John G Ullman & Associates Inc. Reduces Holdings in Everus Construction Group, Inc. $ECG

John G Ullman & Associates Inc. reduced its stake in shares of Everus Construction Group, Inc. (NYSE:ECG) by 5.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 76,542 shares of the company’s stock after selling 4,405 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Everus Construction Group were worth $6,549,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Nordea Investment Management AB acquired a new position in Everus Construction Group during the 4th quarter valued at about $4,431,000. Capital International Investors acquired a new position in Everus Construction Group during the 3rd quarter valued at about $165,993,000. Range Financial Group LLC acquired a new position in Everus Construction Group during the 4th quarter valued at about $1,146,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Everus Construction Group by 1,049.4% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 60,748 shares of the company’s stock valued at $5,209,000 after purchasing an additional 55,463 shares during the period. Finally, Public Sector Pension Investment Board boosted its stake in Everus Construction Group by 14.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 198,991 shares of the company’s stock valued at $17,063,000 after purchasing an additional 25,140 shares during the period.

Everus Construction Group Stock Down 2.7%

ECG stock opened at $156.84 on Friday. Everus Construction Group, Inc. has a 52 week low of $55.31 and a 52 week high of $171.58. The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 35.97 and a beta of 2.55. The firm’s 50-day moving average is $130.66 and its two-hundred day moving average is $106.88. 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 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 net margin of 5.65% and a return on equity of 37.17%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $933.81 million. During the same period in the previous year, the firm earned $0.72 EPS. Everus Construction Group’s revenue was up 25.4% on a year-over-year basis. On average, analysts forecast that Everus Construction Group, Inc. will post 4.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ECG shares. Weiss Ratings raised shares of Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Oppenheimer boosted their price target on shares of Everus Construction Group from $120.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Zacks Research downgraded shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen downgraded shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Guggenheim upgraded shares of Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Thursday, April 30th. 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 a consensus rating of “Hold” and a consensus price target of $154.83.

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.