Cetera Investment Advisers Sells 2,174 Shares of Everus Construction Group, Inc. (NYSE:ECG)

Cetera Investment Advisers reduced its position in shares of Everus Construction Group, Inc. (NYSE:ECG) by 13.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,734 shares of the company’s stock after selling 2,174 shares during the quarter. Cetera Investment Advisers’ holdings in Everus Construction Group were worth $509,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ECG. Dimensional Fund Advisors LP bought a new stake in Everus Construction Group during the 4th quarter valued at $120,578,000. Naya Capital Management UK Ltd. bought a new stake in Everus Construction Group during the 4th quarter valued at $48,619,000. Frontier Capital Management Co. LLC bought a new stake in Everus Construction Group during the 4th quarter valued at $34,797,000. Northern Trust Corp bought a new stake in Everus Construction Group during the 4th quarter valued at $30,076,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Everus Construction Group in the 4th quarter worth $23,074,000.

Everus Construction Group Stock Up 0.3%

Shares of NYSE ECG opened at $75.55 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.69 and a debt-to-equity ratio of 0.53. Everus Construction Group, Inc. has a 12 month low of $31.38 and a 12 month high of $90.00. The firm has a market capitalization of $3.85 billion and a PE ratio of 23.32. The firm has a fifty day simple moving average of $67.20 and a two-hundred day simple moving average of $54.05.

Everus Construction Group (NYSE:ECG) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.42. The company had revenue of $921.47 million during the quarter, compared to analyst estimates of $749.12 million. Everus Construction Group had a net margin of 5.07% and a return on equity of 35.83%. Everus Construction Group’s revenue was up 31.0% on a year-over-year basis. Equities analysts expect that Everus Construction Group, Inc. will post 2.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on ECG. Oppenheimer upped their price objective on shares of 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 upgraded shares of Everus Construction Group from a “hold” rating to a “buy” rating in a report on Saturday. 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 report on Friday, July 11th. Finally, DA Davidson set a $88.00 price objective on shares of Everus Construction Group and gave the stock a “neutral” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Everus Construction Group currently has a consensus rating of “Moderate Buy” and an average target price of $80.33.

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.