Everus Construction Group, Inc. (NYSE:ECG) Receives $100.33 Average Price Target from Analysts

Shares of Everus Construction Group, Inc. (NYSE:ECG) have been given an average rating of “Moderate Buy” by the six research firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $100.3333.

A number of research firms have recently weighed in on ECG. Zacks Research upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Everus Construction Group in a research note on Wednesday, October 8th. Stifel Nicolaus boosted their target price on shares of 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 reiterated an “outperform” rating and set a $105.00 price target on shares of Everus Construction Group in a report on Thursday, November 6th. Finally, DA Davidson set a $102.00 price target on Everus Construction Group in a research note on Thursday, November 6th.

Institutional Trading of Everus Construction Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Westwood Holdings Group Inc. bought a new position in Everus Construction Group in the 1st quarter valued at approximately $75,089,000. Capital International Investors acquired a new position in Everus Construction Group in the 3rd quarter valued at approximately $165,993,000. Invesco Ltd. increased its position in Everus Construction Group by 86.4% in the 3rd quarter. Invesco Ltd. now owns 1,795,730 shares of the company’s stock valued at $153,984,000 after acquiring an additional 832,389 shares during the period. Alliancebernstein L.P. raised its stake in shares of Everus Construction Group by 5.7% during the second quarter. Alliancebernstein L.P. now owns 1,350,871 shares of the company’s stock valued at $85,821,000 after acquiring an additional 72,775 shares during the last quarter. Finally, Frontier Capital Management Co. LLC lifted its holdings in shares of Everus Construction Group by 4.5% during the second quarter. Frontier Capital Management Co. LLC now owns 547,056 shares of the company’s stock worth $34,754,000 after purchasing an additional 23,716 shares during the period.

Everus Construction Group Trading Up 1.4%

Shares of ECG opened at $91.96 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.76. Everus Construction Group has a 52-week low of $31.38 and a 52-week high of $103.08. The firm has a market cap of $4.69 billion and a price-to-earnings ratio of 26.05. The business’s fifty day moving average is $88.06 and its 200-day moving average is $75.25.

Everus Construction Group (NYSE:ECG) last released 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 business had revenue of $986.82 million for the quarter, compared to analyst estimates of $830.60 million. During the same period last year, the firm posted $0.82 earnings per share. Everus Construction Group’s revenue was up 29.7% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. Equities analysts anticipate that Everus Construction Group will post 2.49 EPS 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.