Nixon Capital LLC Acquires 117,825 Shares of Everus Construction Group, Inc. $ECG

Nixon Capital LLC grew its holdings in shares of Everus Construction Group, Inc. (NYSE:ECG) by 60.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 313,236 shares of the company’s stock after acquiring an additional 117,825 shares during the quarter. Everus Construction Group comprises 4.0% of Nixon Capital LLC’s investment portfolio, making the stock its 13th largest position. Nixon Capital LLC’s holdings in Everus Construction Group were worth $11,618,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Tompkins Financial Corp bought a new stake in shares of Everus Construction Group during the 1st quarter valued at about $25,000. GAMMA Investing LLC lifted its position in Everus Construction Group by 295.6% in the 1st quarter. GAMMA Investing LLC now owns 720 shares of the company’s stock worth $27,000 after buying an additional 538 shares during the last quarter. Colonial Trust Co SC bought a new stake in Everus Construction Group in the 4th quarter worth approximately $50,000. Concord Wealth Partners bought a new stake in Everus Construction Group in the 1st quarter worth approximately $31,000. Finally, CoreCap Advisors LLC bought a new stake in Everus Construction Group in the 4th quarter worth approximately $58,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ECG shares. Oppenheimer boosted their target price on Everus Construction Group from $66.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, July 18th. Zacks Research upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 14th. DA Davidson lifted their price target on Everus Construction Group from $68.00 to $88.00 and gave the stock a “neutral” rating in a research note on Thursday, August 14th. Stifel Nicolaus lifted their price target on Everus Construction Group from $71.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Finally, Wall Street Zen raised Everus Construction Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.33.

Everus Construction Group Price Performance

ECG opened at $77.37 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.69 and a current ratio of 1.77. Everus Construction Group, Inc. has a 52-week low of $31.38 and a 52-week high of $90.00. The stock has a market capitalization of $3.95 billion and a PE ratio of 23.88. The stock’s 50 day moving average price is $71.79 and its 200-day moving average price is $55.42.

Everus Construction Group (NYSE:ECG) last posted its earnings results on Tuesday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.42. Everus Construction Group had a return on equity of 35.83% and a net margin of 5.07%.The firm had revenue of $921.47 million for the quarter, compared to analysts’ expectations of $749.12 million. Everus Construction Group’s revenue for the quarter was up 31.0% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Everus Construction Group, Inc. will post 2.49 EPS for the current year.

About Everus Construction Group

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.