26,360 Shares in Everus Construction Group, Inc. $ECG Acquired by Hel Ved Capital Management Ltd

Hel Ved Capital Management Ltd acquired a new position in Everus Construction Group, Inc. (NYSE:ECG) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 26,360 shares of the company’s stock, valued at approximately $2,255,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new position in Everus Construction Group in the fourth quarter worth approximately $28,000. Bessemer Group Inc. increased its holdings in Everus Construction Group by 68.2% in the third quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock worth $29,000 after buying an additional 137 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in Everus Construction Group in the fourth quarter worth approximately $30,000. Geneos Wealth Management Inc. increased its holdings in Everus Construction Group by 105.3% in the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock worth $25,000 after buying an additional 198 shares during the last quarter. Finally, McMillan Office Inc. acquired a new position in Everus Construction Group in the fourth quarter worth approximately $43,000.

Everus Construction Group Stock Up 3.5%

Shares of Everus Construction Group stock opened at $148.70 on Friday. The stock has a market capitalization of $7.59 billion, a P/E ratio of 34.11 and a beta of 2.32. The company has a quick ratio of 1.71, a current ratio of 1.77 and a debt-to-equity ratio of 0.38. The stock has a 50 day moving average price of $143.71 and a two-hundred day moving average price of $114.92. Everus Construction Group, Inc. has a 12-month low of $58.00 and a 12-month high of $171.58.

Everus Construction Group (NYSE:ECG) last announced its earnings results on Tuesday, May 5th. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.33. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $933.81 million. Everus Construction Group had a return on equity of 37.17% and a net margin of 5.65%.The company’s revenue was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 earnings per share. Equities analysts expect that Everus Construction Group, Inc. will post 4.39 earnings per share for the current year.

Analysts Set New Price Targets

ECG has been the topic of a number of research reports. Guggenheim upgraded Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 price objective on the stock in a report on Thursday, April 30th. Zacks Research downgraded Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Freedom Capital cut Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Oppenheimer started coverage on Everus Construction Group in a research report on Thursday, May 28th. They set an “outperform” rating and a $185.00 target price for the company. Finally, DA Davidson reaffirmed a “neutral” rating and set a $102.00 target price on shares of Everus Construction Group in a research report on Wednesday, February 25th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average 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.