Everus Construction Group, Inc. $ECG Shares Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in Everus Construction Group, Inc. (NYSE:ECG) by 151.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,774 shares of the company’s stock after acquiring an additional 7,100 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Everus Construction Group were worth $1,007,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB purchased a new position in shares of Everus Construction Group in the 4th quarter valued at $4,431,000. Capital International Investors purchased a new position in shares of Everus Construction Group in the 3rd quarter valued at $165,993,000. Range Financial Group LLC purchased a new position in shares of Everus Construction Group in the 4th quarter valued at $1,146,000. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Everus Construction Group by 1,049.4% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 60,748 shares of the company’s stock worth $5,209,000 after purchasing an additional 55,463 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its position in Everus Construction Group by 14.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 198,991 shares of the company’s stock worth $17,063,000 after purchasing an additional 25,140 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ECG. Wall Street Zen downgraded shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. DA Davidson reissued a “neutral” rating and set a $102.00 price objective on shares of Everus Construction Group in a research report on Wednesday, February 25th. Stifel Nicolaus set a $172.00 price objective on shares of Everus Construction Group in a research report on Friday, May 8th. Glj Research began coverage on shares of Everus Construction Group in a research report on Monday, April 20th. They set a “hold” rating and a $141.00 price objective on the stock. Finally, Oppenheimer raised their price objective on shares of Everus Construction Group from $120.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $154.83.

Everus Construction Group Stock Down 2.7%

Shares of NYSE:ECG opened at $156.84 on Friday. The company has a market cap of $8.01 billion, a price-to-earnings ratio of 35.97 and a beta of 2.55. The firm’s 50-day simple moving average is $130.66 and its 200-day simple moving average is $106.88. The company has a quick ratio of 1.71, a current ratio of 1.77 and a debt-to-equity ratio of 0.38. Everus Construction Group, Inc. has a fifty-two week low of $55.31 and a fifty-two week high of $171.58.

Everus Construction Group (NYSE:ECG) last issued its earnings results on Tuesday, May 5th. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.33. The business had revenue of $1.04 billion for 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 business’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 earnings per share. As a group, equities research analysts predict that Everus Construction Group, Inc. will post 4.39 earnings per share for the current year.

Everus Construction Group 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.