Gamco Investors INC. ET AL Reduces Stake in Everus Construction Group, Inc. $ECG

Gamco Investors INC. ET AL lowered its position in Everus Construction Group, Inc. (NYSE:ECG) by 18.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,791 shares of the company’s stock after selling 17,383 shares during the period. Gamco Investors INC. ET AL owned about 0.15% of Everus Construction Group worth $6,413,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bank of Montreal Can grew its stake in shares of Everus Construction Group by 4.2% during the 2nd quarter. Bank of Montreal Can now owns 14,079 shares of the company’s stock valued at $894,000 after purchasing an additional 563 shares during the period. Gabelli Funds LLC lifted its stake in shares of Everus Construction Group by 178.8% in the 2nd quarter. Gabelli Funds LLC now owns 94,437 shares of the company’s stock worth $6,000,000 after purchasing an additional 60,562 shares during the period. Beacon Pointe Advisors LLC lifted its stake in shares of Everus Construction Group by 6.2% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 163,121 shares of the company’s stock worth $10,363,000 after purchasing an additional 9,499 shares during the period. Frontier Capital Management Co. LLC boosted its holdings in shares of Everus Construction Group by 4.5% in the second quarter. Frontier Capital Management Co. LLC now owns 547,056 shares of the company’s stock worth $34,754,000 after buying an additional 23,716 shares during the last quarter. Finally, AXQ Capital LP purchased a new position in shares of Everus Construction Group in the second quarter worth approximately $435,000.

Everus Construction Group Trading Down 1.3%

Shares of NYSE:ECG opened at $110.55 on Monday. The stock has a 50 day moving average of $97.68 and a 200 day moving average of $90.25. The company has a market cap of $5.64 billion, a PE ratio of 28.06 and a beta of 3.24. Everus Construction Group, Inc. has a 12-month low of $31.38 and a 12-month high of $137.64. The company has a current ratio of 1.76, a quick ratio of 1.70 and a debt-to-equity ratio of 0.42.

Everus Construction Group (NYSE:ECG) last released its earnings results on Tuesday, February 24th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.36. Everus Construction Group had a net margin of 5.39% and a return on equity of 37.06%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $879.57 million. During the same quarter last year, the business earned $0.67 EPS. The firm’s revenue was up 33.0% compared to the same quarter last year. As a group, equities research analysts expect that Everus Construction Group, Inc. will post 2.49 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on ECG. Guggenheim started coverage on shares of Everus Construction Group in a research report on Thursday, January 22nd. They set a “neutral” rating for the company. Stifel Nicolaus dropped their price target on shares of Everus Construction Group from $110.00 to $107.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Zacks Research upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Wall Street Zen downgraded shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, DA Davidson restated a “neutral” rating and issued a $102.00 price objective on shares of Everus Construction Group in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $102.75.

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.