25,317 Shares in Everus Construction Group, Inc. $ECG Acquired by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. bought a new position in Everus Construction Group, Inc. (NYSE:ECG) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 25,317 shares of the company’s stock, valued at approximately $3,054,000.

Other large investors have also added to or reduced their stakes in the company. Wasatch Advisors LP raised its stake in Everus Construction Group by 39.7% during the 1st quarter. Wasatch Advisors LP now owns 3,017,249 shares of the company’s stock valued at $356,216,000 after buying an additional 856,912 shares during the last quarter. Capital International Investors bought a new stake in shares of Everus Construction Group in the third quarter worth $165,993,000. Invesco Ltd. grew its holdings in shares of Everus Construction Group by 86.4% in the third quarter. Invesco Ltd. now owns 1,795,730 shares of the company’s stock worth $153,984,000 after acquiring an additional 832,389 shares during the period. Alliancebernstein L.P. increased its position in Everus Construction Group by 5.7% during the second quarter. Alliancebernstein L.P. now owns 1,350,871 shares of the company’s stock valued at $85,821,000 after acquiring an additional 72,775 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in Everus Construction Group by 147,209.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,260,973 shares of the company’s stock valued at $107,889,000 after acquiring an additional 1,260,117 shares during the last quarter.

Everus Construction Group Price Performance

Shares of NYSE ECG traded down $11.05 during midday trading on Tuesday, reaching $132.81. The stock had a trading volume of 147,306 shares, compared to its average volume of 656,208. The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of 30.46 and a beta of 2.23. Everus Construction Group, Inc. has a 12-month low of $62.92 and a 12-month high of $171.58. The stock has a 50-day moving average of $152.07 and a 200-day moving average of $122.20. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.71 and a current ratio of 1.77.

Everus Construction Group (NYSE:ECG) last issued its earnings results on Tuesday, May 5th. The company reported $1.14 earnings per share 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 company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $933.81 million. During the same quarter in the prior year, the firm posted $0.72 EPS. Everus Construction Group’s quarterly revenue was up 25.4% compared to the same quarter last year. As a group, research analysts anticipate that Everus Construction Group, Inc. will post 4.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ECG. Cantor Fitzgerald raised their target price on Everus Construction Group from $115.00 to $174.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Freedom Capital lowered shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Oppenheimer initiated coverage on shares of Everus Construction Group in a research note on Thursday, May 28th. They issued an “outperform” rating and a $185.00 price objective on the stock. Stifel Nicolaus set a $172.00 price objective on shares of Everus Construction Group in a report on Friday, May 8th. Finally, Glj Research assumed coverage on shares of Everus Construction Group in a report on Monday, April 20th. They issued a “hold” rating and a $141.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $155.67.

Everus Construction Group Company 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.