Asset Management One Co. Ltd. Sells 30,338 Shares of Everus Construction Group, Inc. $ECG

Asset Management One Co. Ltd. lessened its stake in shares of Everus Construction Group, Inc. (NYSE:ECG) by 42.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,567 shares of the company’s stock after selling 30,338 shares during the quarter. Asset Management One Co. Ltd. owned about 0.08% of Everus Construction Group worth $2,577,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in ECG. Westwood Holdings Group Inc. bought a new stake in Everus Construction Group during the 1st quarter valued at approximately $75,089,000. Alliancebernstein L.P. lifted its position 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 buying an additional 470,025 shares during the period. Swedbank AB bought a new position in shares of Everus Construction Group during the 2nd quarter worth approximately $19,059,000. Victory Capital Management Inc. lifted its position 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 buying an additional 248,626 shares during the period. Finally, Rudius Management LP bought a new position in shares of Everus Construction Group during the 1st quarter worth approximately $7,520,000.

Analyst Ratings Changes

A number of research firms recently weighed in on ECG. Wall Street Zen cut Everus Construction Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 14th. Stifel Nicolaus lifted their price objective on Everus Construction Group from $88.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Oppenheimer set a $90.00 price objective on Everus Construction Group and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Zacks Research upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Everus Construction Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Everus Construction Group has a consensus rating of “Moderate Buy” and an average target price of $90.67.

Everus Construction Group Stock Performance

Shares of Everus Construction Group stock opened at $91.68 on Thursday. The firm has a market cap of $4.68 billion and a price-to-earnings ratio of 28.30. The stock’s 50-day moving average is $82.33 and its 200-day moving average is $67.79. Everus Construction Group, Inc. has a one year low of $31.38 and a one year high of $95.90. 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 released its earnings results on Tuesday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.42. Everus Construction Group had a return on equity of 35.83% and a net margin of 5.07%.The business had revenue of $921.47 million for the quarter, compared to analyst estimates of $749.12 million. The company’s revenue was up 31.0% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. Equities analysts predict 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.