Granite Investment Partners LLC Sells 132,175 Shares of Everus Construction Group, Inc. $ECG

Granite Investment Partners LLC lowered its stake in Everus Construction Group, Inc. (NYSE:ECG) by 48.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 140,415 shares of the company’s stock after selling 132,175 shares during the quarter. Granite Investment Partners LLC owned about 0.28% of Everus Construction Group worth $12,041,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ECG. 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 acquiring an additional 200,000 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in Everus Construction Group in the 2nd quarter worth $11,020,000. Clifford Capital Partners LLC acquired a new position in Everus Construction Group in the 2nd quarter worth $8,660,000. Teacher Retirement System of Texas increased its holdings in Everus Construction Group by 121.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 244,178 shares of the company’s stock worth $15,513,000 after purchasing an additional 133,922 shares in the last quarter. Finally, Aberdeen Group plc acquired a new stake in shares of Everus Construction Group in the 3rd quarter valued at about $9,302,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ECG shares. Wall Street Zen downgraded Everus Construction Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 price target on shares of Everus Construction Group in a research note on Thursday, November 6th. Stifel Nicolaus cut their price objective on shares of Everus Construction Group from $110.00 to $107.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. DA Davidson set a $102.00 target price on shares of Everus Construction Group in a report on Thursday, November 6th. Finally, Zacks Research lowered shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Everus Construction Group has a consensus rating of “Hold” and a consensus target price of $102.75.

Everus Construction Group Price Performance

NYSE:ECG opened at $108.07 on Monday. The stock has a market capitalization of $5.51 billion, a PE ratio of 30.62 and a beta of 3.84. Everus Construction Group, Inc. has a 1-year low of $31.38 and a 1-year high of $109.32. The firm has a fifty day simple moving average of $92.21 and a 200 day simple moving average of $87.33. The company has a current ratio of 1.76, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47.

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.