15,143 Shares in Everus Construction Group, Inc. $ECG Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new stake in Everus Construction Group, Inc. (NYSE:ECG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,143 shares of the company’s stock, valued at approximately $2,513,000.

Several other large investors have also bought and sold shares of ECG. Geneos Wealth Management Inc. lifted its holdings 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 buying an additional 198 shares during the period. Root Financial Partners LLC raised its position in shares of Everus Construction Group by 126.0% during the first quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock worth $26,000 after acquiring an additional 121 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of Everus Construction Group during the second quarter worth about $28,000. Jones Financial Companies Lllp acquired a new position in shares of Everus Construction Group in the second quarter worth approximately $36,000. Finally, McMillan Office Inc. acquired a new position in shares of Everus Construction Group in the fourth quarter worth approximately $43,000.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Zacks Research raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Everus Construction Group in a research report on Tuesday, August 4th. Stifel Nicolaus set a $172.00 price objective on shares of Everus Construction Group in a research note on Friday, May 8th. DA Davidson initiated coverage on shares of Everus Construction Group in a research note on Friday, August 21st. They issued a “buy” rating and a $168.00 price objective on the stock. Finally, Guggenheim increased their price objective on shares of Everus Construction Group from $160.00 to $184.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.50.

Insider Activity

In other news, VP Paul R. Sanderson sold 3,300 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $136.69, for a total transaction of $451,077.00. Following the transaction, the vice president owned 18,950 shares of the company’s stock, valued at $2,590,275.50. This represents a 14.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David M. Sparby bought 1,000 shares of Everus Construction Group stock in a transaction dated Monday, August 17th. The stock was purchased at an average price of $144.95 per share, with a total value of $144,950.00. Following the completion of the purchase, the director owned 19,658 shares in the company, valued at $2,849,427.10. This trade represents a 5.36% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.33% of the stock is currently owned by corporate insiders.

Everus Construction Group Trading Down 1.0%

Shares of ECG stock opened at $112.51 on Thursday. The stock has a 50 day simple moving average of $133.48 and a two-hundred day simple moving average of $133.83. The company has a market cap of $5.75 billion, a P/E ratio of 22.64 and a beta of 2.29. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.53 and a current ratio of 1.59. Everus Construction Group, Inc. has a fifty-two week low of $73.00 and a fifty-two week high of $171.58.

Everus Construction Group (NYSE:ECG) last issued its earnings results 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 business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.08 billion. Everus Construction Group had a net margin of 5.96% and a return on equity of 38.22%. Everus Construction Group’s revenue was up 33.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 earnings per share. Research analysts forecast that Everus Construction Group, Inc. will post 5.25 earnings per share for the current year.

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.