4,345 Shares in Everus Construction Group, Inc. $ECG Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC bought a new stake in shares of Everus Construction Group, Inc. (NYSE:ECG) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,345 shares of the company’s stock, valued at approximately $273,000.

Other large investors have also modified their holdings of the company. Westwood Holdings Group Inc. purchased a new stake in shares of Everus Construction Group in the first quarter valued at approximately $75,089,000. Alliancebernstein L.P. increased its position in shares of Everus Construction Group by 58.2% during 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 in the last quarter. Swedbank AB acquired a new position in shares of Everus Construction Group during the second quarter worth $19,059,000. Victory Capital Management Inc. increased its position in shares of Everus Construction Group by 2,050.4% during the first quarter. Victory Capital Management Inc. now owns 260,752 shares of the company’s stock worth $9,671,000 after purchasing an additional 248,626 shares in the last quarter. Finally, Rudius Management LP acquired a new position in shares of Everus Construction Group during the first quarter worth $7,520,000.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ECG. Wall Street Zen lowered shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everus Construction Group in a report on Saturday. Zacks Research raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 14th. Stifel Nicolaus upped their price target 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. Finally, Oppenheimer set a $90.00 price target on shares of Everus Construction Group and gave the company an “outperform” rating in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.67.

Everus Construction Group Stock Up 7.1%

ECG stock opened at $93.73 on Friday. The company has a market cap of $4.78 billion and a price-to-earnings ratio of 28.93. The company has a current ratio of 1.77, a quick ratio of 1.69 and a debt-to-equity ratio of 0.53. Everus Construction Group, Inc. has a 12 month low of $31.38 and a 12 month high of $94.84. The firm has a 50-day moving average of $81.36 and a two-hundred day moving average of $66.49.

Everus Construction Group (NYSE:ECG) last released 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. The company had revenue of $921.47 million during the quarter, compared to the consensus estimate of $749.12 million. Everus Construction Group had a net margin of 5.07% and a return on equity of 35.83%. The company’s revenue was up 31.0% on a year-over-year basis. Everus Construction Group has set its FY 2025 guidance at EPS. As a group, analysts forecast that Everus Construction Group, Inc. will post 2.49 earnings per share for the current fiscal year.

About Everus Construction Group

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.