Capital International Investors Invests $165.99 Million in Everus Construction Group, Inc. $ECG

Capital International Investors bought a new position in shares of Everus Construction Group, Inc. (NYSE:ECG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,935,774 shares of the company’s stock, valued at approximately $165,993,000. Capital International Investors owned approximately 3.79% of Everus Construction Group as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in ECG. Swiss National Bank boosted its holdings in Everus Construction Group by 1.5% in the third 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% during the third quarter. Russell Investments Group Ltd. now owns 125,044 shares of the company’s stock worth $10,723,000 after purchasing an additional 1,277 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Everus Construction Group by 10.7% during the 3rd 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. Natixis Advisors LLC boosted its holdings in shares of Everus Construction Group by 46.1% in the 3rd quarter. Natixis Advisors LLC now owns 16,562 shares of the company’s stock valued at $1,420,000 after buying an additional 5,224 shares in the last quarter. Finally, Integrated Quantitative Investments LLC acquired a new position in shares of Everus Construction Group in the 3rd quarter valued at $1,325,000.

Everus Construction Group Stock Performance

Shares of Everus Construction Group stock opened at $117.29 on Thursday. The firm’s fifty day simple moving average is $99.43 and its 200-day simple moving average is $91.00. Everus Construction Group, Inc. has a 12 month low of $31.38 and a 12 month high of $137.64. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 29.77 and a beta of 3.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.76 and a quick ratio of 1.70.

Everus Construction Group (NYSE:ECG) last issued 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 firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $879.57 million. During the same quarter in the prior year, the business earned $0.67 EPS. Everus Construction Group’s quarterly revenue was up 33.0% compared to the same quarter last year. As a group, equities analysts forecast that Everus Construction Group, Inc. will post 2.49 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on ECG shares. Wall Street Zen lowered shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Stifel Nicolaus decreased their price objective on shares of Everus Construction Group from $110.00 to $107.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Guggenheim began coverage on Everus Construction Group in a research report on Thursday, January 22nd. They set a “neutral” rating on the stock. Zacks Research upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Finally, Cantor Fitzgerald began coverage on Everus Construction Group in a report on Friday, January 23rd. They issued a “neutral” rating and a $97.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.