Everus Construction Group, Inc. $ECG Shares Acquired by Navellier & Associates Inc.

Navellier & Associates Inc. increased its stake in shares of Everus Construction Group, Inc. (NYSE:ECG) by 156.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,820 shares of the company’s stock after purchasing an additional 4,770 shares during the quarter. Navellier & Associates Inc.’s holdings in Everus Construction Group were worth $1,298,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its holdings in Everus Construction Group by 105.3% in the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after acquiring an additional 198 shares in the last quarter. Root Financial Partners LLC increased its position in shares of Everus Construction Group by 126.0% in the 1st quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock valued at $26,000 after purchasing an additional 121 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Everus Construction Group in the 2nd quarter valued at approximately $28,000. Jones Financial Companies Lllp acquired a new stake in shares of Everus Construction Group in the 2nd quarter valued at $36,000. Finally, McMillan Office Inc. acquired a new stake in shares of Everus Construction Group in the 4th quarter valued at $43,000.

Everus Construction Group Price Performance

Shares of NYSE:ECG opened at $115.93 on Friday. The company’s fifty day moving average price is $136.26 and its 200 day moving average price is $133.34. Everus Construction Group, Inc. has a 12 month low of $73.00 and a 12 month high of $171.58. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.59 and a quick ratio of 1.53. The firm has a market capitalization of $5.92 billion, a P/E ratio of 23.33 and a beta of 2.37.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.50. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Everus Construction Group had a net margin of 5.96% and a return on equity of 38.22%. Everus Construction Group’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share. As a group, sell-side analysts predict that Everus Construction Group, Inc. will post 5.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Cantor Fitzgerald decreased their price objective on shares of Everus Construction Group from $174.00 to $152.00 and set a “neutral” rating for the company in a research report on Thursday, August 13th. DA Davidson began coverage on Everus Construction Group in a report on Friday, August 21st. They issued a “buy” rating and a $168.00 target price on the stock. Zacks Research upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 25th. Freedom Capital raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, Stifel Nicolaus set a $172.00 price objective on Everus Construction Group in a research report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.50.

Insider Activity

In other news, Director David M. Sparby bought 1,000 shares of Everus Construction Group stock in a transaction dated Monday, August 17th. The stock was acquired at an average cost of $144.95 per share, with a total value of $144,950.00. Following the acquisition, the director owned 19,658 shares of the company’s stock, valued at approximately $2,849,427.10. This trade represents a 5.36% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Paul R. Sanderson sold 3,300 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $136.69, for a total value of $451,077.00. Following the completion of the sale, the vice president directly owned 18,950 shares of the company’s stock, valued at approximately $2,590,275.50. This trade represents a 14.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.33% of the stock is currently owned by insiders.

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.