Everus Construction Group, Inc. (NYSE:ECG) Given Consensus Rating of “Moderate Buy” by Brokerages

Everus Construction Group, Inc. (NYSE:ECG) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $102.75.

Several equities analysts have weighed in on the company. Guggenheim initiated coverage on Everus Construction Group in a research note on Thursday, January 22nd. They issued a “neutral” rating on the stock. DA Davidson restated a “neutral” rating and set a $102.00 target price on shares of Everus Construction Group in a research report on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everus Construction Group in a research note on Thursday, January 22nd. Zacks Research upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Finally, Stifel Nicolaus reduced 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 note on Monday, January 26th.

Hedge Funds Weigh In On Everus Construction Group

Several institutional investors and hedge funds have recently made changes to their positions in ECG. Nordea Investment Management AB bought a new stake in shares of Everus Construction Group in the fourth quarter worth about $4,431,000. Gabelli Funds LLC raised its position in shares of Everus Construction Group by 178.8% during the second quarter. Gabelli Funds LLC now owns 94,437 shares of the company’s stock worth $6,000,000 after purchasing an additional 60,562 shares during the period. Beacon Pointe Advisors LLC lifted its holdings in shares of Everus Construction Group by 6.2% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 163,121 shares of the company’s stock valued at $10,363,000 after purchasing an additional 9,499 shares in the last quarter. Frontier Capital Management Co. LLC lifted its holdings in shares of Everus Construction Group by 4.5% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 547,056 shares of the company’s stock valued at $34,754,000 after purchasing an additional 23,716 shares in the last quarter. Finally, Capital International Investors acquired a new position in shares of Everus Construction Group in the 3rd quarter valued at approximately $165,993,000.

Everus Construction Group Price Performance

ECG opened at $118.08 on Wednesday. The company has a fifty day moving average price of $107.10 and a two-hundred day moving average price of $94.92. The firm has a market capitalization of $6.02 billion, a PE ratio of 29.97 and a beta of 3.24. Everus Construction Group has a 52 week low of $31.38 and a 52 week high of $137.64. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.76.

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, beating analysts’ consensus estimates of $0.72 by $0.36. Everus Construction Group had a return on equity of 37.06% and a net margin of 5.39%.The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $879.57 million. During the same quarter in the prior year, the business posted $0.67 EPS. The firm’s quarterly revenue was up 33.0% on a year-over-year basis. As a group, analysts anticipate that Everus Construction Group will post 2.49 earnings per share for the current year.

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.