Earnest Partners LLC Sells 59,178 Shares of Everus Construction Group, Inc. $ECG

Earnest Partners LLC trimmed its stake in Everus Construction Group, Inc. (NYSE:ECG) by 5.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,044,632 shares of the company’s stock after selling 59,178 shares during the quarter. Earnest Partners LLC’s holdings in Everus Construction Group were worth $89,577,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of Everus Construction Group by 2.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,620 shares of the company’s stock worth $464,000 after purchasing an additional 109 shares in the last quarter. Bessemer Group Inc. increased its position in Everus Construction Group by 68.2% in the 3rd quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock valued at $29,000 after buying an additional 137 shares in the last quarter. Amalgamated Bank increased its position in Everus Construction Group by 1.1% in the 3rd quarter. Amalgamated Bank now owns 15,531 shares of the company’s stock valued at $1,332,000 after buying an additional 163 shares in the last quarter. Arizona State Retirement System raised its stake in Everus Construction Group by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 14,336 shares of the company’s stock worth $1,229,000 after buying an additional 197 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in Everus Construction Group by 105.3% during the 2nd 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 period.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wall Street Zen cut Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Stifel Nicolaus lowered their target price on Everus Construction Group from $110.00 to $107.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Everus Construction Group in a report on Thursday, January 22nd. Cantor Fitzgerald started coverage on shares of Everus Construction Group in a research report on Friday, January 23rd. They issued a “neutral” rating and a $97.00 price target for the company. Finally, DA Davidson restated a “neutral” rating and set a $102.00 price target on shares of Everus Construction Group in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $102.75.

Everus Construction Group Price Performance

Shares of NYSE ECG opened at $112.84 on Monday. Everus Construction Group, Inc. has a fifty-two week low of $31.38 and a fifty-two week high of $137.64. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 28.64 and a beta of 3.24. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.76. The firm’s 50-day simple moving average is $100.46 and its 200 day simple moving average is $91.61.

Everus Construction Group (NYSE:ECG) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.36. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $879.57 million. Everus Construction Group had a return on equity of 37.06% and a net margin of 5.39%.The company’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 EPS. As a group, research analysts anticipate that Everus Construction Group, Inc. will post 2.49 earnings per share for the current fiscal year.

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.