Legal & General Group Plc Trims Stake in Everus Construction Group, Inc. $ECG

Legal & General Group Plc reduced its holdings in shares of Everus Construction Group, Inc. (NYSE:ECG) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 127,510 shares of the company’s stock after selling 3,381 shares during the period. Legal & General Group Plc owned about 0.25% of Everus Construction Group worth $10,910,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its holdings in Everus Construction Group by 105.3% during the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after buying an additional 198 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in Everus Construction Group during the fourth quarter valued at approximately $28,000. Bessemer Group Inc. increased its holdings in Everus Construction Group by 68.2% during the third quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock valued at $29,000 after buying an additional 137 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Everus Construction Group during the fourth quarter valued at approximately $30,000. Finally, Signaturefd LLC increased its holdings in Everus Construction Group by 103.1% during the fourth quarter. Signaturefd LLC now owns 721 shares of the company’s stock valued at $62,000 after buying an additional 366 shares during the last quarter.

Everus Construction Group Stock Performance

ECG opened at $151.81 on Thursday. Everus Construction Group, Inc. has a fifty-two week low of $58.00 and a fifty-two week high of $171.58. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.71 and a current ratio of 1.77. The company has a fifty day moving average of $139.70 and a 200 day moving average of $112.06. The stock has a market capitalization of $7.75 billion, a price-to-earnings ratio of 34.82 and a beta of 2.32.

Everus Construction Group (NYSE:ECG) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.81 by $0.33. Everus Construction Group had a net margin of 5.65% and a return on equity of 37.17%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $933.81 million. During the same quarter last year, the business earned $0.72 earnings per share. Everus Construction Group’s quarterly revenue was up 25.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Everus Construction Group, Inc. will post 4.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ECG has been the subject of a number of analyst reports. Weiss Ratings raised shares of Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Cantor Fitzgerald increased their price objective on shares of Everus Construction Group from $115.00 to $174.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. 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. Freedom Capital cut shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen cut shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Everus Construction Group presently has a consensus rating of “Hold” and an average target price of $155.67.

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. Everus Construction Group is based in BISMARCK, N.D.