Clear Creek Financial Management LLC Invests $916,000 in Everus Construction Group, Inc. $ECG

Clear Creek Financial Management LLC bought a new stake in shares of Everus Construction Group, Inc. (NYSE:ECG) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,681 shares of the company’s stock, valued at approximately $916,000.

Other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its position in shares of Everus Construction Group by 105.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after acquiring an additional 198 shares during the period. Bessemer Group Inc. lifted its position in Everus Construction Group by 68.2% during the third quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock valued at $29,000 after purchasing an additional 137 shares in the last quarter. Country Trust Bank purchased a new position in Everus Construction Group during the second quarter valued at $31,000. Salomon & Ludwin LLC bought a new stake in Everus Construction Group during the third quarter valued at about $33,000. Finally, GHP Investment Advisors Inc. purchased a new stake in Everus Construction Group in the second quarter worth about $37,000.

Everus Construction Group Trading Up 3.4%

Everus Construction Group stock opened at $108.07 on Friday. Everus Construction Group, Inc. has a 1 year low of $31.38 and a 1 year high of $109.32. The firm’s 50 day moving average price is $92.21 and its 200-day moving average price is $87.13. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.69. The stock has a market cap of $5.51 billion, a P/E ratio of 30.62 and a beta of 3.84.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Cantor Fitzgerald started coverage on Everus Construction Group in a research report on Friday, January 23rd. They set a “neutral” rating and a $97.00 price objective on the stock. DA Davidson set a $102.00 price target on shares of Everus Construction Group in a report on Thursday, November 6th. Zacks Research lowered shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Stifel Nicolaus decreased 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. Finally, Oppenheimer restated an “outperform” rating and set a $105.00 target price on shares of Everus Construction Group in a research note on Thursday, November 6th. 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 presently has a consensus rating of “Hold” and an average target price of $102.75.

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.