Everus Construction Group (NYSE:ECG) Reaches New 1-Year High – Time to Buy?

Everus Construction Group, Inc. (NYSE:ECG) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $101.42 and last traded at $100.89, with a volume of 354907 shares traded. The stock had previously closed at $97.81.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Zacks Research raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 14th. Weiss Ratings restated a “hold (c)” rating on shares of Everus Construction Group in a research note on Wednesday, October 8th. Stifel Nicolaus lifted their price target on shares of Everus Construction Group from $88.00 to $94.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Wall Street Zen upgraded shares of Everus Construction Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Finally, DA Davidson set a $102.00 price objective on shares of Everus Construction Group in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Everus Construction Group has a consensus rating of “Moderate Buy” and a consensus price target of $100.33.

Everus Construction Group Stock Performance

The firm has a market capitalization of $5.08 billion and a PE ratio of 28.23. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.76. The business’s fifty day simple moving average is $85.84 and its 200-day simple moving average is $71.72.

Everus Construction Group (NYSE:ECG) last released its earnings results on Tuesday, November 4th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.62 by $0.49. Everus Construction Group had a net margin of 5.18% and a return on equity of 36.74%. The firm had revenue of $986.82 million for the quarter, compared to the consensus estimate of $830.60 million. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The company’s quarterly revenue was up 29.7% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Everus Construction Group, Inc. will post 2.49 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Everus Construction Group in the second quarter worth about $273,000. Arizona State Retirement System purchased a new position in Everus Construction Group during the 1st quarter valued at approximately $515,000. Bluefin Capital Management LLC bought a new stake in Everus Construction Group in the 1st quarter worth approximately $264,000. State of New Jersey Common Pension Fund D bought a new stake in Everus Construction Group in the 2nd quarter worth approximately $2,085,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Everus Construction Group during the 2nd quarter worth approximately $359,000.

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.