Quantbot Technologies LP Makes New $736,000 Investment in Everus Construction Group, Inc. $ECG

Quantbot Technologies LP acquired a new stake in Everus Construction Group, Inc. (NYSE:ECG) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 4,438 shares of the company’s stock, valued at approximately $736,000.

Other large investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Everus Construction Group during the 2nd quarter worth about $1,094,243,000. Wasatch Advisors LP bought a new position in Everus Construction Group in the 4th quarter valued at about $184,838,000. Northwestern Mutual Wealth Management Co. raised its holdings in Everus Construction Group by 147,209.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,260,973 shares of the company’s stock valued at $107,889,000 after acquiring an additional 1,260,117 shares during the period. Invesco Ltd. lifted its position in Everus Construction Group by 86.4% during the third quarter. Invesco Ltd. now owns 1,795,730 shares of the company’s stock worth $153,984,000 after acquiring an additional 832,389 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Everus Construction Group by 109.9% during the first 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 last quarter.

Analysts Set New Price Targets

Several equities analysts have recently commented on ECG shares. Zacks Research downgraded Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Guggenheim lifted their price target on Everus Construction Group from $160.00 to $184.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Oppenheimer reiterated an “outperform” rating and set a $200.00 price objective on shares of Everus Construction Group in a research report on Thursday, August 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Everus Construction Group in a report on Tuesday, August 4th. Finally, Freedom Capital raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $169.50.

Everus Construction Group Stock Performance

NYSE ECG opened at $121.40 on Thursday. The firm’s 50 day simple moving average is $137.83 and its 200 day simple moving average is $133.29. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 24.43 and a beta of 2.37. The company has a current ratio of 1.59, a quick ratio of 1.53 and a debt-to-equity ratio of 0.34. Everus Construction Group, Inc. has a 1 year low of $73.00 and a 1 year high of $171.58.

Everus Construction Group (NYSE:ECG) last released its earnings results on Tuesday, August 4th. The company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.50. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Everus Construction Group had a return on equity of 38.22% and a net margin of 5.96%.The company’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 earnings per share. As a group, research analysts expect that Everus Construction Group, Inc. will post 5.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Everus Construction Group

In other Everus Construction Group news, Director David M. Sparby bought 1,000 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were purchased at an average price of $144.95 per share, for a total transaction of $144,950.00. Following the completion of the transaction, the director directly owned 19,658 shares in the company, valued at approximately $2,849,427.10. The trade was a 5.36% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Paul R. Sanderson sold 3,300 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was 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. The trade was a 14.83% decrease in their position. The SEC filing for this sale provides additional information. 0.33% of the stock is owned by corporate insiders.

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.