Boston Partners Acquires 3,682 Shares of Everus Construction Group, Inc. $ECG

Boston Partners grew its holdings in shares of Everus Construction Group, Inc. (NYSE:ECG) by 21.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 21,010 shares of the company’s stock after purchasing an additional 3,682 shares during the period. Boston Partners’ holdings in Everus Construction Group were worth $1,335,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. XTX Topco Ltd bought a new position in Everus Construction Group during the 1st quarter valued at approximately $801,000. Arkadios Wealth Advisors purchased a new stake in shares of Everus Construction Group in the first quarter worth $405,000. Jefferies Financial Group Inc. increased 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 valued at $1,391,000 after acquiring an additional 25,325 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of Everus Construction Group by 2.3% in the 1st quarter. Moors & Cabot Inc. now owns 17,477 shares of the company’s stock worth $648,000 after purchasing an additional 387 shares during the last quarter. Finally, Westwood Holdings Group Inc. purchased a new position in shares of Everus Construction Group in the 1st quarter worth about $75,089,000.

Analyst Ratings Changes

Several brokerages recently commented on ECG. DA Davidson set a $102.00 price objective on shares of Everus Construction Group in a research report on Thursday, November 6th. Stifel Nicolaus raised their price target on shares of Everus Construction Group from $88.00 to $94.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Zacks Research upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 14th. 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, Weiss Ratings reissued a “hold (c)” rating on shares of Everus Construction Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Everus Construction Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.33.

Everus Construction Group Price Performance

Shares of ECG opened at $91.96 on Monday. The firm has a fifty day simple moving average of $88.06 and a two-hundred day simple moving average of $75.36. The firm has a market cap of $4.69 billion and a PE ratio of 26.05. The company has a current ratio of 1.76, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. Everus Construction Group, Inc. has a 1-year low of $31.38 and a 1-year high of $103.08.

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