Everus Construction Group, Inc. (NYSE:ECG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Everus Construction Group, Inc. (NYSE:ECG) have been given a consensus rating of “Moderate Buy” by the nine analysts that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $169.50.

Several research analysts have recently commented on the company. Zacks Research raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 25th. Cantor Fitzgerald dropped their price target on Everus Construction Group from $174.00 to $152.00 and set a “neutral” rating for the company in a report on Thursday, August 13th. Stifel Nicolaus set a $172.00 price objective on Everus Construction Group in a research note on Friday, May 8th. Freedom Capital raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Finally, DA Davidson assumed coverage on Everus Construction Group in a report on Friday, August 21st. They set a “buy” rating and a $168.00 target price on the stock.

Everus Construction Group Trading Up 1.9%

Shares of ECG stock opened at $117.29 on Friday. Everus Construction Group has a 12-month low of $73.00 and a 12-month high of $171.58. The company has a market capitalization of $5.99 billion, a P/E ratio of 23.60 and a beta of 2.28. The firm has a 50-day moving average price of $131.76 and a 200 day moving average price of $133.79. The company has a quick ratio of 1.53, a current ratio of 1.59 and a debt-to-equity ratio of 0.34.

Everus Construction Group (NYSE:ECG) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.50. The firm 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%. The company’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 earnings per share. Research analysts forecast that Everus Construction Group will post 5.25 earnings per share for the current fiscal year.

Insider Transactions at Everus Construction Group

In related news, Director David Sparby purchased 1,000 shares of Everus Construction Group stock in a transaction that occurred on Monday, August 17th. The shares were acquired at an average price of $144.95 per share, for a total transaction of $144,950.00. Following the transaction, the director directly owned 19,658 shares in the company, valued at approximately $2,849,427.10. This represents a 5.36% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Paul Sanderson sold 3,300 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $136.69, for a total transaction of $451,077.00. Following the sale, the vice president directly owned 18,950 shares in the company, valued at approximately $2,590,275.50. This represents a 14.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in shares of Everus Construction Group by 155.0% in the 1st quarter. Royal Bank of Canada now owns 48,839 shares of the company’s stock valued at $1,811,000 after buying an additional 29,689 shares during the period. Millennium Management LLC raised its position in shares of Everus Construction Group by 42.7% during the first quarter. Millennium Management LLC now owns 244,421 shares of the company’s stock worth $9,066,000 after acquiring an additional 73,128 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Everus Construction Group by 74.4% during the first quarter. Goldman Sachs Group Inc. now owns 178,790 shares of the company’s stock valued at $6,631,000 after acquiring an additional 76,252 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Everus Construction Group by 33.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 140,397 shares of the company’s stock valued at $5,207,000 after acquiring an additional 34,868 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of Everus Construction Group by 184.4% during the first quarter. Jane Street Group LLC now owns 71,323 shares of the company’s stock valued at $2,645,000 after acquiring an additional 46,247 shares during the period.

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.