Paul Sanderson Sells 3,300 Shares of Everus Construction Group (NYSE:ECG) Stock

Everus Construction Group, Inc. (NYSE:ECG) VP Paul Sanderson sold 3,300 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $136.69, for a total value of $451,077.00. Following the sale, the vice president owned 18,950 shares of the company’s stock, valued at $2,590,275.50. This trade represents a 14.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Everus Construction Group Price Performance

Shares of NYSE ECG opened at $140.23 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.59 and a quick ratio of 1.53. The stock has a fifty day moving average price of $141.91 and a 200 day moving average price of $130.59. Everus Construction Group, Inc. has a 1-year low of $72.43 and a 1-year high of $171.58. The company has a market cap of $7.16 billion, a PE ratio of 28.22 and a beta of 2.37.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.50. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Everus Construction Group had a net margin of 5.96% and a return on equity of 38.22%. Everus Construction Group’s revenue was up 33.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS. Sell-side analysts forecast that Everus Construction Group, Inc. will post 5.23 EPS for the current year.

Institutional Trading of Everus Construction Group

A number of institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its holdings in shares of Everus Construction Group by 109.9% in 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 period. Fifth Third Bancorp raised its holdings in Everus Construction Group by 9,475.7% during the first quarter. Fifth Third Bancorp now owns 32,653 shares of the company’s stock worth $3,855,000 after purchasing an additional 32,312 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in Everus Construction Group by 120.8% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 51,474 shares of the company’s stock worth $4,404,000 after purchasing an additional 28,164 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Everus Construction Group during the fourth quarter worth $924,000. Finally, Jackson Creek Investment Advisors LLC acquired a new stake in Everus Construction Group in the fourth quarter valued at $393,000.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Everus Construction Group in a research note on Tuesday, August 4th. Zacks Research cut Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Guggenheim boosted their target price on Everus Construction Group from $160.00 to $184.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Freedom Capital raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Finally, Oppenheimer reissued an “outperform” rating and issued a $200.00 price target on shares of Everus Construction Group in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Everus Construction Group has an average rating of “Moderate Buy” and a consensus price target of $162.17.

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.