Everus Construction Group, Inc. $ECG Holdings Raised by Convergence Investment Partners LLC

Convergence Investment Partners LLC lifted its position in shares of Everus Construction Group, Inc. (NYSE:ECG) by 39.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,505 shares of the company’s stock after acquiring an additional 5,196 shares during the period. Convergence Investment Partners LLC’s holdings in Everus Construction Group were worth $2,185,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its holdings in Everus Construction Group by 105.3% in the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock worth $25,000 after purchasing an additional 198 shares during the period. Root Financial Partners LLC raised its holdings in shares of Everus Construction Group by 126.0% during the first quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock worth $26,000 after purchasing an additional 121 shares during the period. Sound Income Strategies LLC acquired a new stake in shares of Everus Construction Group during the fourth quarter worth $28,000. Flagship Harbor Advisors LLC bought a new position in shares of Everus Construction Group in the 4th quarter worth about $30,000. Finally, McMillan Office Inc. bought a new position in shares of Everus Construction Group in the 4th quarter worth about $43,000.

Everus Construction Group Price Performance

NYSE ECG opened at $131.48 on Tuesday. Everus Construction Group, Inc. has a 52 week low of $65.27 and a 52 week high of $171.58. The company has a current ratio of 1.77, a quick ratio of 1.71 and a debt-to-equity ratio of 0.38. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 30.16 and a beta of 2.23. The company has a 50-day moving average price of $148.81 and a two-hundred day moving average price of $125.49.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Guggenheim raised shares of Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 price target for the company in a report on Thursday, April 30th. Glj Research began coverage on shares of Everus Construction Group in a research note on Monday, April 20th. They set a “hold” rating and a $141.00 price objective on the stock. Cantor Fitzgerald raised their target price on shares of Everus Construction Group from $115.00 to $174.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Weiss Ratings upgraded Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Finally, Zacks Research upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.67.

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.