Everus Construction Group, Inc. (NYSE:ECG) Given Average Rating of “Hold” by Brokerages

Shares of Everus Construction Group, Inc. (NYSE:ECG) have been given an average recommendation of “Hold” by the nine research firms that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $155.6667.

Several equities analysts recently issued reports on the stock. DA Davidson reissued a “neutral” rating and set a $102.00 price target on shares of Everus Construction Group in a report on Wednesday, February 25th. Glj Research started coverage on shares of Everus Construction Group in a report on Monday, April 20th. They set a “hold” rating and a $141.00 price objective for the company. Stifel Nicolaus set a $172.00 target price on shares of Everus Construction Group in a research note on Friday, May 8th. Cantor Fitzgerald boosted their target price on Everus Construction Group from $115.00 to $174.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, Zacks Research downgraded Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th.

Everus Construction Group Stock Down 0.1%

Shares of NYSE ECG opened at $148.70 on Monday. The stock has a market cap of $7.59 billion, a PE ratio of 34.11 and a beta of 2.33. The business has a fifty day moving average of $143.71 and a two-hundred day moving average of $115.12. Everus Construction Group has a 52-week low of $58.00 and a 52-week high of $171.58. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.71 and a current ratio of 1.77.

Everus Construction Group (NYSE:ECG) last posted its earnings results on Tuesday, May 5th. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.33. The business had revenue of $1.04 billion for 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 quarter in the prior year, the firm earned $0.72 EPS. As a group, equities research analysts expect that Everus Construction Group will post 4.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Everus Construction Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP grew its holdings in shares of Everus Construction Group by 39.7% during the first quarter. Wasatch Advisors LP now owns 3,017,249 shares of the company’s stock worth $356,216,000 after purchasing an additional 856,912 shares during the last quarter. Capital International Investors bought a new position in shares of Everus Construction Group in the third quarter valued at about $165,993,000. Invesco Ltd. lifted its position in Everus Construction Group by 86.4% during the 3rd quarter. Invesco Ltd. now owns 1,795,730 shares of the company’s stock worth $153,984,000 after buying an additional 832,389 shares in the last quarter. Alliancebernstein L.P. lifted its position in Everus Construction Group by 5.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,350,871 shares of the company’s stock worth $85,821,000 after buying an additional 72,775 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in Everus Construction Group by 109.9% during the 1st quarter. First Trust Advisors LP now owns 1,280,916 shares of the company’s stock worth $151,225,000 after acquiring an additional 670,646 shares during the last quarter.

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. Everus Construction Group is based in BISMARCK, N.D.