41,632 Shares in Everus Construction Group, Inc. $ECG Purchased by EFG International AG

EFG International AG purchased a new position in shares of Everus Construction Group, Inc. (NYSE:ECG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 41,632 shares of the company’s stock, valued at approximately $6,909,000.

Other institutional investors also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new position in shares of Everus Construction Group during the 2nd quarter worth approximately $28,000. Root Financial Partners LLC grew its stake in Everus Construction Group by 126.0% in the 1st quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock valued at $26,000 after acquiring an additional 121 shares during the period. Jones Financial Companies Lllp acquired a new stake in Everus Construction Group in the 2nd quarter valued at $36,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Everus Construction Group in the 2nd quarter worth $58,000. Finally, Geneos Wealth Management Inc. increased its holdings in Everus Construction Group by 105.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock worth $25,000 after acquiring an additional 198 shares in the last quarter.

Everus Construction Group Stock Down 2.1%

Shares of ECG opened at $117.97 on Wednesday. The stock has a 50 day moving average price of $138.48 and a 200 day moving average price of $133.06. Everus Construction Group, Inc. has a one year low of $73.00 and a one year high of $171.58. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.53 and a current ratio of 1.59. The stock has a market capitalization of $6.02 billion, a price-to-earnings ratio of 23.74 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 for the quarter, beating analysts’ consensus estimates of $1.14 by $0.50. Everus Construction Group had a return on equity of 38.22% and a net margin of 5.96%.The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the firm posted $1.03 EPS. The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. Equities research analysts forecast that Everus Construction Group, Inc. will post 5.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ECG has been the topic of several recent analyst reports. Guggenheim increased their price objective on shares of Everus Construction Group from $160.00 to $184.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Cantor Fitzgerald cut their target price on shares of Everus Construction Group from $174.00 to $152.00 and set a “neutral” rating for the company in a research note on Thursday, August 13th. Stifel Nicolaus set a $172.00 target price on shares of Everus Construction Group in a research note on Friday, May 8th. Oppenheimer restated an “outperform” rating and set a $200.00 price target on shares of Everus Construction Group in a research report on Thursday, August 6th. Finally, Zacks Research lowered shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $169.50.

Insider Transactions at Everus Construction Group

In other news, VP Paul R. Sanderson sold 3,300 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $136.69, for a total value of $451,077.00. Following the transaction, the vice president directly owned 18,950 shares of the company’s stock, valued at approximately $2,590,275.50. This trade represents a 14.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director David M. Sparby purchased 1,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was acquired at an average cost of $144.95 per share, for a total transaction of $144,950.00. Following the completion of the purchase, the director owned 19,658 shares of the company’s stock, valued at approximately $2,849,427.10. This represents a 5.36% increase in their position. The SEC filing for this purchase provides additional information. 0.33% of the stock is owned by corporate insiders.

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.