GAMMA Investing LLC Acquires 217 Shares of Everus Construction Group, Inc. $ECG

GAMMA Investing LLC boosted its position in Everus Construction Group, Inc. (NYSE:ECG) by 30.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 937 shares of the company’s stock after purchasing an additional 217 shares during the period. GAMMA Investing LLC’s holdings in Everus Construction Group were worth $60,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Westwood Holdings Group Inc. purchased a new position in Everus Construction Group in the first quarter worth about $75,089,000. Alliancebernstein L.P. boosted its position in Everus Construction Group by 58.2% in the first quarter. Alliancebernstein L.P. now owns 1,278,096 shares of the company’s stock worth $47,405,000 after purchasing an additional 470,025 shares during the last quarter. Invesco Ltd. boosted its position in Everus Construction Group by 7.8% in the first quarter. Invesco Ltd. now owns 1,071,118 shares of the company’s stock worth $39,728,000 after purchasing an additional 77,396 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Everus Construction Group by 7.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 442,074 shares of the company’s stock worth $16,397,000 after purchasing an additional 30,961 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Everus Construction Group by 60.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 416,192 shares of the company’s stock worth $15,437,000 after purchasing an additional 156,966 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Stifel Nicolaus raised their target price on Everus Construction Group from $83.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, September 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everus Construction Group in a research report on Saturday, September 27th. DA Davidson lifted their price objective on 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 cut Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 14th. Finally, Zacks Research raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $82.00.

Everus Construction Group Stock Performance

NYSE ECG opened at $80.17 on Friday. The company has a market cap of $4.09 billion and a P/E ratio of 24.74. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.69 and a current ratio of 1.77. The business’s 50 day moving average price is $77.23 and its 200-day moving average price is $61.10. 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 released its earnings results 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 firm had revenue of $921.47 million for the quarter, compared to the consensus estimate of $749.12 million. Everus Construction Group had a return on equity of 35.83% and a net margin of 5.07%.The business’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 predict that Everus Construction Group, Inc. will post 2.49 earnings per share for the current year.

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.