Everus Construction Group (NYSE:ECG) Given New $107.00 Price Target at Stifel Nicolaus

Everus Construction Group (NYSE:ECG) had its target price lowered by Stifel Nicolaus from $110.00 to $107.00 in a report released on Monday morning, MarketBeat reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other research analysts have also issued reports on the company. DA Davidson set a $102.00 target price on Everus Construction Group in a research report on Thursday, November 6th. Cantor Fitzgerald started coverage on Everus Construction Group in a report on Friday. They issued a “neutral” rating and a $97.00 price target for the company. Zacks Research cut shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. 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, Guggenheim began coverage on shares of Everus Construction Group in a report on Thursday. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Everus Construction Group presently has a consensus rating of “Hold” and an average target price of $102.75.

Everus Construction Group Stock Performance

Shares of NYSE:ECG opened at $91.68 on Monday. The firm has a 50 day moving average of $89.40 and a 200 day moving average of $83.75. The company has a quick ratio of 1.69, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 25.97 and a beta of 3.84. Everus Construction Group has a 52 week low of $31.38 and a 52 week high of $103.08.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.49. The business had revenue of $986.82 million for the quarter, compared to the consensus estimate of $830.60 million. Everus Construction Group had a return on equity of 36.74% and a net margin of 5.18%.The business’s revenue was up 29.7% compared to the same quarter last year. During the same period last year, the business posted $0.82 EPS. On average, sell-side analysts predict that Everus Construction Group will post 2.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Everus Construction Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ECG. Capital International Investors purchased a new stake in shares of Everus Construction Group during the third quarter worth about $165,993,000. Invesco Ltd. lifted its position in shares of Everus Construction Group by 86.4% in the third 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 in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Everus Construction Group by 5.7% in the second quarter. Alliancebernstein L.P. now owns 1,350,871 shares of the company’s stock worth $85,821,000 after acquiring an additional 72,775 shares during the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of Everus Construction Group by 4.5% in the second quarter. Frontier Capital Management Co. LLC now owns 547,056 shares of the company’s stock worth $34,754,000 after acquiring an additional 23,716 shares during the last quarter. Finally, Swedbank AB increased its position in shares of Everus Construction Group by 66.7% during the third quarter. Swedbank AB now owns 500,000 shares of the company’s stock worth $42,875,000 after purchasing an additional 200,000 shares in the last quarter.

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. Everus Construction Group is based in BISMARCK, N.D.