Everus Construction Group (NYSE:ECG) Director Purchases 1,000 Shares

Everus Construction Group, Inc. (NYSE:ECG) Director David Sparby bought 1,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were purchased at an average price of $144.95 per share, with a total value of $144,950.00. Following the transaction, the director owned 19,658 shares of the company’s stock, valued at $2,849,427.10. The trade was a 5.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Everus Construction Group Trading Down 6.8%

Shares of ECG traded down $9.72 during trading hours on Tuesday, hitting $133.68. 70,001 shares of the stock traded hands, compared to its average volume of 641,249. The company has a current ratio of 1.59, a quick ratio of 1.53 and a debt-to-equity ratio of 0.34. Everus Construction Group, Inc. has a 1-year low of $72.43 and a 1-year high of $171.58. The firm has a market capitalization of $6.83 billion, a PE ratio of 26.82 and a beta of 2.37. The business has a fifty day moving average of $141.20 and a 200-day moving average of $131.62.

Everus Construction Group (NYSE:ECG) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.50. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Everus Construction Group had a return on equity of 38.22% and a net margin of 5.96%.The firm’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.03 earnings per share. Analysts expect that Everus Construction Group, Inc. will post 5.23 EPS for the current year.

Analyst Upgrades and Downgrades

ECG has been the subject of several analyst reports. Stifel Nicolaus set a $172.00 price target on shares of Everus Construction Group in a research report on Friday, May 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Everus Construction Group in a report on Tuesday, August 4th. 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. Glj Research started coverage on shares of Everus Construction Group in a report on Monday, April 20th. They set a “hold” rating and a $141.00 target price for the company. Finally, Freedom Capital upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $158.50.

Hedge Funds Weigh In On Everus Construction Group

Several hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. grew 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 worth $25,000 after buying an additional 198 shares during the period. Root Financial Partners LLC raised its position 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 acquiring an additional 121 shares during the period. Global Retirement Partners LLC bought a new position in Everus Construction Group during the 2nd quarter worth approximately $28,000. Jones Financial Companies Lllp bought a new position in Everus Construction Group during the 2nd quarter worth approximately $36,000. Finally, McMillan Office Inc. acquired a new position in Everus Construction Group during the fourth quarter valued at approximately $43,000.

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.