KLP Kapitalforvaltning AS Acquires 600 Shares of Everus Construction Group, Inc. $ECG

KLP Kapitalforvaltning AS boosted its position in Everus Construction Group, Inc. (NYSE:ECG) by 6.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,400 shares of the company’s stock after purchasing an additional 600 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Everus Construction Group were worth $661,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Everus Construction Group by 295.6% during the 1st quarter. GAMMA Investing LLC now owns 720 shares of the company’s stock valued at $27,000 after acquiring an additional 538 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of Everus Construction Group during the 1st quarter valued at $716,000. Riverwater Partners LLC bought a new stake in shares of Everus Construction Group during the 1st quarter valued at $462,000. Register Financial Advisors LLC lifted its position in shares of Everus Construction Group by 31.4% during the 1st quarter. Register Financial Advisors LLC now owns 63,314 shares of the company’s stock valued at $2,348,000 after acquiring an additional 15,141 shares during the period. Finally, Garde Capital Inc. bought a new stake in shares of Everus Construction Group during the 1st quarter valued at $38,000.

Everus Construction Group Price Performance

Everus Construction Group stock opened at $88.43 on Friday. 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 capitalization of $4.51 billion and a PE ratio of 27.29. Everus Construction Group, Inc. has a 12 month low of $31.38 and a 12 month high of $91.72. The stock has a 50-day moving average price of $80.01 and a two-hundred day moving average price of $64.43.

Everus Construction Group (NYSE:ECG) last posted its earnings results on Tuesday, August 12th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.61 by $0.42. The firm had revenue of $921.47 million during 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%.Everus Construction Group’s quarterly revenue was up 31.0% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. Analysts expect that Everus Construction Group, Inc. will post 2.49 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Everus Construction Group in a research report on Wednesday, October 8th. DA Davidson upped their price objective on Everus Construction Group from $68.00 to $88.00 and gave the stock a “neutral” rating in a research report on Thursday, August 14th. Stifel Nicolaus lifted their target price on Everus Construction Group from $88.00 to $94.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Oppenheimer set a $90.00 target price on Everus Construction Group and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Finally, Zacks Research upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.67.

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.