Everus Construction Group (NYSE:ECG) Cut to “Buy” at Wall Street Zen

Wall Street Zen cut shares of Everus Construction Group (NYSE:ECG) from a strong-buy rating to a buy rating in a research note released on Saturday morning.

Several other research analysts have also commented on ECG. Stifel Nicolaus cut their price objective on Everus Construction Group from $110.00 to $107.00 and set a “buy” rating for the company in a report on Monday, January 26th. Zacks Research lowered shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. DA Davidson set a $102.00 price target on shares of Everus Construction Group in a research note on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of Everus Construction Group in a research report on Thursday, January 22nd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $105.00 price objective on shares of Everus Construction Group in a report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $102.75.

Everus Construction Group Price Performance

NYSE:ECG opened at $101.51 on Friday. Everus Construction Group has a 52-week low of $31.38 and a 52-week high of $103.08. The stock has a fifty day moving average of $90.42 and a 200 day moving average of $85.42. 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 firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 28.76 and a beta of 3.84.

Hedge Funds Weigh In On Everus Construction Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in shares of Everus Construction Group by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 1,149,507 shares of the company’s stock worth $98,369,000 after purchasing an additional 29,652 shares during the last quarter. Jackson Creek Investment Advisors LLC purchased a new stake in Everus Construction Group during the 4th quarter valued at $393,000. Royce & Associates LP bought a new stake in Everus Construction Group in the 4th quarter worth $5,031,000. Bleakley Financial Group LLC grew its holdings in Everus Construction Group by 3.4% in the 4th quarter. Bleakley Financial Group LLC now owns 27,630 shares of the company’s stock worth $2,364,000 after acquiring an additional 905 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Everus Construction Group by 38.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 979 shares of the company’s stock valued at $84,000 after acquiring an additional 270 shares during the period.

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.