Everus Construction Group (NYSE:ECG) Upgraded at Zacks Research

Everus Construction Group (NYSE:ECG) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research analysts have also issued reports on ECG. Weiss Ratings upgraded Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Glj Research initiated coverage on shares of Everus Construction Group in a report on Monday, April 20th. They issued a “hold” rating and a $141.00 price target for the company. 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 research report on Thursday, April 30th. Cantor Fitzgerald lifted their target price 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. Finally, Stifel Nicolaus set a $172.00 target price on shares of Everus Construction Group in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.67.

Everus Construction Group Price Performance

Shares of Everus Construction Group stock opened at $152.37 on Monday. The firm has a market cap of $7.78 billion, a PE ratio of 34.95 and a beta of 2.32. Everus Construction Group has a twelve month low of $58.00 and a twelve month high of $171.58. The company has a quick ratio of 1.71, a current ratio of 1.77 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average price of $144.92 and a 200 day moving average price of $116.04.

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, 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 the consensus estimate of $933.81 million. During the same quarter in the prior year, the business posted $0.72 earnings per share. Everus Construction Group’s revenue for the quarter was up 25.4% on a year-over-year basis. Sell-side analysts predict that Everus Construction Group will post 4.39 earnings per share for the current fiscal year.

Institutional Trading of Everus Construction Group

Several large investors have recently made changes to their positions in ECG. Royal Bank of Canada raised its stake in Everus Construction Group by 155.0% in the 1st quarter. Royal Bank of Canada now owns 48,839 shares of the company’s stock valued at $1,811,000 after purchasing an additional 29,689 shares during the last quarter. Millennium Management LLC lifted its holdings in Everus Construction Group by 42.7% in the 1st quarter. Millennium Management LLC now owns 244,421 shares of the company’s stock valued at $9,066,000 after purchasing an additional 73,128 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Everus Construction Group by 74.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 178,790 shares of the company’s stock worth $6,631,000 after purchasing an additional 76,252 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Everus Construction Group by 33.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 140,397 shares of the company’s stock worth $5,207,000 after purchasing an additional 34,868 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Everus Construction Group by 184.4% during the first quarter. Jane Street Group LLC now owns 71,323 shares of the company’s stock worth $2,645,000 after buying an additional 46,247 shares in 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.