Nuveen LLC Takes $4.33 Million Position in Everus Construction Group, Inc. $ECG

Nuveen LLC purchased a new stake in Everus Construction Group, Inc. (NYSE:ECG) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 116,747 shares of the company’s stock, valued at approximately $4,330,000. Nuveen LLC owned 0.23% of Everus Construction Group as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Mariner LLC acquired a new stake in Everus Construction Group during the 4th quarter worth $377,000. First Trust Advisors LP acquired a new stake in Everus Construction Group during the 4th quarter worth $1,416,000. Tower Research Capital LLC TRC acquired a new stake in Everus Construction Group during the 4th quarter worth $411,000. Stifel Financial Corp acquired a new stake in Everus Construction Group during the 4th quarter worth $1,264,000. Finally, Hsbc Holdings PLC acquired a new stake in Everus Construction Group during the 4th quarter worth $772,000.

Analysts Set New Price Targets

Several analysts recently commented on the company. Zacks Research raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 14th. Wall Street Zen raised Everus Construction Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Oppenheimer raised their price objective on Everus Construction Group from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. DA Davidson raised their price objective on Everus Construction Group from $68.00 to $88.00 and gave the stock a “neutral” rating in a research note on Thursday, August 14th. Finally, Stifel Nicolaus increased their target price 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 equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $80.33.

Everus Construction Group Price Performance

Shares of NYSE ECG opened at $78.26 on Wednesday. The stock has a market capitalization of $3.99 billion and a price-to-earnings ratio of 24.15. The business has a 50-day moving average of $69.42 and a 200-day moving average of $54.39. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 1.69. Everus Construction Group, Inc. has a fifty-two week low of $31.38 and a fifty-two week high of $90.00.

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