Bank of Montreal Can Acquires 563 Shares of Everus Construction Group, Inc. $ECG

Bank of Montreal Can grew its holdings in shares of Everus Construction Group, Inc. (NYSE:ECG) by 4.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 14,079 shares of the company’s stock after purchasing an additional 563 shares during the period. Bank of Montreal Can’s holdings in Everus Construction Group were worth $894,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC increased its position in Everus Construction Group by 91.6% during the 2nd quarter. Signaturefd LLC now owns 435 shares of the company’s stock valued at $28,000 after buying an additional 208 shares in the last quarter. GHP Investment Advisors Inc. purchased a new stake in shares of Everus Construction Group in the second quarter worth $37,000. Hilltop National Bank purchased a new position in shares of Everus Construction Group in the 2nd quarter worth about $41,000. Caitong International Asset Management Co. Ltd raised its position in shares of Everus Construction Group by 112,700.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,128 shares of the company’s stock worth $42,000 after purchasing an additional 1,127 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Everus Construction Group by 30.1% in the 2nd quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock worth $60,000 after purchasing an additional 217 shares in the last quarter.

Everus Construction Group Stock Down 1.8%

ECG opened at $89.97 on Friday. The stock has a market capitalization of $4.59 billion and a price-to-earnings ratio of 25.49. The firm has a 50 day moving average price of $86.43 and a 200-day moving average price of $72.42. Everus Construction Group, Inc. has a twelve month low of $31.38 and a twelve month high of $103.08. The company has a quick ratio of 1.69, a current ratio of 1.76 and a debt-to-equity ratio of 0.47.

Everus Construction Group (NYSE:ECG) last issued its earnings results on Tuesday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.49. The company had revenue of $986.82 million for the quarter, compared to analysts’ expectations of $830.60 million. Everus Construction Group had a net margin of 5.18% and a return on equity of 36.74%. The firm’s quarterly revenue was up 29.7% on a year-over-year basis. During the same quarter last year, the company posted $0.82 earnings per share. Everus Construction Group has set its FY 2025 guidance at EPS. Equities research analysts forecast that Everus Construction Group, Inc. will post 2.49 earnings per share for the current year.

Analyst Ratings Changes

ECG has been the subject of a number of analyst reports. Oppenheimer restated an “outperform” rating and set a $105.00 price objective on shares of Everus Construction Group in a research note on Thursday, November 6th. Zacks Research upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Everus Construction Group in a research report on Wednesday, October 8th. Wall Street Zen raised Everus Construction Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Finally, Stifel Nicolaus increased their target price on Everus Construction Group from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $100.33.

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.