Everus Construction Group, Inc. (NYSE:ECG) Receives Average Rating of “Moderate Buy” from Analysts

Everus Construction Group, Inc. (NYSE:ECG) has earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $155.6667.

Several research firms have commented on ECG. Glj Research began coverage on shares of Everus Construction Group in a research report on Monday, April 20th. They issued a “hold” rating and a $141.00 target price for the company. Cantor Fitzgerald upped their price objective on shares of Everus Construction Group from $115.00 to $174.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. DA Davidson reaffirmed a “neutral” rating and set a $102.00 price objective on shares of Everus Construction Group in a report on Wednesday, February 25th. Zacks Research raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Monday, June 15th. Finally, Weiss Ratings raised shares of Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC bought a new position in shares of Everus Construction Group during the 1st quarter worth about $230,000. Bank of America Corp DE increased its holdings in shares of Everus Construction Group by 30.5% during the 1st quarter. Bank of America Corp DE now owns 144,724 shares of the company’s stock worth $17,086,000 after purchasing an additional 33,793 shares during the period. Amundi increased its holdings in shares of Everus Construction Group by 2,791.2% during the 1st quarter. Amundi now owns 116,081 shares of the company’s stock worth $13,705,000 after purchasing an additional 112,066 shares during the period. California State Teachers Retirement System increased its holdings in shares of Everus Construction Group by 23.1% during the 1st quarter. California State Teachers Retirement System now owns 57,084 shares of the company’s stock worth $6,739,000 after purchasing an additional 10,726 shares during the period. Finally, Rithm Capital Corp. increased its holdings in shares of Everus Construction Group by 23.5% during the 1st quarter. Rithm Capital Corp. now owns 10,500 shares of the company’s stock worth $1,240,000 after purchasing an additional 2,000 shares during the period.

Everus Construction Group Stock Performance

ECG stock opened at $157.84 on Monday. The company has a quick ratio of 1.71, a current ratio of 1.77 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $8.06 billion, a price-to-earnings ratio of 36.20 and a beta of 2.32. Everus Construction Group has a 12 month low of $58.08 and a 12 month high of $171.58. The firm has a 50 day moving average of $146.94 and a two-hundred day moving average of $117.23.

Everus Construction Group (NYSE:ECG) last posted its earnings results on Tuesday, May 5th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.81 by $0.33. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $933.81 million. Everus Construction Group had a net margin of 5.65% and a return on equity of 37.17%. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 earnings per share. As a group, equities analysts anticipate that Everus Construction Group will post 4.39 EPS for the current fiscal year.

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.