Aberdeen Group plc Purchases New Shares in Everus Construction Group, Inc. $ECG

Aberdeen Group plc acquired a new stake in Everus Construction Group, Inc. (NYSE:ECG) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 112,083 shares of the company’s stock, valued at approximately $9,302,000. Aberdeen Group plc owned 0.22% of Everus Construction Group as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ECG. Royal Bank of Canada boosted its stake in shares of Everus Construction Group by 155.0% in the first quarter. Royal Bank of Canada now owns 48,839 shares of the company’s stock valued at $1,811,000 after buying an additional 29,689 shares during the period. Millennium Management LLC increased its stake in Everus Construction Group by 42.7% during the 1st quarter. Millennium Management LLC now owns 244,421 shares of the company’s stock worth $9,066,000 after acquiring an additional 73,128 shares during the period. Goldman Sachs Group Inc. raised its holdings in Everus Construction Group by 74.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 178,790 shares of the company’s stock valued at $6,631,000 after acquiring an additional 76,252 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Everus Construction Group by 33.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 140,397 shares of the company’s stock valued at $5,207,000 after acquiring an additional 34,868 shares during the period. Finally, Jane Street Group LLC lifted its position in shares of Everus Construction Group by 184.4% during the 1st quarter. Jane Street Group LLC now owns 71,323 shares of the company’s stock valued at $2,645,000 after acquiring an additional 46,247 shares during the period.

Everus Construction Group Stock Performance

Shares of ECG opened at $104.64 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.69. Everus Construction Group, Inc. has a one year low of $31.38 and a one year high of $107.65. The stock has a 50-day moving average of $91.81 and a 200-day moving average of $86.87. The company has a market cap of $5.34 billion, a PE ratio of 29.64 and a beta of 3.84.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Cantor Fitzgerald started coverage on Everus Construction Group in a research report on Friday, January 23rd. They issued a “neutral” rating and a $97.00 price target on the stock. Zacks Research downgraded shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Stifel Nicolaus decreased their target price on shares of Everus Construction Group from $110.00 to $107.00 and set a “buy” rating on the stock in a report on Monday, January 26th. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 price target on shares of Everus Construction Group in a report on Thursday, November 6th. Finally, DA Davidson set a $102.00 price target on shares of Everus Construction Group in a research report on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.