Northwestern Mutual Wealth Management Co. Acquires 1,260,117 Shares of Everus Construction Group, Inc. $ECG

Northwestern Mutual Wealth Management Co. increased its holdings in Everus Construction Group, Inc. (NYSE:ECG) by 147,209.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,260,973 shares of the company’s stock after purchasing an additional 1,260,117 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 2.47% of Everus Construction Group worth $107,889,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund boosted its holdings in Everus Construction Group by 2.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 11,694 shares of the company’s stock worth $1,001,000 after purchasing an additional 235 shares in the last quarter. Summit Wealth Group LLC Co. bought a new stake in Everus Construction Group in the fourth quarter worth $329,000. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in Everus Construction Group by 151.9% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 11,774 shares of the company’s stock worth $1,007,000 after purchasing an additional 7,100 shares in the last quarter. Swiss Life Asset Management Ltd bought a new stake in Everus Construction Group in the fourth quarter worth $372,000. Finally, Sequoia Financial Advisors LLC bought a new stake in Everus Construction Group in the fourth quarter worth $222,000.

Everus Construction Group Stock Down 2.7%

ECG stock opened at $156.84 on Friday. Everus Construction Group, Inc. has a twelve month low of $55.31 and a twelve month high of $171.58. The company has a market cap of $8.01 billion, a PE ratio of 35.97 and a beta of 2.55. The business’s 50-day simple moving average is $130.66 and its 200 day simple moving average is $106.88. The company has a quick ratio of 1.71, a current ratio of 1.77 and a debt-to-equity ratio of 0.38.

Everus Construction Group (NYSE:ECG) last posted its quarterly 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. Everus Construction Group had a net margin of 5.65% and a return on equity of 37.17%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $933.81 million. During the same quarter in the prior year, the business posted $0.72 earnings per share. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. On average, research analysts anticipate that Everus Construction Group, Inc. will post 4.39 earnings per share for the current year.

Analyst Ratings Changes

ECG has been the subject of a number of recent research reports. DA Davidson reiterated a “neutral” rating and issued a $102.00 price objective on shares of Everus Construction Group in a report on Wednesday, February 25th. Stifel Nicolaus set a $172.00 price objective on shares of Everus Construction Group in a report on Friday, May 8th. 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. Zacks Research cut shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Glj Research began coverage on shares of Everus Construction Group in a report on Monday, April 20th. They set a “hold” rating and a $141.00 price target for the company. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Everus Construction Group currently has an average rating of “Hold” and an average 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.