Segall Bryant & Hamill LLC Lowers Stock Holdings in Everus Construction Group, Inc. $ECG

Segall Bryant & Hamill LLC lessened its stake in Everus Construction Group, Inc. (NYSE:ECG) by 53.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 61,738 shares of the company’s stock after selling 69,772 shares during the period. Segall Bryant & Hamill LLC’s holdings in Everus Construction Group were worth $7,289,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its position 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 acquiring an additional 198 shares during the period. Root Financial Partners LLC grew its stake in shares of Everus Construction Group by 126.0% in the 1st quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock valued at $26,000 after purchasing an additional 121 shares during the last quarter. Sound Income Strategies LLC acquired a new position in shares of Everus Construction Group in the fourth quarter valued at approximately $28,000. Flagship Harbor Advisors LLC acquired a new position in shares of Everus Construction Group in the fourth quarter valued at approximately $30,000. Finally, McMillan Office Inc. purchased a new stake in shares of Everus Construction Group during the fourth quarter worth approximately $43,000.

Everus Construction Group Stock Performance

NYSE ECG opened at $125.39 on Monday. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 28.76 and a beta of 2.37. The business’s 50 day moving average is $144.05 and its two-hundred day moving average is $128.00. Everus Construction Group, Inc. has a 12-month low of $68.51 and a 12-month 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.

Everus Construction Group (NYSE:ECG) last posted 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. 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 period last year, the firm earned $0.72 EPS. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. Research analysts expect that Everus Construction Group, Inc. will post 4.39 EPS for the current year.

Analyst Ratings Changes

ECG has been the subject of several recent research reports. Oppenheimer started coverage on Everus Construction Group in a report on Thursday, May 28th. They set an “outperform” rating and a $185.00 price target for the company. Freedom Capital cut shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Glj Research assumed coverage on shares of Everus Construction Group in a research report on Monday, April 20th. They set a “hold” rating and a $141.00 price objective for the company. Zacks Research cut shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Guggenheim raised shares of Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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.