Analysts Set Everus Construction Group, Inc. (NYSE:ECG) PT at $100.33

Shares of Everus Construction Group, Inc. (NYSE:ECG) have earned an average rating of “Hold” from the five research firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $100.3333.

Several analysts recently issued reports on the company. Oppenheimer reissued an “outperform” rating and set a $105.00 target price on shares of Everus Construction Group in a research note on Thursday, November 6th. Stifel Nicolaus boosted their target price on shares of Everus Construction Group from $88.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Wall Street Zen raised shares of Everus Construction Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Zacks Research downgraded shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Finally, DA Davidson set a $102.00 price objective on shares of Everus Construction Group in a report on Thursday, November 6th.

Hedge Funds Weigh In On Everus Construction Group

Several institutional investors have recently added to or reduced their stakes in ECG. Aberdeen Group plc raised its holdings in shares of Everus Construction Group by 76.4% during the 4th quarter. Aberdeen Group plc now owns 197,743 shares of the company’s stock worth $16,919,000 after acquiring an additional 85,660 shares in the last quarter. Range Financial Group LLC bought a new stake in Everus Construction Group in the fourth quarter worth $1,146,000. Wealth Enhancement Advisory Services LLC raised its stake in Everus Construction Group by 15.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,500 shares of the company’s stock valued at $573,000 after purchasing an additional 880 shares in the last quarter. Nordea Investment Management AB bought a new position in Everus Construction Group during the fourth quarter valued at $4,431,000. Finally, GAMMA Investing LLC lifted its position in Everus Construction Group by 12.6% during the fourth quarter. GAMMA Investing LLC now owns 1,286 shares of the company’s stock valued at $110,000 after purchasing an additional 144 shares during the last quarter.

Everus Construction Group Trading Up 3.7%

Shares of Everus Construction Group stock opened at $92.60 on Friday. Everus Construction Group has a fifty-two week low of $31.38 and a fifty-two week high of $103.08. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.76. The company has a market capitalization of $4.72 billion, a P/E ratio of 26.23 and a beta of 3.84. The company has a fifty day moving average of $89.71 and a 200 day moving average of $82.64.

Everus Construction Group (NYSE:ECG) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.49. The business had revenue of $986.82 million for the quarter, compared to analysts’ expectations of $830.60 million. Everus Construction Group had a return on equity of 36.74% and a net margin of 5.18%.The business’s quarterly revenue was up 29.7% on a year-over-year basis. During the same period last year, the firm earned $0.82 earnings per share. On average, sell-side analysts anticipate that Everus Construction Group will post 2.49 earnings per share for the current fiscal year.

Everus Construction Group Company 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.