Swedbank AB Has $30.80 Million Stock Holdings in Everus Construction Group, Inc. $ECG

Swedbank AB trimmed its holdings in Everus Construction Group, Inc. (NYSE:ECG) by 28.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 360,000 shares of the company’s stock after selling 140,000 shares during the period. Swedbank AB owned about 0.71% of Everus Construction Group worth $30,802,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Nordea Investment Management AB bought a new stake in shares of Everus Construction Group in the fourth quarter valued at about $4,431,000. Capital International Investors bought a new stake in shares of Everus Construction Group in the third quarter valued at about $165,993,000. Range Financial Group LLC bought a new stake in Everus Construction Group during the fourth quarter worth about $1,146,000. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Everus Construction Group by 1,049.4% during the third 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 in the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in Everus Construction Group by 14.5% during the third 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 in the last quarter.

Everus Construction Group Price Performance

Shares of NYSE ECG opened at $148.06 on Monday. The business’s 50 day moving average price is $134.07 and its two-hundred day moving average price is $109.02. The company has a market cap of $7.56 billion, a PE ratio of 33.96 and a beta of 2.55. The company has a quick ratio of 1.71, a current ratio of 1.77 and a debt-to-equity ratio of 0.38. Everus Construction Group, Inc. has a twelve month low of $56.10 and a twelve month high of $171.58.

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

Analysts Set New Price Targets

Several research firms recently issued reports on ECG. Zacks Research lowered Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings upgraded Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Oppenheimer upped their target price on Everus Construction Group from $120.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Glj Research assumed coverage on Everus Construction Group in a report on Monday, April 20th. They set a “hold” rating and a $141.00 target price on the stock. Finally, Guggenheim raised Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Thursday, April 30th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.