Alps Advisors Inc. Takes Position in Everus Construction Group, Inc. $ECG

Alps Advisors Inc. acquired a new stake in Everus Construction Group, Inc. (NYSE:ECG) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,800 shares of the company’s stock, valued at approximately $497,000.

A number of other hedge funds have also recently made changes to their positions in ECG. Swedbank AB raised its position in shares of Everus Construction Group by 66.7% in the 3rd quarter. Swedbank AB now owns 500,000 shares of the company’s stock valued at $42,875,000 after purchasing an additional 200,000 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in Everus Construction Group in the second quarter valued at approximately $11,020,000. Clifford Capital Partners LLC acquired a new position in shares of Everus Construction Group in the second quarter worth about $8,660,000. Teacher Retirement System of Texas grew its stake in Everus Construction Group by 121.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 244,178 shares of the company’s stock valued at $15,513,000 after acquiring an additional 133,922 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new position in shares of Everus Construction Group during the 2nd quarter worth about $5,856,000.

Everus Construction Group Stock Performance

Everus Construction Group stock opened at $101.30 on Friday. The firm has a market capitalization of $5.17 billion, a P/E ratio of 28.70 and a beta of 3.84. Everus Construction Group, Inc. has a 52 week low of $31.38 and a 52 week high of $105.52. 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 fifty day moving average price of $90.89 and a 200 day moving average price of $85.82.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wall Street Zen downgraded Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Zacks Research downgraded Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. DA Davidson set a $102.00 price objective on shares of Everus Construction Group in a research report on Thursday, November 6th. Guggenheim initiated coverage on shares of Everus Construction Group in a research note on Thursday, January 22nd. They issued a “neutral” rating on the stock. Finally, Oppenheimer restated an “outperform” rating and set a $105.00 price target on shares of Everus Construction Group in a research note on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $102.75.

Everus Construction Group Profile

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.