Everus Construction Group, Inc. $ECG Shares Sold by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC lowered its position in shares of Everus Construction Group, Inc. (NYSE:ECG) by 72.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,744 shares of the company’s stock after selling 205,235 shares during the quarter. Neumeier Poma Investment Counsel LLC owned approximately 0.15% of Everus Construction Group worth $6,737,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ECG. Capital International Investors purchased a new stake in shares of Everus Construction Group in the third quarter valued at approximately $165,993,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Everus Construction Group by 147,209.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,260,973 shares of the company’s stock valued at $107,889,000 after purchasing an additional 1,260,117 shares in the last quarter. Invesco Ltd. grew its position in shares of Everus Construction Group by 86.4% in the third quarter. Invesco Ltd. now owns 1,795,730 shares of the company’s stock valued at $153,984,000 after purchasing an additional 832,389 shares in the last quarter. Merewether Investment Management LP purchased a new stake in shares of Everus Construction Group in the third quarter valued at approximately $24,842,000. Finally, Handelsbanken Fonder AB grew its position in shares of Everus Construction Group by 61.7% in the third quarter. Handelsbanken Fonder AB now owns 424,800 shares of the company’s stock valued at $36,427,000 after purchasing an additional 162,100 shares in the last quarter.

Everus Construction Group Trading Up 1.7%

ECG opened at $154.54 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.71 and a current ratio of 1.77. The business’s 50 day moving average price is $140.38 and its 200 day moving average price is $112.52. Everus Construction Group, Inc. has a one year low of $58.00 and a one year high of $171.58. The stock has a market capitalization of $7.89 billion, a PE ratio of 35.44 and a beta of 2.32.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Freedom Capital lowered Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Guggenheim upgraded Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 price target for the company in a research report on Thursday, April 30th. Oppenheimer assumed coverage on Everus Construction Group in a research report on Thursday, May 28th. They issued an “outperform” rating and a $185.00 price target for the company. Glj Research assumed coverage on Everus Construction Group in a research report on Monday, April 20th. They issued a “hold” rating and a $141.00 price target for the company. Finally, Stifel Nicolaus set a $172.00 price target on Everus Construction Group in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Everus Construction Group presently has a consensus rating of “Hold” and a consensus target price of $155.67.

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.