Everus Construction Group, Inc. $ECG Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in shares of Everus Construction Group, Inc. (NYSE:ECG) by 7.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 442,074 shares of the company’s stock after buying an additional 30,961 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.87% of Everus Construction Group worth $16,397,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ECG. Westwood Holdings Group Inc. acquired a new stake in shares of Everus Construction Group during the first quarter worth about $75,089,000. Dimensional Fund Advisors LP acquired a new stake in shares of Everus Construction Group during the fourth quarter worth about $120,578,000. Naya Capital Management UK Ltd. acquired a new stake in shares of Everus Construction Group during the fourth quarter worth about $48,619,000. Frontier Capital Management Co. LLC acquired a new stake in Everus Construction Group in the fourth quarter valued at about $34,797,000. Finally, Northern Trust Corp acquired a new stake in Everus Construction Group in the fourth quarter valued at about $30,076,000.

Everus Construction Group Price Performance

ECG stock opened at $76.0790 on Friday. The firm has a 50 day moving average of $68.73 and a 200-day moving average of $54.40. Everus Construction Group, Inc. has a 12-month low of $31.38 and a 12-month high of $90.00. The company has a current ratio of 1.77, a quick ratio of 1.69 and a debt-to-equity ratio of 0.53. The company has a market cap of $3.88 billion and a price-to-earnings ratio of 23.48.

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

Analyst Ratings Changes

A number of equities research analysts recently commented on ECG shares. Oppenheimer raised 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 report on Friday, July 18th. DA Davidson raised their price objective on shares of Everus Construction Group from $68.00 to $88.00 and gave the company a “neutral” rating in a research report on Thursday, August 14th. Wall Street Zen upgraded shares of Everus Construction Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Stifel Nicolaus raised their price objective 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, Zacks Research upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average 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.