Deutsche Bank AG Reduces Stock Holdings in Everus Construction Group, Inc. $ECG

Deutsche Bank AG cut its holdings in shares of Everus Construction Group, Inc. (NYSE:ECG) by 10.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,297 shares of the company’s stock after selling 1,832 shares during the period. Deutsche Bank AG’s holdings in Everus Construction Group were worth $604,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Quarry LP purchased a new position in shares of Everus Construction Group during the fourth quarter worth approximately $36,000. Tompkins Financial Corp purchased a new position in shares of Everus Construction Group during the first quarter worth approximately $25,000. GAMMA Investing LLC grew its position 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 acquiring an additional 538 shares during the last quarter. Colonial Trust Co SC purchased a new position in shares of Everus Construction Group during the fourth quarter worth approximately $50,000. Finally, Concord Wealth Partners purchased a new position in shares of Everus Construction Group during the first quarter worth approximately $31,000.

Everus Construction Group Price Performance

Shares of NYSE ECG opened at $78.26 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 stock has a fifty day moving average price of $69.42 and a 200 day moving average price of $54.39. Everus Construction Group, Inc. has a 1-year low of $31.38 and a 1-year high of $90.00. The company has a market cap of $3.99 billion and a PE ratio of 24.15.

Everus Construction Group (NYSE:ECG) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.42. Everus Construction Group had a return on equity of 35.83% and a net margin of 5.07%.The firm had revenue of $921.47 million during the quarter, compared to the consensus estimate of $749.12 million. Everus Construction Group’s quarterly revenue was up 31.0% on a year-over-year basis. Everus Construction Group has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Everus Construction Group, Inc. will post 2.49 EPS for the current year.

Analyst Ratings Changes

ECG has been the topic of a number of research reports. Oppenheimer raised their target price on shares of Everus Construction Group from $66.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, July 18th. DA Davidson raised their target price on shares of Everus Construction Group from $68.00 to $88.00 and gave the stock a “neutral” rating in a research report on Thursday, August 14th. 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. 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. Finally, Stifel Nicolaus increased their price target on Everus Construction Group from $71.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.