American Century Companies Inc. Sells 37,105 Shares of Everus Construction Group, Inc. $ECG

American Century Companies Inc. cut its position in Everus Construction Group, Inc. (NYSE:ECG) by 8.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 413,635 shares of the company’s stock after selling 37,105 shares during the quarter. American Century Companies Inc. owned 0.81% of Everus Construction Group worth $35,469,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ECG. Bessemer Group Inc. increased its stake in Everus Construction Group by 68.2% in the third quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock valued at $29,000 after acquiring an additional 137 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Everus Construction Group by 105.3% during the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after purchasing an additional 198 shares in the last quarter. Salomon & Ludwin LLC bought a new stake in Everus Construction Group during the third quarter worth $33,000. Country Trust Bank bought a new stake in Everus Construction Group during the second quarter worth $31,000. Finally, Quent Capital LLC acquired a new stake in shares of Everus Construction Group in the 3rd quarter valued at $53,000.

Everus Construction Group Trading Down 1.3%

NYSE ECG opened at $110.55 on Friday. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 28.06 and a beta of 3.27. Everus Construction Group, Inc. has a twelve month low of $31.38 and a twelve month high of $137.64. The company has a quick ratio of 1.70, a current ratio of 1.76 and a debt-to-equity ratio of 0.42. The business’s fifty day moving average is $97.68 and its 200 day moving average is $90.14.

Everus Construction Group (NYSE:ECG) last issued its earnings results on Tuesday, February 24th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.36. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $879.57 million. Everus Construction Group had a return on equity of 37.06% and a net margin of 5.39%.The business’s revenue for the quarter was up 33.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 EPS. As a group, sell-side analysts expect that Everus Construction Group, Inc. will post 2.49 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ECG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Everus Construction Group in a research note on Thursday, January 22nd. Wall Street Zen lowered Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Cantor Fitzgerald initiated coverage on Everus Construction Group in a research report on Friday, January 23rd. They issued a “neutral” rating and a $97.00 target price on the stock. Guggenheim initiated coverage on Everus Construction Group in a research note on Thursday, January 22nd. They set a “neutral” rating for the company. Finally, Zacks Research raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.