Jackson Creek Investment Advisors LLC Takes Position in Everus Construction Group, Inc. $ECG

Jackson Creek Investment Advisors LLC acquired a new stake in shares of Everus Construction Group, Inc. (NYSE:ECG) during the fourth quarter, Holdings Channel reports. The fund acquired 4,589 shares of the company’s stock, valued at approximately $393,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB bought a new position in shares of Everus Construction Group during the fourth quarter valued at about $4,431,000. Capital International Investors bought a new position in shares of Everus Construction Group during the third quarter valued at about $165,993,000. Range Financial Group LLC bought a new position in shares of Everus Construction Group during the fourth quarter valued at about $1,146,000. Public Sector Pension Investment Board grew its stake in shares of 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 valued at $17,063,000 after buying an additional 25,140 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Everus Construction Group by 88.6% during the third quarter. JPMorgan Chase & Co. now owns 104,881 shares of the company’s stock valued at $8,994,000 after buying an additional 49,279 shares during the last quarter.

Everus Construction Group Stock Down 0.1%

NYSE ECG opened at $151.35 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.77 and a quick ratio of 1.71. The stock has a market capitalization of $7.72 billion, a PE ratio of 34.71 and a beta of 2.55. Everus Construction Group, Inc. has a 1 year low of $56.10 and a 1 year high of $171.58. The business’s 50-day moving average is $136.99 and its 200 day moving average is $110.62.

Everus Construction Group (NYSE:ECG) last posted its earnings results 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. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations 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 period last year, the firm earned $0.72 earnings per share. Sell-side analysts forecast that Everus Construction Group, Inc. will post 4.39 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ECG. Zacks Research cut Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Oppenheimer began coverage on Everus Construction Group in a research note on Thursday. They set an “outperform” rating and a $185.00 price objective on the stock. Weiss Ratings raised Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Cantor Fitzgerald raised their price objective on Everus Construction Group from $115.00 to $174.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Finally, Freedom Capital cut Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $155.67.

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.