Frontier Capital Management Co. LLC Has $34.75 Million Position in Everus Construction Group, Inc. $ECG

Frontier Capital Management Co. LLC boosted its stake in Everus Construction Group, Inc. (NYSE:ECG) by 4.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 547,056 shares of the company’s stock after purchasing an additional 23,716 shares during the quarter. Frontier Capital Management Co. LLC owned about 1.07% of Everus Construction Group worth $34,754,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Everus Construction Group by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 442,074 shares of the company’s stock valued at $16,397,000 after buying an additional 30,961 shares during the period. Mutual of America Capital Management LLC acquired a new position in Everus Construction Group during the 1st quarter worth approximately $275,000. Invesco Ltd. boosted its holdings in Everus Construction Group by 7.8% in the first quarter. Invesco Ltd. now owns 1,071,118 shares of the company’s stock worth $39,728,000 after acquiring an additional 77,396 shares in the last quarter. Nuveen LLC acquired a new stake in Everus Construction Group in the first quarter valued at approximately $4,330,000. Finally, Public Sector Pension Investment Board increased its holdings in shares of Everus Construction Group by 27.4% during the first quarter. Public Sector Pension Investment Board now owns 161,718 shares of the company’s stock valued at $5,998,000 after acquiring an additional 34,761 shares in the last quarter.

Everus Construction Group Price Performance

Shares of NYSE:ECG opened at $101.18 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The stock has a market cap of $5.16 billion and a PE ratio of 28.66. The stock’s fifty day simple moving average is $90.09 and its two-hundred day simple moving average is $77.31. 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 announced its earnings results 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 net margin of 5.18% and a return on equity of 36.74%. The company had revenue of $986.82 million during the quarter, compared to the consensus estimate of $830.60 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. The firm’s revenue for the quarter was up 29.7% on a year-over-year basis. As a group, analysts forecast that Everus Construction Group, Inc. will post 2.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ECG. Weiss Ratings reiterated a “hold (c)” rating on shares of Everus Construction Group in a report on Wednesday, October 8th. 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. Oppenheimer reiterated an “outperform” rating and set a $105.00 price objective on shares of Everus Construction Group in a report on Thursday, November 6th. Stifel Nicolaus upped their target price on shares of Everus Construction Group from $88.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Finally, Zacks Research raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Everus Construction Group currently has an average rating of “Moderate Buy” and a consensus target price of $100.33.

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.