Cerity Partners LLC Sells 1,211 Shares of Everus Construction Group, Inc. (NYSE:ECG)

Cerity Partners LLC reduced its position in shares of Everus Construction Group, Inc. (NYSE:ECG) by 13.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,567 shares of the company’s stock after selling 1,211 shares during the period. Cerity Partners LLC’s holdings in Everus Construction Group were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of Everus Construction Group by 40.7% during the first quarter. Principal Financial Group Inc. now owns 347,556 shares of the company’s stock worth $12,891,000 after purchasing an additional 100,551 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of 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 last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Everus Construction Group during the first quarter worth about $716,000. Asset Management One Co. Ltd. grew its holdings in shares of Everus Construction Group by 52.0% during the first quarter. Asset Management One Co. Ltd. now owns 70,905 shares of the company’s stock worth $2,630,000 after purchasing an additional 24,263 shares during the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of Everus Construction Group during the fourth quarter worth about $1,192,000.

Analyst Ratings Changes

ECG has been the subject of a number of analyst reports. DA Davidson raised their price objective on Everus Construction Group from $58.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, May 15th. Stifel Nicolaus raised their price objective on Everus Construction Group from $71.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Oppenheimer raised their price objective on Everus Construction Group from $66.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, July 18th. Finally, Wall Street Zen downgraded Everus Construction Group from a “buy” rating to a “hold” rating in a research report on Friday, July 18th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $73.67.

Everus Construction Group Trading Up 6.4%

NYSE ECG opened at $73.43 on Monday. Everus Construction Group, Inc. has a 52 week low of $31.38 and a 52 week high of $77.93. The business has a 50 day moving average price of $62.72 and a 200-day moving average price of $53.58. 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 released 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 return on equity of 33.27% and a net margin of 4.98%. The company’s quarterly revenue was up 32.1% on a year-over-year basis. On average, analysts predict that Everus Construction Group, Inc. will post 2.49 earnings per share for the current 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.