Everus Construction Group, Inc. (NYSE:ECG) Receives $169.50 Consensus PT from Analysts

Everus Construction Group, Inc. (NYSE:ECG) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $169.50.

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus set a $172.00 price objective on Everus Construction Group in a research report on Friday, May 8th. Oppenheimer reaffirmed an “outperform” rating and set a $200.00 target price on shares of Everus Construction Group in a research report on Thursday, August 6th. Freedom Capital upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Everus Construction Group in a report on Tuesday, August 4th. Finally, Guggenheim increased their price target on shares of Everus Construction Group from $160.00 to $184.00 and gave the company a “buy” rating in a report on Thursday, August 6th.

Everus Construction Group Price Performance

NYSE ECG opened at $114.69 on Friday. The stock has a 50-day simple moving average of $135.26 and a 200 day simple moving average of $133.68. Everus Construction Group has a twelve month low of $73.00 and a twelve month high of $171.58. The stock has a market capitalization of $5.86 billion, a PE ratio of 23.08 and a beta of 2.37. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.53 and a current ratio of 1.59.

Everus Construction Group (NYSE:ECG) last released its earnings results on Tuesday, August 4th. The company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.50. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.08 billion. Everus Construction Group had a return on equity of 38.22% and a net margin of 5.96%.The company’s revenue was up 33.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 EPS. Research analysts anticipate that Everus Construction Group will post 5.25 EPS for the current year.

Insider Transactions at Everus Construction Group

In related news, VP Paul R. Sanderson sold 3,300 shares of Everus Construction Group stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $136.69, for a total transaction of $451,077.00. Following the sale, the vice president directly owned 18,950 shares of the company’s stock, valued at $2,590,275.50. This trade represents a 14.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David M. Sparby purchased 1,000 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were purchased at an average price of $144.95 per share, for a total transaction of $144,950.00. Following the completion of the purchase, the director directly owned 19,658 shares of the company’s stock, valued at approximately $2,849,427.10. This trade represents a 5.36% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.33% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Everus Construction Group

Several large investors have recently added to or reduced their stakes in the company. First Trust Advisors LP lifted its position in Everus Construction Group by 109.9% in the first quarter. First Trust Advisors LP now owns 1,280,916 shares of the company’s stock worth $151,225,000 after purchasing an additional 670,646 shares during the period. Fifth Third Bancorp increased its holdings in Everus Construction Group by 9,475.7% in the 1st quarter. Fifth Third Bancorp now owns 32,653 shares of the company’s stock valued at $3,855,000 after buying an additional 32,312 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Everus Construction Group by 120.8% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 51,474 shares of the company’s stock valued at $4,404,000 after buying an additional 28,164 shares during the period. Jackson Creek Investment Advisors LLC acquired a new position in shares of Everus Construction Group in the 4th quarter valued at $393,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Everus Construction Group in the 4th quarter valued at $924,000.

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.