Everus Construction Group, Inc. (NYSE:ECG) Stock Has Consensus Price Target of $169.50 According to Brokerages

Shares of Everus Construction Group, Inc. (NYSE:ECG) have received an average recommendation of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $169.50.

A number of equities research analysts have commented on ECG shares. Cantor Fitzgerald decreased their price target on Everus Construction Group from $174.00 to $152.00 and set a “neutral” rating on the stock in a report on Thursday, August 13th. Guggenheim increased their target price on Everus Construction Group from $160.00 to $184.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Zacks Research lowered shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Freedom Capital raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, DA Davidson initiated coverage on shares of Everus Construction Group in a research report on Friday, August 21st. They set a “buy” rating and a $168.00 target price for the company.

Everus Construction Group Stock Performance

ECG opened at $96.80 on Friday. The company has a 50 day simple moving average of $118.24 and a two-hundred day simple moving average of $134.15. 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 cap of $4.94 billion, a P/E ratio of 19.48 and a beta of 2.27. Everus Construction Group has a 1-year low of $78.14 and a 1-year high of $171.58.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.14 by $0.50. Everus Construction Group had a net margin of 5.96% and a return on equity of 38.22%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the firm earned $1.03 EPS. The company’s revenue was up 33.7% on a year-over-year basis. Equities analysts forecast that Everus Construction Group will post 5.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Everus Construction Group news, VP Paul Sanderson sold 3,300 shares of Everus Construction Group stock in a transaction on Friday, August 7th. The shares were sold at an average price of $136.69, for a total value of $451,077.00. Following the sale, the vice president directly owned 18,950 shares in the company, valued at approximately $2,590,275.50. The trade was a 14.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Sparby purchased 1,000 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was bought at an average price of $144.95 per share, for a total transaction of $144,950.00. Following the purchase, the director owned 19,658 shares in the company, valued at approximately $2,849,427.10. This represents a 5.36% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC purchased a new stake in Everus Construction Group during the second quarter valued at $28,000. Root Financial Partners LLC purchased a new position in shares of Everus Construction Group in the 3rd quarter worth $25,000. Jones Financial Companies Lllp purchased a new position in shares of Everus Construction Group in the 2nd quarter worth $36,000. Retirement Wealth Solutions LLC purchased a new position in shares of Everus Construction Group in the 2nd quarter worth $39,000. Finally, TD Waterhouse Canada Inc. increased its holdings in shares of Everus Construction Group by 82.8% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 276 shares of the company’s stock worth $33,000 after buying an additional 125 shares during the last quarter.

About Everus Construction Group

Everus Construction Group, Inc (NYSE: ECG) is a U.S.-based infrastructure construction company that provides services to utilities, energy companies, industrial customers, commercial businesses and government entities. The company focuses on building, upgrading and maintaining essential infrastructure across the electric, natural gas, communications and industrial sectors.

Its services include the construction and maintenance of electric transmission and distribution systems, substations, renewable energy facilities, natural gas pipelines and underground utilities.