Everus Construction Group, Inc. (NYSE:ECG) Stock Has Average Price Target of $154.17

Everus Construction Group, Inc. (NYSE:ECG) has received an average rating of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $154.17.

ECG has been the topic of a number of research reports. Freedom Capital upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Wall Street Zen raised shares of Everus Construction Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 7th. Oppenheimer reduced their target price on shares of Everus Construction Group from $200.00 to $170.00 and set an “outperform” rating on the stock in a report on Thursday, November 5th. Guggenheim upped their price target on shares of Everus Construction Group from $160.00 to $184.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Zacks Research raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 6th.

Everus Construction Group Stock Performance

ECG traded down $1.71 during trading on Thursday, hitting $85.46. The stock had a trading volume of 603,085 shares, compared to its average volume of 995,959. Everus Construction Group has a twelve month low of $70.44 and a twelve month high of $171.58. The firm has a market capitalization of $4.36 billion, a P/E ratio of 15.13 and a beta of 2.36. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.48 and a current ratio of 1.53. The company’s 50-day moving average price is $108.67 and its 200 day moving average price is $125.06.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.31 by $0.48. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.19 billion. Everus Construction Group had a return on equity of 39.18% and a net margin of 6.20%. The company’s quarterly revenue was up 40.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.11 EPS. On average, equities research analysts forecast that Everus Construction Group will post 6.16 EPS for the current fiscal year.

Insider Transactions at Everus Construction Group

In other Everus Construction Group news, Director David Sparby purchased 1,000 shares of the stock in a transaction dated Monday, August 17th. The shares were bought at an average cost of $144.95 per share, with a total value of $144,950.00. Following the completion of the acquisition, the director owned 19,658 shares of the company’s stock, valued at approximately $2,849,427.10. This trade represents a 5.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares 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. First Trust Advisors LP increased its stake 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 valued at $151,225,000 after purchasing an additional 670,646 shares during the last quarter. De Lisle Partners LLP acquired a new stake in shares of Everus Construction Group in the 2nd quarter valued at approximately $59,936,000. Bank of New York Mellon Corp acquired a new position in shares of Everus Construction Group during the second quarter worth $46,211,000. Finally, Bank of America Corp DE acquired a new stake in shares of Everus Construction Group during the 2nd quarter valued at $39,784,000.

About Everus Construction Group

Everus Construction Group provides construction services for commercial, industrial, institutional and utility customers. Its work includes electrical and mechanical construction, fire protection, and the building and maintenance of infrastructure for energy and utility systems. The company also performs utility and civil construction, including work on electric transmission and distribution lines, underground utilities, pipelines, water and sewer systems, and transportation-related infrastructure.