Everus Construction Group, Inc. $ECG Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL decreased its stake in shares of Everus Construction Group, Inc. (NYSE:ECG) by 36.4% during the fourth quarter, HoldingsChannel reports. The firm owned 47,544 shares of the company’s stock after selling 27,247 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Everus Construction Group were worth $4,068,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Everus Construction Group by 2.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,620 shares of the company’s stock valued at $464,000 after acquiring an additional 109 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of 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 acquiring an additional 137 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Everus Construction Group by 12.6% in the 4th quarter. GAMMA Investing LLC now owns 1,286 shares of the company’s stock valued at $110,000 after acquiring an additional 144 shares during the last quarter. DMKC Advisory Services LLC boosted its holdings in shares of Everus Construction Group by 4.2% in the 4th quarter. DMKC Advisory Services LLC now owns 3,762 shares of the company’s stock valued at $322,000 after acquiring an additional 150 shares during the last quarter. Finally, Amalgamated Bank boosted its holdings in shares of 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 acquiring an additional 163 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Freedom Capital downgraded shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Stifel Nicolaus set a $172.00 price objective on shares of Everus Construction Group in a report on Friday, May 8th. DA Davidson reissued a “neutral” rating and set a $102.00 price target on shares of Everus Construction Group in a report on Wednesday, February 25th. Guggenheim raised shares of Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Thursday, April 30th. Finally, Weiss Ratings raised shares of Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Everus Construction Group currently has a consensus rating of “Hold” and a consensus target price of $154.83.

Everus Construction Group Price Performance

Shares of NYSE ECG opened at $148.75 on Thursday. The firm has a 50-day simple moving average of $132.76 and a 200-day simple moving average of $108.19. The stock has a market capitalization of $7.59 billion, a price-to-earnings ratio of 34.12 and a beta of 2.55. The company has a quick ratio of 1.71, a current ratio of 1.77 and a debt-to-equity ratio of 0.38. Everus Construction Group, Inc. has a 52 week low of $55.31 and a 52 week high of $171.58.

Everus Construction Group (NYSE:ECG) last issued its earnings results on Tuesday, May 5th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.33. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $933.81 million. Everus Construction Group had a net margin of 5.65% and a return on equity of 37.17%. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 earnings per share. On average, equities analysts predict that Everus Construction Group, Inc. will post 4.39 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.