Jupiter Topco LLC Takes $4.79 Million Position in Everus Construction Group, Inc. $ECG

Jupiter Topco LLC bought a new position in shares of Everus Construction Group, Inc. (NYSE:ECG) in the second quarter, HoldingsChannel reports. The firm bought 28,832 shares of the company’s stock, valued at approximately $4,785,000.

Other large investors also recently modified their holdings of the company. Geneos Wealth Management Inc. increased its holdings in Everus Construction Group by 105.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after purchasing an additional 198 shares during the period. Root Financial Partners LLC lifted its holdings in Everus Construction Group by 126.0% in the 1st quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock worth $26,000 after buying an additional 121 shares during the period. Global Retirement Partners LLC bought a new stake in shares of Everus Construction Group in the 2nd quarter worth approximately $28,000. Jones Financial Companies Lllp bought a new stake in shares of Everus Construction Group in the 2nd quarter worth approximately $36,000. Finally, McMillan Office Inc. purchased a new position in shares of Everus Construction Group during the fourth quarter valued at approximately $43,000.

Insider Transactions at Everus Construction Group

In related news, VP Paul R. Sanderson sold 3,300 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $136.69, for a total transaction of $451,077.00. Following the sale, the vice president owned 18,950 shares of the company’s stock, valued at $2,590,275.50. The trade was a 14.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David M. Sparby acquired 1,000 shares of the business’s stock in a transaction on Monday, August 17th. The stock was acquired at an average price of $144.95 per share, for a total transaction of $144,950.00. Following the acquisition, the director owned 19,658 shares of the company’s stock, valued at approximately $2,849,427.10. This trade represents a 5.36% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.33% of the company’s stock.

Everus Construction Group Price Performance

ECG opened at $114.69 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.53 and a debt-to-equity ratio of 0.34. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 23.08 and a beta of 2.37. The stock has a fifty day simple moving average of $135.26 and a two-hundred day simple moving average of $133.68. Everus Construction Group, Inc. has a 12-month low of $73.00 and a 12-month high of $171.58.

Everus Construction Group (NYSE:ECG) last announced its earnings results on Tuesday, August 4th. The company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.50. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Everus Construction Group had a net margin of 5.96% and a return on equity of 38.22%. The company’s quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.03 EPS. Research analysts predict that Everus Construction Group, Inc. will post 5.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on ECG. Zacks Research raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 25th. Guggenheim upped their price objective on shares of Everus Construction Group from $160.00 to $184.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. DA Davidson started coverage on shares of Everus Construction Group in a research report on Friday, August 21st. They issued a “buy” rating and a $168.00 target price for the company. Cantor Fitzgerald cut their target price on shares of Everus Construction Group from $174.00 to $152.00 and set a “neutral” rating on the stock in a research note on Thursday, August 13th. Finally, Freedom Capital raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.50.

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.