Gamco Investors INC. ET AL Reduces Stock Position in Everus Construction Group, Inc. $ECG

Gamco Investors INC. ET AL reduced its holdings in Everus Construction Group, Inc. (NYSE:ECG) by 36.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,544 shares of the company’s stock after selling 27,247 shares during the period. Gamco Investors INC. ET AL owned approximately 0.09% of Everus Construction Group worth $4,068,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Sound Income Strategies LLC purchased a new position in shares of Everus Construction Group during the 4th quarter worth about $28,000. Bessemer Group Inc. lifted its holdings in Everus Construction Group by 68.2% during the 3rd quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock valued at $29,000 after buying an additional 137 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in Everus Construction Group during the 4th quarter valued at about $30,000. Geneos Wealth Management Inc. lifted its holdings in Everus Construction Group by 105.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after buying an additional 198 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in Everus Construction Group by 103.1% during the 4th quarter. Signaturefd LLC now owns 721 shares of the company’s stock valued at $62,000 after buying an additional 366 shares in the last quarter.

Everus Construction Group Trading Up 1.7%

Shares of Everus Construction Group stock opened at $148.75 on Thursday. 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, Inc. has a 12-month low of $55.31 and a 12-month high of $171.58. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of 34.12 and a beta of 2.55. The firm’s 50 day simple moving average is $132.76 and its two-hundred day simple moving average is $108.19.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on ECG. Wall Street Zen lowered shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Stifel Nicolaus set a $172.00 price objective on shares of Everus Construction Group in a report on Friday, May 8th. Oppenheimer lifted their price objective on shares of Everus Construction Group from $120.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Freedom Capital lowered shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings upgraded shares of Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Everus Construction Group has an average rating of “Hold” and a consensus price target of $154.83.

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.