GSA Capital Partners LLP Purchases New Holdings in Everus Construction Group, Inc. $ECG

GSA Capital Partners LLP acquired a new stake in Everus Construction Group, Inc. (NYSE:ECG) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,803 shares of the company’s stock, valued at approximately $924,000.

Other large investors also recently modified their holdings of the company. Nordea Investment Management AB bought a new stake in Everus Construction Group during the 4th quarter worth approximately $4,431,000. Capital International Investors bought a new stake in Everus Construction Group during the 3rd quarter worth approximately $165,993,000. Range Financial Group LLC bought a new stake in Everus Construction Group during the 4th quarter worth approximately $1,146,000. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Everus Construction Group by 1,049.4% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 60,748 shares of the company’s stock worth $5,209,000 after acquiring an additional 55,463 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its position in Everus Construction Group by 14.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 198,991 shares of the company’s stock worth $17,063,000 after acquiring an additional 25,140 shares during the last quarter.

Everus Construction Group Trading Down 1.8%

Everus Construction Group stock opened at $148.06 on Friday. The stock has a 50-day simple moving average of $134.07 and a 200 day simple moving average of $108.89. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.71 and a current ratio of 1.77. The stock has a market capitalization of $7.56 billion, a P/E ratio of 33.96 and a beta of 2.55. Everus Construction Group, Inc. has a 52 week low of $56.10 and a 52 week high of $171.58.

Everus Construction Group (NYSE:ECG) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.33. Everus Construction Group had a net margin of 5.65% and a return on equity of 37.17%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $933.81 million. During the same period last year, the business posted $0.72 earnings per share. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. Analysts expect 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 research reports. Weiss Ratings raised Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Cantor Fitzgerald upped their price objective on Everus Construction Group from $115.00 to $174.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Zacks Research downgraded Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Stifel Nicolaus set a $172.00 price objective on Everus Construction Group in a report on Friday, May 8th. Finally, Glj Research initiated coverage on Everus Construction Group in a report on Monday, April 20th. They set a “hold” rating and a $141.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $154.83.

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.