Mutual of America Capital Management LLC Makes New Investment in Everus Construction Group, Inc. (NYSE:ECG)

Mutual of America Capital Management LLC bought a new position in shares of Everus Construction Group, Inc. (NYSE:ECG) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 7,424 shares of the company’s stock, valued at approximately $275,000.

Several other hedge funds also recently modified their holdings of the stock. Catalyst Capital Advisors LLC grew its holdings in shares of Everus Construction Group by 2.0% in the 1st quarter. Catalyst Capital Advisors LLC now owns 22,692 shares of the company’s stock valued at $842,000 after acquiring an additional 440 shares in the last quarter. GAMMA Investing LLC grew its holdings in Everus Construction Group by 295.6% during the first quarter. GAMMA Investing LLC now owns 720 shares of the company’s stock worth $27,000 after purchasing an additional 538 shares during the period. Quarry LP bought a new position in Everus Construction Group during the fourth quarter worth about $36,000. Nomura Asset Management Co. Ltd. bought a new position in Everus Construction Group during the fourth quarter worth about $39,000. Finally, Tompkins Financial Corp bought a new position in Everus Construction Group during the first quarter worth about $25,000.

Everus Construction Group Price Performance

Shares of ECG stock opened at $68.90 on Thursday. The firm has a 50 day moving average price of $62.28 and a two-hundred day moving average price of $53.72. 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, Inc. has a 12-month low of $31.38 and a 12-month high of $77.93.

Everus Construction Group (NYSE:ECG) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.72 earnings per share (EPS) for the quarter, topping 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%. Everus Construction Group’s revenue for the quarter was up 32.1% compared to the same quarter last year. Research analysts predict that Everus Construction Group, Inc. will post 2.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Oppenheimer lifted their price target on Everus Construction Group from $66.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, July 18th. Wall Street Zen cut Everus Construction Group from a “buy” rating to a “hold” rating in a report on Friday, July 18th. DA Davidson lifted their price target on Everus Construction Group from $58.00 to $68.00 and gave the stock a “neutral” rating in a report on Thursday, May 15th. Finally, Stifel Nicolaus lifted their price target on Everus Construction Group from $71.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Everus Construction Group presently has a consensus rating of “Hold” and an average target price of $73.67.

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.