Sierra Summit Advisors LLC Invests $808,000 in Everus Construction Group, Inc. $ECG

Sierra Summit Advisors LLC bought a new position in Everus Construction Group, Inc. (NYSE:ECG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,443 shares of the company’s stock, valued at approximately $808,000.

Several other institutional investors and hedge funds have also made changes to their positions in ECG. Geneos Wealth Management Inc. boosted its stake in shares of Everus Construction Group by 105.3% in the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after purchasing an additional 198 shares during the period. Sound Income Strategies LLC purchased a new position in Everus Construction Group in the fourth quarter valued at about $28,000. Bessemer Group Inc. boosted its holdings in Everus Construction Group by 68.2% in the third quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock valued at $29,000 after purchasing an additional 137 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in Everus Construction Group during the 4th quarter valued at $30,000. Finally, Signaturefd LLC boosted its stake in Everus Construction Group by 103.1% during the 4th quarter. Signaturefd LLC now owns 721 shares of the company’s stock valued at $62,000 after acquiring an additional 366 shares during the last quarter.

Everus Construction Group Price Performance

Shares of NYSE:ECG opened at $150.91 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.71 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $133.46 and its 200-day moving average is $108.62. The firm has a market capitalization of $7.70 billion, a PE ratio of 34.61 and a beta of 2.55. Everus Construction Group, Inc. has a 1-year low of $55.31 and a 1-year high of $171.58.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.81 by $0.33. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $933.81 million. Everus Construction Group had a return on equity of 37.17% and a net margin of 5.65%.Everus Construction Group’s quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 EPS. Sell-side analysts predict that Everus Construction Group, Inc. will post 4.39 earnings per share for the current year.

Wall Street Analyst Weigh In

ECG has been the topic of several recent research reports. Wall Street Zen downgraded shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Glj Research assumed coverage on shares of Everus Construction Group in a report on Monday, April 20th. They set a “hold” rating and a $141.00 price target on the stock. Cantor Fitzgerald upped their price target on Everus Construction Group from $115.00 to $174.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Oppenheimer upped their price objective on shares of Everus Construction Group from $120.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, Freedom Capital lowered Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Everus Construction Group has an average rating of “Hold” and an average price target of $154.83.

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.