Cetera Investment Advisers Increases Stock Holdings in Everus Construction Group, Inc. $ECG

Cetera Investment Advisers raised its holdings in Everus Construction Group, Inc. (NYSE:ECG) by 47.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,349 shares of the company’s stock after purchasing an additional 11,745 shares during the period. Cetera Investment Advisers’ holdings in Everus Construction Group were worth $4,291,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ECG. Parallel Advisors LLC raised its holdings in shares of Everus Construction Group by 6.7% in the first quarter. Parallel Advisors LLC now owns 1,200 shares of the company’s stock worth $142,000 after acquiring an additional 75 shares during the last quarter. Root Financial Partners LLC lifted its position in shares of Everus Construction Group by 126.0% in the first quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock valued at $26,000 after acquiring an additional 121 shares in the last quarter. Maryland State Retirement & Pension System boosted its stake in shares of Everus Construction Group by 1.4% during the fourth quarter. Maryland State Retirement & Pension System now owns 10,379 shares of the company’s stock valued at $888,000 after acquiring an additional 146 shares during the last quarter. DMKC Advisory Services LLC boosted its stake in shares of Everus Construction Group by 4.2% during the fourth quarter. DMKC Advisory Services LLC now owns 3,762 shares of the company’s stock valued at $322,000 after acquiring an additional 150 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in Everus Construction Group by 105.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock worth $25,000 after purchasing an additional 198 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. 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 started coverage on Everus Construction Group in a report on Thursday, May 28th. They issued an “outperform” rating and a $185.00 price target for the company. Stifel Nicolaus set a $172.00 price objective on Everus Construction Group in a report on Friday, May 8th. Guggenheim raised Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Thursday, April 30th. Finally, Zacks Research downgraded Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Everus Construction Group currently has an average rating of “Hold” and an average price target of $155.67.

Everus Construction Group Stock Up 2.5%

Shares of NYSE:ECG opened at $136.00 on Wednesday. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 31.19 and a beta of 2.37. The company has a 50 day moving average of $143.44 and a two-hundred day moving average of $128.68. Everus Construction Group, Inc. has a 52-week low of $69.61 and a 52-week high of $171.58. 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 (NYSE:ECG) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.50. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.08 billion. Everus Construction Group had a return on equity of 37.17% and a net margin of 5.65%.Everus Construction Group’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 EPS. As a group, analysts forecast that Everus Construction Group, Inc. will post 4.39 earnings per share for the current fiscal year.

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.