Everus Construction Group, Inc. (NYSE:ECG) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its holdings in Everus Construction Group, Inc. (NYSE:ECG) by 6.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,862 shares of the company’s stock after selling 1,312 shares during the period. Yousif Capital Management LLC’s holdings in Everus Construction Group were worth $700,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. acquired a new stake in Everus Construction Group during the 4th quarter worth approximately $16,241,000. Deutsche Bank AG acquired a new position in shares of Everus Construction Group in the 4th quarter valued at $1,192,000. Principal Securities Inc. purchased a new position in Everus Construction Group during the 4th quarter worth approximately $27,000. Truist Financial Corp acquired a new position in shares of Everus Construction Group in the 4th quarter valued at $421,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in Everus Construction Group in the fourth quarter valued at $84,000.

Wall Street Analysts Forecast Growth

ECG has been the subject of several recent research reports. Stifel Nicolaus increased their price target on Everus Construction Group from $55.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, May 16th. DA Davidson raised their price objective on shares of Everus Construction Group from $58.00 to $68.00 and gave the stock a “neutral” rating in a research note on Thursday, May 15th.

Everus Construction Group Stock Up 0.1%

Everus Construction Group stock opened at $59.80 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.69 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average price of $51.42 and a 200 day moving average price of $54.17. Everus Construction Group, Inc. has a 52 week low of $31.38 and a 52 week high of $77.93.

Everus Construction Group (NYSE:ECG) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.29. The firm had revenue of $826.63 million during the quarter, compared to the consensus estimate of $676.35 million. Everus Construction Group had a return on equity of 33.27% and a net margin of 4.98%. The business’s revenue for the quarter was up 32.1% on a year-over-year basis. As a group, analysts expect that Everus Construction Group, Inc. will post 2.49 earnings per share for the current year.

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.