Everus Construction Group, Inc. $ECG Shares Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Everus Construction Group, Inc. (NYSE:ECG) by 7.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,094 shares of the company’s stock after acquiring an additional 894 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Everus Construction Group were worth $832,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ECG. Police & Firemen s Retirement System of New Jersey lifted its stake in shares of Everus Construction Group by 5.3% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 19,454 shares of the company’s stock valued at $1,236,000 after purchasing an additional 973 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Everus Construction Group by 40.6% in the second quarter. PNC Financial Services Group Inc. now owns 8,252 shares of the company’s stock valued at $524,000 after buying an additional 2,382 shares during the period. Boston Partners lifted its position in Everus Construction Group by 21.2% during the second quarter. Boston Partners now owns 21,010 shares of the company’s stock valued at $1,335,000 after buying an additional 3,682 shares in the last quarter. Americana Partners LLC acquired a new position in Everus Construction Group during the second quarter valued at approximately $235,000. Finally, EFG Asset Management North America Corp. purchased a new stake in Everus Construction Group during the second quarter worth approximately $2,978,000.

Analyst Ratings Changes

A number of brokerages have recently commented on ECG. Wall Street Zen raised shares of Everus Construction Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Zacks Research raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 14th. Weiss Ratings restated a “hold (c)” rating on shares of Everus Construction Group in a research note on Wednesday, October 8th. Oppenheimer reiterated an “outperform” rating and issued a $105.00 target price on shares of Everus Construction Group in a research note on Thursday, November 6th. Finally, DA Davidson set a $102.00 price target on Everus Construction Group in a research report on Thursday, November 6th. One research 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 company’s stock. Based on data from MarketBeat, Everus Construction Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.33.

Everus Construction Group Trading Up 4.8%

NYSE:ECG opened at $86.46 on Tuesday. The stock has a market cap of $4.41 billion and a price-to-earnings ratio of 24.49. 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 quick ratio of 1.69 and a current ratio of 1.76. The business’s 50-day simple moving average is $87.26 and its 200 day simple moving average is $74.29.

Everus Construction Group (NYSE:ECG) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $986.82 million during the quarter, compared to analyst estimates of $830.60 million. During the same quarter last year, the firm earned $0.82 EPS. Everus Construction Group’s quarterly revenue was up 29.7% on a year-over-year basis. Everus Construction Group has set its FY 2025 guidance at EPS. As a group, sell-side 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.