Everus Construction Group (NYSE:ECG) Price Target Raised to $70.00

Everus Construction Group (NYSE:ECG) had its target price raised by Oppenheimer from $66.00 to $70.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other analysts have also weighed in on the company. DA Davidson lifted their target price on Everus Construction Group from $58.00 to $68.00 and gave the company a “neutral” rating in a research report on Thursday, May 15th. Stifel Nicolaus upped their price objective on shares of Everus Construction Group from $71.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Everus Construction Group currently has an average rating of “Hold” and an average target price of $73.67.

Everus Construction Group Price Performance

ECG stock opened at $69.16 on Friday. Everus Construction Group has a 52 week low of $31.38 and a 52 week high of $77.93. The company’s 50-day simple moving average is $61.43 and its 200 day simple moving average is $53.53. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.69 and a current ratio of 1.78.

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

Institutional Investors Weigh In On Everus Construction Group

A number of institutional investors have recently made changes to their positions in ECG. Hudson Value Partners LLC boosted its stake in shares of Everus Construction Group by 1.7% in the 2nd quarter. Hudson Value Partners LLC now owns 80,361 shares of the company’s stock valued at $5,105,000 after purchasing an additional 1,347 shares during the last quarter. Forza Wealth Management LLC acquired a new stake in Everus Construction Group during the second quarter worth approximately $325,000. Signaturefd LLC increased its holdings in Everus Construction Group by 91.6% in the second quarter. Signaturefd LLC now owns 435 shares of the company’s stock worth $28,000 after purchasing an additional 208 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Everus Construction Group by 7.5% in the second quarter. State of Alaska Department of Revenue now owns 30,380 shares of the company’s stock valued at $1,929,000 after buying an additional 2,132 shares during the period. Finally, Brady Martz Wealth Solutions LLC boosted its holdings in shares of Everus Construction Group by 2.3% during the 2nd quarter. Brady Martz Wealth Solutions LLC now owns 6,855 shares of the company’s stock worth $435,000 after buying an additional 154 shares in the last quarter.

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.