Everus Construction Group, Inc. $ECG Shares Purchased by Gabelli Funds LLC

Gabelli Funds LLC grew its position in Everus Construction Group, Inc. (NYSE:ECG) by 178.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,437 shares of the company’s stock after acquiring an additional 60,562 shares during the period. Gabelli Funds LLC owned about 0.19% of Everus Construction Group worth $6,000,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Brady Martz Wealth Solutions LLC boosted its position in shares of Everus Construction Group by 2.3% during the 2nd quarter. Brady Martz Wealth Solutions LLC now owns 6,855 shares of the company’s stock valued at $435,000 after acquiring an additional 154 shares during the last quarter. Signaturefd LLC increased its stake in Everus Construction Group by 91.6% during the second quarter. Signaturefd LLC now owns 435 shares of the company’s stock worth $28,000 after purchasing an additional 208 shares during the period. Yousif Capital Management LLC lifted its holdings in Everus Construction Group by 1.1% during the 2nd quarter. Yousif Capital Management LLC now owns 19,077 shares of the company’s stock worth $1,212,000 after buying an additional 215 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Everus Construction Group by 30.1% in the second quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock valued at $60,000 after purchasing an additional 217 shares during the period. Finally, Moors & Cabot Inc. boosted its stake in shares of Everus Construction Group by 1.5% in the 2nd quarter. Moors & Cabot Inc. now owns 17,731 shares of the company’s stock valued at $1,126,000 after buying an additional 254 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ECG shares. Stifel Nicolaus increased 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 note on Thursday, October 9th. 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. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 price objective on shares of Everus Construction Group in a report on Thursday, November 6th. Wall Street Zen raised Everus Construction Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Everus Construction Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $100.33.

Everus Construction Group Stock Performance

NYSE ECG opened at $91.32 on Wednesday. The firm has a market cap of $4.66 billion and a P/E ratio of 25.87. Everus Construction Group, Inc. has a 52-week low of $31.38 and a 52-week high of $103.08. The business’s 50-day moving average price is $89.43 and its 200 day moving average price is $77.00. 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 posted its quarterly earnings data on Tuesday, November 4th. The company reported $1.11 EPS 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 firm had revenue of $986.82 million during the quarter, compared to the consensus estimate of $830.60 million. During the same period in the prior year, the business earned $0.82 EPS. The firm’s revenue was up 29.7% compared to the same quarter last year. On average, equities research analysts expect that Everus Construction Group, Inc. will post 2.49 earnings per share 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.