Hennessy Advisors Inc. Lowers Stock Holdings in Everus Construction Group, Inc. $ECG

Hennessy Advisors Inc. lessened its holdings in Everus Construction Group, Inc. (NYSE:ECG) by 10.0% during the second quarter, Holdings Channel.com reports. The firm owned 394,375 shares of the company’s stock after selling 43,600 shares during the quarter. Hennessy Advisors Inc.’s holdings in Everus Construction Group were worth $25,055,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Westwood Holdings Group Inc. purchased a new stake in Everus Construction Group in the 1st quarter valued at approximately $75,089,000. Alliancebernstein L.P. boosted its holdings in Everus Construction Group by 58.2% in the 1st quarter. Alliancebernstein L.P. now owns 1,278,096 shares of the company’s stock valued at $47,405,000 after purchasing an additional 470,025 shares in the last quarter. Invesco Ltd. boosted its holdings in Everus Construction Group by 7.8% in the 1st quarter. Invesco Ltd. now owns 1,071,118 shares of the company’s stock valued at $39,728,000 after purchasing an additional 77,396 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Everus Construction Group by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 442,074 shares of the company’s stock valued at $16,397,000 after purchasing an additional 30,961 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Everus Construction Group by 60.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 416,192 shares of the company’s stock valued at $15,437,000 after purchasing an additional 156,966 shares in the last quarter.

Everus Construction Group Price Performance

ECG stock opened at $80.17 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.69 and a debt-to-equity ratio of 0.53. Everus Construction Group, Inc. has a 12-month low of $31.38 and a 12-month high of $90.00. The company has a market cap of $4.09 billion and a price-to-earnings ratio of 24.74. The firm has a 50 day moving average of $77.23 and a 200-day moving average of $61.10.

Everus Construction Group (NYSE:ECG) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $749.12 million. The firm’s quarterly revenue was up 31.0% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Everus Construction Group, Inc. will post 2.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ECG. DA Davidson lifted their price objective on Everus Construction Group from $68.00 to $88.00 and gave the company a “neutral” rating in a report on Thursday, August 14th. Wall Street Zen downgraded shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 14th. Zacks Research upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 14th. Oppenheimer lifted their price target on shares of Everus Construction Group from $66.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, July 18th. Finally, Stifel Nicolaus lifted their price target on shares of Everus Construction Group from $83.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Everus Construction Group has an average rating of “Moderate Buy” and an average price target of $82.00.

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.