Barrow Hanley Mewhinney & Strauss LLC Sells 275,242 Shares of Everus Construction Group, Inc. $ECG

Barrow Hanley Mewhinney & Strauss LLC lessened its holdings in Everus Construction Group, Inc. (NYSE:ECG) by 9.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,665,008 shares of the company’s stock after selling 275,242 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 5.22% of Everus Construction Group worth $228,524,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ECG. Mackenzie Financial Corp bought a new position in shares of Everus Construction Group during the third quarter valued at $1,413,000. Capital International Investors purchased a new stake in Everus Construction Group during the 3rd quarter valued at about $165,993,000. Swiss National Bank increased its stake in Everus Construction Group by 1.5% during the 3rd quarter. Swiss National Bank now owns 93,897 shares of the company’s stock valued at $8,052,000 after purchasing an additional 1,400 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Everus Construction Group by 1.0% in the third quarter. Russell Investments Group Ltd. now owns 125,044 shares of the company’s stock worth $10,723,000 after buying an additional 1,277 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in Everus Construction Group by 10.7% in the third quarter. Private Advisor Group LLC now owns 19,432 shares of the company’s stock worth $1,666,000 after buying an additional 1,875 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have commented on ECG. Guggenheim began coverage on Everus Construction Group in a research note on Thursday, January 22nd. They set a “neutral” rating on the stock. Stifel Nicolaus lowered their price target on Everus Construction Group from $110.00 to $107.00 and set a “buy” rating on the stock in a report on Monday, January 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everus Construction Group in a research report on Thursday, January 22nd. Zacks Research upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Finally, DA Davidson reissued a “neutral” rating and issued a $102.00 target price on shares of Everus Construction Group in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $102.75.

Everus Construction Group Price Performance

NYSE ECG opened at $116.02 on Wednesday. The company has a market capitalization of $5.92 billion, a PE ratio of 29.45 and a beta of 3.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.76. The business’s fifty day moving average is $98.79 and its 200 day moving average is $90.82. Everus Construction Group, Inc. has a fifty-two week low of $31.38 and a fifty-two week high of $137.64.

Everus Construction Group (NYSE:ECG) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $1.08 earnings per share for the quarter, topping 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 business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $879.57 million. During the same period in the prior year, the business posted $0.67 earnings per share. The company’s revenue was up 33.0% on a year-over-year basis. Sell-side analysts predict that Everus Construction Group, Inc. will post 2.49 earnings per share for the current year.

Everus Construction Group Company 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.