Everus Construction Group, Inc. (NYSE:ECG) Stock Position Reduced by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its holdings in Everus Construction Group, Inc. (NYSE:ECG) by 2.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,248 shares of the company’s stock after selling 666 shares during the period. State of Alaska Department of Revenue owned 0.06% of Everus Construction Group worth $1,047,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Deutsche Bank AG bought a new stake in Everus Construction Group in the fourth quarter worth approximately $1,192,000. Principal Securities Inc. bought a new stake in shares of Everus Construction Group during the 4th quarter worth $27,000. GAMMA Investing LLC boosted its holdings in shares of Everus Construction Group by 14,573.1% during the 1st quarter. GAMMA Investing LLC now owns 26,705 shares of the company’s stock worth $990,000 after buying an additional 26,523 shares during the period. Truist Financial Corp acquired a new position in Everus Construction Group during the 4th quarter valued at $421,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in Everus Construction Group during the 4th quarter valued at $84,000.

Everus Construction Group Stock Performance

Shares of ECG stock opened at $62.19 on Friday. Everus Construction Group, Inc. has a 52-week low of $31.38 and a 52-week high of $77.93. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.69 and a current ratio of 1.78. The firm has a fifty day moving average of $53.69 and a 200-day moving average of $53.96.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings data 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. Everus Construction Group had a net margin of 4.98% and a return on equity of 33.27%. The company had revenue of $826.63 million during the quarter, compared to analysts’ expectations of $676.35 million. The business’s quarterly revenue was up 32.1% on a year-over-year basis. On average, equities research analysts forecast that Everus Construction Group, Inc. will post 2.49 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on ECG. DA Davidson upped their target price on shares of Everus Construction Group from $58.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, May 15th. Stifel Nicolaus upped their target price on shares of Everus Construction Group from $55.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, May 16th.

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.