Marsico Capital Management LLC Has $4.55 Million Stock Position in Everus Construction Group, Inc. $ECG

Marsico Capital Management LLC grew its stake in shares of Everus Construction Group, Inc. (NYSE:ECG) by 71.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,142 shares of the company’s stock after purchasing an additional 22,236 shares during the quarter. Marsico Capital Management LLC owned about 0.10% of Everus Construction Group worth $4,547,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Bessemer Group Inc. boosted its stake 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 purchasing an additional 137 shares during the period. GAMMA Investing LLC lifted its position in shares of Everus Construction Group by 12.6% during 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 period. DMKC Advisory Services LLC lifted its position in shares of Everus Construction Group by 4.2% during 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 period. Geneos Wealth Management Inc. lifted its position in shares of Everus Construction Group by 105.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after acquiring an additional 198 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of Everus Construction Group by 2.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 11,694 shares of the company’s stock valued at $1,001,000 after acquiring an additional 235 shares during the period.

Everus Construction Group Price Performance

Shares of ECG opened at $143.63 on Friday. Everus Construction Group, Inc. has a 12-month low of $58.00 and a 12-month high of $171.58. The business has a 50-day simple moving average of $143.26 and a two-hundred day simple moving average of $114.68. The company has a quick ratio of 1.71, a current ratio of 1.77 and a debt-to-equity ratio of 0.38. The stock has a market cap of $7.33 billion, a PE ratio of 32.94 and a beta of 2.32.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ECG shares. Cantor Fitzgerald upped their target price on Everus Construction Group from $115.00 to $174.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Zacks Research downgraded Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Stifel Nicolaus set a $172.00 target price on Everus Construction Group in a research report on Friday, May 8th. Freedom Capital downgraded Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, DA Davidson reiterated a “neutral” rating and set a $102.00 target price on shares of Everus Construction Group in a research report on Wednesday, February 25th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $155.67.

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.