Everus Construction Group, Inc. $ECG Shares Sold by Swiss National Bank

Swiss National Bank trimmed its holdings in shares of Everus Construction Group, Inc. (NYSE:ECG) by 1.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,797 shares of the company’s stock after selling 1,500 shares during the period. Swiss National Bank owned approximately 0.18% of Everus Construction Group worth $3,479,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tompkins Financial Corp acquired a new stake in Everus Construction Group during the 1st quarter valued at approximately $25,000. GAMMA Investing LLC lifted its stake in Everus Construction Group by 295.6% during the 1st quarter. GAMMA Investing LLC now owns 720 shares of the company’s stock valued at $27,000 after acquiring an additional 538 shares during the period. Concord Wealth Partners acquired a new stake in Everus Construction Group during the 1st quarter valued at approximately $31,000. Quarry LP acquired a new stake in Everus Construction Group during the 4th quarter valued at approximately $36,000. Finally, Bangor Savings Bank acquired a new stake in Everus Construction Group during the 1st quarter valued at approximately $36,000.

Analyst Ratings Changes

Several analysts have commented on the stock. Oppenheimer lifted their price objective on shares of Everus Construction Group from $66.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. Stifel Nicolaus boosted 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 note on Friday, July 11th. DA Davidson boosted their target price on shares of Everus Construction Group from $68.00 to $88.00 and gave the company a “neutral” rating in a research note on Thursday, August 14th. Wall Street Zen upgraded shares of Everus Construction Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Finally, Zacks Research upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 14th. One investment 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $80.33.

Everus Construction Group Price Performance

Shares of NYSE ECG opened at $74.6930 on Thursday. The firm has a market cap of $3.81 billion and a PE ratio of 23.05. The firm has a fifty day moving average of $68.10 and a 200 day moving average of $54.28. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.69 and a current ratio of 1.77. Everus Construction Group, Inc. has a one year low of $31.38 and a one year high of $90.00.

Everus Construction Group (NYSE:ECG) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $1.03 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%. 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, research analysts predict that Everus Construction Group, Inc. will post 2.49 EPS for the current fiscal year.

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.