Vanguard Group Inc. Trims Position in Everus Construction Group, Inc. $ECG

Vanguard Group Inc. decreased its position in shares of Everus Construction Group, Inc. (NYSE:ECG) by 2.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,438,109 shares of the company’s stock after selling 127,893 shares during the quarter. Vanguard Group Inc. owned approximately 10.66% of Everus Construction Group worth $201,699,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Tompkins Financial Corp purchased a new position in Everus Construction Group during the first quarter worth about $25,000. GAMMA Investing LLC increased its holdings in shares of Everus Construction Group by 295.6% during the 1st quarter. GAMMA Investing LLC now owns 720 shares of the company’s stock worth $27,000 after buying an additional 538 shares during the last quarter. Concord Wealth Partners purchased a new stake in shares of Everus Construction Group during the 1st quarter valued at approximately $31,000. Quarry LP purchased a new stake in shares of Everus Construction Group during the 4th quarter valued at approximately $36,000. Finally, Bangor Savings Bank acquired a new position in Everus Construction Group in the first quarter valued at approximately $36,000.

Everus Construction Group Stock Performance

NYSE ECG opened at $75.2370 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 1.69. The company has a market cap of $3.84 billion and a P/E ratio of 23.22. The stock has a 50-day moving average of $67.81 and a two-hundred day moving average of $54.14. Everus Construction Group, Inc. has a 1-year low of $31.38 and a 1-year high of $90.00.

Everus Construction Group (NYSE:ECG) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.61 by $0.42. The business 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%. The company’s revenue was up 31.0% on a year-over-year basis. Everus Construction Group has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Everus Construction Group, Inc. will post 2.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ECG. Zacks Research raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 14th. Oppenheimer increased 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. DA Davidson boosted their price objective on shares of Everus Construction Group from $68.00 to $88.00 and gave the company a “neutral” rating in a report on Thursday, August 14th. Stifel Nicolaus upped their target price on shares of Everus Construction Group from $71.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Finally, Wall Street Zen raised shares of Everus Construction Group from a “hold” rating to a “buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Everus Construction Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.33.

About Everus Construction Group

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.