GAMMA Investing LLC Purchases 538 Shares of Everus Construction Group, Inc. (NYSE:ECG)

GAMMA Investing LLC increased its position in Everus Construction Group, Inc. (NYSE:ECG) by 295.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 720 shares of the company’s stock after buying an additional 538 shares during the quarter. GAMMA Investing LLC’s holdings in Everus Construction Group were worth $27,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Bangor Savings Bank bought a new stake in shares of Everus Construction Group in the 1st quarter worth approximately $36,000. NBC Securities Inc. bought a new stake in shares of Everus Construction Group in the 1st quarter worth approximately $168,000. Cascade Investment Advisors Inc. lifted its stake in Everus Construction Group by 39.5% in the first quarter. Cascade Investment Advisors Inc. now owns 27,002 shares of the company’s stock worth $1,002,000 after purchasing an additional 7,652 shares during the last quarter. Tompkins Financial Corp bought a new stake in Everus Construction Group in the first quarter worth $25,000. Finally, AdvisorNet Financial Inc bought a new stake in Everus Construction Group in the first quarter worth $213,000.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ECG shares. Stifel Nicolaus boosted their target price on Everus Construction Group from $71.00 to $83.00 and gave the company a “buy” rating in a research note on Friday. DA Davidson boosted their target price on Everus Construction Group from $58.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, May 15th.

Everus Construction Group Price Performance

NYSE:ECG opened at $69.00 on Friday. The company has a fifty day moving average of $59.21 and a 200 day moving average of $53.73. Everus Construction Group, Inc. has a 52 week low of $31.38 and a 52 week high of $77.93. The company has a current ratio of 1.78, a quick ratio of 1.69 and a debt-to-equity ratio of 0.60.

Everus Construction Group (NYSE:ECG) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.72 EPS for the quarter, beating the consensus estimate 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 net margin of 4.98% and a return on equity of 33.27%. The firm’s revenue for the quarter was up 32.1% on a year-over-year basis. On average, equities research analysts predict that Everus Construction Group, Inc. will post 2.49 earnings per share 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.