Everus Construction Group (NYSE:ECG) Stock Price Down 7.6% – Should You Sell?

Everus Construction Group, Inc. (NYSE:ECG) fell 7.6% during trading on Wednesday. The stock traded as low as $123.93 and last traded at $122.7180. Approximately 50,761 shares traded hands during trading, a decline of 92% from the average daily volume of 607,908 shares. The stock had previously closed at $132.74.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Freedom Capital upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Oppenheimer reiterated an “outperform” rating and set a $200.00 target price on shares of Everus Construction Group in a research note on Thursday, August 6th. Guggenheim increased their target price on Everus Construction Group from $160.00 to $184.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Cantor Fitzgerald cut their price target on Everus Construction Group from $174.00 to $152.00 and set a “neutral” rating on the stock in a research note on Thursday, August 13th. Finally, Weiss Ratings downgraded Everus Construction Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, September 9th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Everus Construction Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.50.

Everus Construction Group Stock Performance

The company has a current ratio of 1.59, a quick ratio of 1.53 and a debt-to-equity ratio of 0.34. The firm’s fifty day moving average price is $122.75 and its 200-day moving average price is $134.60. The firm has a market cap of $6.25 billion, a price-to-earnings ratio of 24.70 and a beta of 2.27.

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. Analysts expect that Everus Construction Group, Inc. will post 5.25 earnings per share for the current year.

Insider Transactions at Everus Construction Group

In related news, VP Paul Sanderson sold 3,300 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was 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 $2,590,275.50. This represents a 14.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Sparby purchased 1,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were purchased at an average cost of $144.95 per share, for a total transaction of $144,950.00. Following the transaction, the director owned 19,658 shares of the company’s stock, valued at $2,849,427.10. This trade represents a 5.36% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.33% of the stock is owned by corporate insiders.

Institutional Trading of Everus Construction Group

A number of large investors have recently bought and sold shares of ECG. Root Financial Partners LLC grew its position in Everus Construction Group by 126.0% during the 1st quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock worth $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 second quarter valued at about $28,000. Jones Financial Companies Lllp purchased a new stake in shares of Everus Construction Group in the second quarter valued at about $36,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Everus Construction Group during the second quarter worth about $39,000. Finally, Versant Capital Management Inc boosted its stake in shares of Everus Construction Group by 48.9% during the third quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $39,000 after buying an additional 110 shares during the period.

Everus Construction Group Company Profile

Everus Construction Group, Inc is a U.S.-based infrastructure construction company that provides services for electric, natural gas, communications and other utility networks. Its work includes the construction, maintenance and repair of power transmission and distribution systems, underground and overhead utility infrastructure, natural gas pipelines and related facilities.

The company also serves telecommunications, renewable energy, industrial and commercial customers. Its capabilities include engineering and construction, storm restoration, distribution system work, substation and transmission construction, fiber and communications infrastructure, and other specialized projects that support energy and utility networks.

Everus Construction Group was formerly known as MDU Construction Services Group and became an independent publicly traded company following its separation from MDU Resources Group in 2024.