Everus Construction Group, Inc. $ECG Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in shares of Everus Construction Group, Inc. (NYSE:ECG) by 53.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 714,488 shares of the company’s stock after selling 816,877 shares during the quarter. Victory Capital Management Inc. owned about 1.40% of Everus Construction Group worth $61,267,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ECG. Bank of Montreal Can lifted its position in shares of Everus Construction Group by 4.2% during the second quarter. Bank of Montreal Can now owns 14,079 shares of the company’s stock worth $894,000 after purchasing an additional 563 shares in the last quarter. Gabelli Funds LLC grew its stake in Everus Construction Group by 178.8% during the 2nd quarter. Gabelli Funds LLC now owns 94,437 shares of the company’s stock worth $6,000,000 after buying an additional 60,562 shares during the last quarter. Beacon Pointe Advisors LLC grew its position in Everus Construction Group by 6.2% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 163,121 shares of the company’s stock valued at $10,363,000 after buying an additional 9,499 shares during the last quarter. Frontier Capital Management Co. LLC grew its position in Everus Construction Group by 4.5% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 547,056 shares of the company’s stock valued at $34,754,000 after buying an additional 23,716 shares during the last quarter. Finally, AXQ Capital LP acquired a new position in Everus Construction Group in the 2nd quarter valued at $435,000.

Analysts Set New Price Targets

Several equities analysts have issued reports on ECG shares. DA Davidson reissued a “neutral” rating and issued a $102.00 price objective on shares of Everus Construction Group in a research note on Wednesday, February 25th. Guggenheim began coverage on Everus Construction Group in a report on Thursday, January 22nd. They issued a “neutral” rating on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Everus Construction Group in a research report on Thursday, January 22nd. Zacks Research upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Finally, Wall Street Zen lowered shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $102.75.

Everus Construction Group Trading Down 1.3%

Shares of ECG opened at $110.55 on Friday. The stock’s 50-day moving average is $97.68 and its two-hundred day moving average is $90.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.76 and a quick ratio of 1.70. The stock has a market cap of $5.64 billion, a PE ratio of 28.06 and a beta of 3.27. Everus Construction Group, Inc. has a 12 month low of $31.38 and a 12 month high of $137.64.

Everus Construction Group (NYSE:ECG) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.36. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $879.57 million. Everus Construction Group had a net margin of 5.39% and a return on equity of 37.06%. The firm’s revenue was up 33.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.67 EPS. Equities analysts forecast that Everus Construction Group, Inc. will post 2.49 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.