WINTON GROUP Ltd Sells 10,560 Shares of Everus Construction Group, Inc. $ECG

WINTON GROUP Ltd trimmed its holdings in Everus Construction Group, Inc. (NYSE:ECG) by 8.7% during the second quarter, Holdings Channel reports. The firm owned 110,509 shares of the company’s stock after selling 10,560 shares during the quarter. Everus Construction Group comprises about 0.6% of WINTON GROUP Ltd’s holdings, making the stock its 23rd largest position. WINTON GROUP Ltd’s holdings in Everus Construction Group were worth $18,339,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Royal Bank of Canada increased its holdings in Everus Construction Group by 155.0% in the first quarter. Royal Bank of Canada now owns 48,839 shares of the company’s stock worth $1,811,000 after purchasing an additional 29,689 shares in the last quarter. Millennium Management LLC grew its position in shares of Everus Construction Group by 42.7% during the 1st quarter. Millennium Management LLC now owns 244,421 shares of the company’s stock worth $9,066,000 after buying an additional 73,128 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Everus Construction Group by 74.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 178,790 shares of the company’s stock valued at $6,631,000 after acquiring an additional 76,252 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Everus Construction Group by 33.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 140,397 shares of the company’s stock valued at $5,207,000 after acquiring an additional 34,868 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in shares of Everus Construction Group by 184.4% in the 1st quarter. Jane Street Group LLC now owns 71,323 shares of the company’s stock valued at $2,645,000 after acquiring an additional 46,247 shares in the last quarter.

Wall Street Analyst Weigh In

ECG has been the topic of several research analyst reports. Freedom Capital raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Cantor Fitzgerald decreased their price target on shares of Everus Construction Group from $174.00 to $152.00 and set a “neutral” rating for the company in a research note on Thursday, August 13th. Guggenheim upped their price objective 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. DA Davidson started coverage on shares of Everus Construction Group in a research report on Friday, August 21st. They set a “buy” rating and a $168.00 price objective on the stock. Finally, Zacks Research upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 25th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Everus Construction Group presently has a consensus rating of “Moderate Buy” and an average target price of $169.50.

Insider Buying and Selling at Everus Construction Group

In other news, VP Paul R. Sanderson sold 3,300 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $136.69, for a total transaction of $451,077.00. Following the completion of the sale, the vice president directly owned 18,950 shares of the company’s stock, valued at $2,590,275.50. The trade was a 14.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David M. Sparby bought 1,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was acquired at an average price of $144.95 per share, for a total transaction of $144,950.00. Following the acquisition, the director directly owned 19,658 shares in the company, valued at $2,849,427.10. The trade was a 5.36% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.33% of the company’s stock.

Everus Construction Group Price Performance

Shares of NYSE:ECG opened at $117.56 on Thursday. The company has a quick ratio of 1.53, a current ratio of 1.59 and a debt-to-equity ratio of 0.34. Everus Construction Group, Inc. has a twelve month low of $76.55 and a twelve month high of $171.58. The stock’s 50 day moving average is $129.32 and its 200-day moving average is $134.32. The firm has a market capitalization of $6.00 billion, a price-to-earnings ratio of 23.65 and a beta of 2.28.

Everus Construction Group (NYSE:ECG) last issued its earnings results on Tuesday, August 4th. The company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.50. Everus Construction Group had a return on equity of 38.22% and a net margin of 5.96%.The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the business earned $1.03 EPS. Everus Construction Group’s quarterly revenue was up 33.7% compared to the same quarter last year. Sell-side analysts forecast that Everus Construction Group, Inc. will post 5.25 EPS for the current fiscal year.

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.