De Lisle Partners LLP Acquires 37,025 Shares of Everus Construction Group, Inc. $ECG

De Lisle Partners LLP lifted its holdings in shares of Everus Construction Group, Inc. (NYSE:ECG) by 12.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 342,430 shares of the company’s stock after acquiring an additional 37,025 shares during the period. Everus Construction Group accounts for about 3.1% of De Lisle Partners LLP’s portfolio, making the stock its 4th biggest position. De Lisle Partners LLP’s holdings in Everus Construction Group were worth $21,940,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Brady Martz Wealth Solutions LLC lifted its holdings in Everus Construction Group by 2.3% in the second quarter. Brady Martz Wealth Solutions LLC now owns 6,855 shares of the company’s stock valued at $435,000 after buying an additional 154 shares during the period. Signaturefd LLC raised its position in shares of Everus Construction Group by 91.6% during the 2nd quarter. Signaturefd LLC now owns 435 shares of the company’s stock valued at $28,000 after acquiring an additional 208 shares during the last quarter. Yousif Capital Management LLC lifted its stake in shares of Everus Construction Group by 1.1% in the 2nd quarter. Yousif Capital Management LLC now owns 19,077 shares of the company’s stock valued at $1,212,000 after purchasing an additional 215 shares during the period. GAMMA Investing LLC boosted its position in shares of Everus Construction Group by 30.1% in the 2nd quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock worth $60,000 after purchasing an additional 217 shares during the last quarter. Finally, Moors & Cabot Inc. grew its stake in shares of Everus Construction Group by 1.5% during the second quarter. Moors & Cabot Inc. now owns 17,731 shares of the company’s stock worth $1,126,000 after purchasing an additional 254 shares during the period.

Analyst Upgrades and Downgrades

ECG has been the topic of several analyst reports. Zacks Research raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everus Construction Group in a research note on Wednesday, October 8th. Oppenheimer reiterated an “outperform” rating and issued a $105.00 price target on shares of Everus Construction Group in a research report on Thursday, November 6th. DA Davidson set a $102.00 price objective on shares of Everus Construction Group in a report on Thursday, November 6th. Finally, Stifel Nicolaus upped their target price on shares of Everus Construction Group from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Everus Construction Group currently has an average rating of “Moderate Buy” and a consensus target price of $100.33.

Everus Construction Group Price Performance

Shares of ECG opened at $91.96 on Friday. The stock has a 50 day simple moving average of $88.06 and a 200 day simple moving average of $75.25. Everus Construction Group, Inc. has a 52-week low of $31.38 and a 52-week high of $103.08. 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 firm has a market capitalization of $4.69 billion and a PE ratio of 26.05.

Everus Construction Group (NYSE:ECG) last announced 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. The firm had revenue of $986.82 million for the quarter, compared to the consensus estimate of $830.60 million. Everus Construction Group had a net margin of 5.18% and a return on equity of 36.74%. The business’s quarterly revenue was up 29.7% on a year-over-year basis. During the same period last year, the company posted $0.82 EPS. Everus Construction Group has set its FY 2025 guidance at EPS. Sell-side analysts predict that Everus Construction Group, Inc. will post 2.49 EPS for the current fiscal year.

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.