DA Davidson Reaffirms Neutral Rating for Everus Construction Group (NYSE:ECG)

Everus Construction Group (NYSE:ECG)‘s stock had its “neutral” rating reissued by equities research analysts at DA Davidson in a report released on Wednesday,Benzinga reports. They presently have a $102.00 price target on the stock. DA Davidson’s price objective would indicate a potential downside of 16.61% from the company’s previous close.

Several other research analysts have also issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Everus Construction Group in a research report on Thursday, January 22nd. Stifel Nicolaus cut their target price on Everus Construction Group from $110.00 to $107.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Guggenheim assumed coverage on Everus Construction Group in a research report on Thursday, January 22nd. They set a “neutral” rating for the company. Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 price target on shares of Everus Construction Group in a research note on Thursday, November 6th. Finally, Cantor Fitzgerald assumed coverage on shares of Everus Construction Group in a research note on Friday, January 23rd. They set a “neutral” rating and a $97.00 price objective on the stock. Two investment 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 currently has an average rating of “Hold” and an average target price of $102.75.

Everus Construction Group Stock Down 6.0%

Shares of NYSE:ECG opened at $122.31 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.76 and a quick ratio of 1.69. The stock has a market cap of $6.24 billion, a price-to-earnings ratio of 31.04 and a beta of 3.84. The company has a 50 day moving average of $94.51 and a 200-day moving average of $88.35. Everus Construction Group has a one year low of $31.38 and a one year high of $137.64.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.36. Everus Construction Group had a net margin of 5.39% and a return on equity of 37.06%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $879.57 million. During the same period last year, the firm earned $0.67 earnings per share. The business’s revenue for the quarter was up 33.0% on a year-over-year basis. On average, sell-side analysts forecast that Everus Construction Group will post 2.49 earnings per share for the current year.

Institutional Investors Weigh In On Everus Construction Group

Hedge funds have recently modified their holdings of the business. Corient Private Wealth LLC lifted its holdings in shares of Everus Construction Group by 10.1% during the 4th quarter. Corient Private Wealth LLC now owns 4,457 shares of the company’s stock valued at $367,000 after purchasing an additional 410 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Everus Construction Group during the 4th quarter worth approximately $332,000. Summit Global Investments bought a new position in Everus Construction Group in the fourth quarter valued at approximately $1,268,000. Mackenzie Financial Corp lifted its stake in Everus Construction Group by 26.0% in the fourth quarter. Mackenzie Financial Corp now owns 20,765 shares of the company’s stock valued at $1,816,000 after buying an additional 4,285 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of Everus Construction Group by 36.3% in the fourth quarter. NewEdge Advisors LLC now owns 28,554 shares of the company’s stock valued at $2,443,000 after buying an additional 7,605 shares during the period.

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.