Fox Run Management L.L.C. Invests $1.34 Million in Everus Construction Group, Inc. $ECG

Fox Run Management L.L.C. purchased a new position in shares of Everus Construction Group, Inc. (NYSE:ECG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 15,706 shares of the company’s stock, valued at approximately $1,344,000.

Several other large investors also recently modified their holdings of the stock. Capital International Investors purchased a new stake in shares of Everus Construction Group during the 3rd quarter worth approximately $165,993,000. Invesco Ltd. increased its stake in shares of Everus Construction Group by 86.4% during the 3rd quarter. Invesco Ltd. now owns 1,795,730 shares of the company’s stock worth $153,984,000 after purchasing an additional 832,389 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Everus Construction Group by 5.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,350,871 shares of the company’s stock worth $85,821,000 after purchasing an additional 72,775 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Everus Construction Group by 147,209.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,260,973 shares of the company’s stock valued at $107,889,000 after buying an additional 1,260,117 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Everus Construction Group by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 1,149,507 shares of the company’s stock valued at $98,369,000 after buying an additional 29,652 shares in the last quarter.

Everus Construction Group Stock Down 4.0%

Everus Construction Group stock opened at $146.59 on Wednesday. Everus Construction Group, Inc. has a 1-year low of $58.00 and a 1-year high of $171.58. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 33.62 and a beta of 2.32. The company has a current ratio of 1.77, a quick ratio of 1.71 and a debt-to-equity ratio of 0.38. The firm has a 50 day simple moving average of $142.25 and a 200 day simple moving average of $113.87.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.81 by $0.33. Everus Construction Group had a net margin of 5.65% and a return on equity of 37.17%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $933.81 million. During the same period last year, the firm earned $0.72 EPS. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. On average, analysts predict that Everus Construction Group, Inc. will post 4.39 earnings per share for the current year.

Wall Street Analyst Weigh In

ECG has been the subject of a number of recent research reports. Cantor Fitzgerald lifted their price objective on shares of Everus Construction Group from $115.00 to $174.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. DA Davidson reiterated a “neutral” rating and issued a $102.00 price objective on shares of Everus Construction Group in a research note on Wednesday, February 25th. Guggenheim upgraded shares of Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Thursday, April 30th. Oppenheimer initiated coverage on shares of Everus Construction Group in a research note on Thursday, May 28th. They issued an “outperform” rating and a $185.00 price objective for the company. Finally, Zacks Research lowered shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $155.67.

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.