Geode Capital Management LLC Sells 2,861 Shares of Everus Construction Group, Inc. $ECG

Geode Capital Management LLC lessened its holdings in shares of Everus Construction Group, Inc. (NYSE:ECG) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,084,950 shares of the company’s stock after selling 2,861 shares during the period. Geode Capital Management LLC owned approximately 2.13% of Everus Construction Group worth $68,937,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ECG. Essex Investment Management Co. LLC raised its holdings in Everus Construction Group by 63.4% during the 1st quarter. Essex Investment Management Co. LLC now owns 37,174 shares of the company’s stock worth $1,379,000 after buying an additional 14,423 shares during the period. XTX Topco Ltd acquired a new position in shares of Everus Construction Group in the first quarter valued at approximately $801,000. Arkadios Wealth Advisors bought a new stake in shares of Everus Construction Group during the first quarter worth $405,000. Jefferies Financial Group Inc. raised its holdings in shares of Everus Construction Group by 208.0% during the first quarter. Jefferies Financial Group Inc. now owns 37,500 shares of the company’s stock worth $1,391,000 after acquiring an additional 25,325 shares during the period. Finally, Moors & Cabot Inc. raised its holdings in shares of Everus Construction Group by 2.3% during the first quarter. Moors & Cabot Inc. now owns 17,477 shares of the company’s stock worth $648,000 after acquiring an additional 387 shares during the period.

Analyst Upgrades and Downgrades

ECG has been the subject of a number of research analyst reports. DA Davidson set a $102.00 target price on shares of Everus Construction Group in a research note on Thursday, November 6th. Oppenheimer restated an “outperform” rating and issued a $105.00 price target on shares of Everus Construction Group in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everus Construction Group in a research report on Wednesday, October 8th. Zacks Research upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 14th. Finally, Stifel Nicolaus boosted 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $100.33.

Everus Construction Group Trading Up 2.9%

Shares of NYSE:ECG opened at $82.72 on Monday. The company’s 50-day moving average price is $87.12 and its two-hundred day moving average price is $74.02. Everus Construction Group, Inc. has a one year low of $31.38 and a one year high of $103.08. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.69. The stock has a market capitalization of $4.22 billion and a PE ratio of 23.43.

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

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.