Inc. increased its stake in shares of Everus Construction Group by 105.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after acquiring an additional 198 shares during the last quarter. Finally, McMillan Office Inc. bought a new stake in shares of Everus Construction Group in the 4th quarter valued at about $43,000.

Everus Construction Group Stock Up 0.6%

Shares of Everus Construction Group stock opened at $133.97 on Monday. Everus Construction Group, Inc. has a 1 year low of $65.27 and a 1 year high of $171.58. The business has a 50-day moving average of $149.45 and a two-hundred day moving average of $125.18. The company has a market capitalization of $6.84 billion, a P/E ratio of 30.73 and a beta of 2.23. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.77 and a quick ratio of 1.71.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ECG shares. Cantor Fitzgerald increased their price target on shares of Everus Construction Group from $115.00 to $174.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Guggenheim upgraded shares of Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a report on Thursday, April 30th. Freedom Capital downgraded shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Oppenheimer assumed coverage on shares of Everus Construction Group in a report on Thursday, May 28th. They issued an “outperform” rating and a $185.00 target price on the stock. Finally, Stifel Nicolaus set a $172.00 price target on shares of Everus Construction Group in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Everus Construction Group presently has an average rating of “Moderate Buy” and an average 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.