Truist Financial Corp Lowers Holdings in Everus Construction Group, Inc. $ECG

Truist Financial Corp decreased its holdings in Everus Construction Group, Inc. (NYSE:ECG) by 8.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,985 shares of the company’s stock after selling 489 shares during the quarter. Truist Financial Corp’s holdings in Everus Construction Group were worth $317,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC raised its holdings in Everus Construction Group by 91.6% in the second quarter. Signaturefd LLC now owns 435 shares of the company’s stock valued at $28,000 after acquiring an additional 208 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Everus Construction Group by 7.5% in the second quarter. State of Alaska Department of Revenue now owns 30,380 shares of the company’s stock valued at $1,929,000 after acquiring an additional 2,132 shares in the last quarter. Brady Martz Wealth Solutions LLC raised its holdings in Everus Construction Group by 2.3% in the second quarter. Brady Martz Wealth Solutions LLC now owns 6,855 shares of the company’s stock valued at $435,000 after acquiring an additional 154 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in Everus Construction Group by 21.4% in the second quarter. AdvisorNet Financial Inc now owns 6,965 shares of the company’s stock valued at $442,000 after acquiring an additional 1,230 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Everus Construction Group by 30.1% in the second quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock valued at $60,000 after acquiring an additional 217 shares in the last quarter.

Everus Construction Group Stock Performance

Shares of ECG 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 firm has a market cap of $4.51 billion and a PE ratio of 27.29. The company’s 50 day simple moving average is $80.01 and its 200-day simple moving average is $64.43. Everus Construction Group, Inc. has a 12-month low of $31.38 and a 12-month high of $91.72.

Everus Construction Group (NYSE:ECG) last announced its earnings results on Tuesday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.42. The business had revenue of $921.47 million for the quarter, compared to analyst estimates of $749.12 million. Everus Construction Group had a net margin of 5.07% and a return on equity of 35.83%. The firm’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 predict that Everus Construction Group, Inc. will post 2.49 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Stifel Nicolaus raised their target price on shares of Everus Construction Group from $88.00 to $94.00 and gave the company a “buy” rating in a report on Thursday, October 9th. DA Davidson raised their price objective 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. Oppenheimer set a $90.00 price objective on shares of Everus Construction Group and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Wall Street Zen cut shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Everus Construction Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Everus Construction Group has an average rating of “Moderate Buy” and an average target price of $90.67.

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.