Everus Construction Group (NYSE:ECG) Given “Hold (C)” Rating at Weiss Ratings

Everus Construction Group (NYSE:ECG)‘s stock had its “hold (c)” rating reaffirmed by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other analysts also recently commented on ECG. Stifel Nicolaus lifted their target price on shares of Everus Construction Group from $83.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, September 11th. Zacks Research raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 14th. Wall Street Zen downgraded shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 14th. Oppenheimer set a $90.00 target price on shares of Everus Construction Group and gave the stock an “outperform” rating in a report on Tuesday. Finally, DA Davidson lifted their target price on shares of Everus Construction Group from $68.00 to $88.00 and gave the stock a “neutral” rating in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.67.

Everus Construction Group Stock Performance

Shares of ECG opened at $86.00 on Wednesday. The firm has a 50-day moving average of $77.81 and a 200-day moving average of $62.00. Everus Construction Group has a one year low of $31.38 and a one year high of $90.00. The company has a market cap of $4.39 billion and a PE ratio of 26.54. 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 (NYSE:ECG) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $1.03 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. The company’s revenue for the quarter 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 forecast that Everus Construction Group will post 2.49 earnings per share for the current year.

Institutional Trading of Everus Construction Group

A number of institutional investors have recently bought and sold shares of the business. Westwood Holdings Group Inc. bought a new stake in shares of Everus Construction Group during the 1st quarter worth approximately $75,089,000. Alliancebernstein L.P. lifted its holdings in shares of Everus Construction Group by 58.2% during the 1st quarter. Alliancebernstein L.P. now owns 1,278,096 shares of the company’s stock worth $47,405,000 after acquiring an additional 470,025 shares during the period. Swedbank AB bought a new stake in shares of Everus Construction Group during the 2nd quarter worth approximately $19,059,000. Victory Capital Management Inc. lifted its holdings in shares of Everus Construction Group by 2,050.4% during the 1st quarter. Victory Capital Management Inc. now owns 260,752 shares of the company’s stock worth $9,671,000 after acquiring an additional 248,626 shares during the period. Finally, Rudius Management LP bought a new stake in shares of Everus Construction Group during the 1st quarter worth approximately $7,520,000.

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.