Gamco Investors INC. ET AL Sells 11,319 Shares of Everus Construction Group, Inc. $ECG

Gamco Investors INC. ET AL lowered its position in Everus Construction Group, Inc. (NYSE:ECG) by 23.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 36,225 shares of the company’s stock after selling 11,319 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Everus Construction Group were worth $4,277,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wasatch Advisors LP acquired a new position in Everus Construction Group in the 4th quarter valued at approximately $184,838,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Everus Construction Group by 147,209.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,260,973 shares of the company’s stock worth $107,889,000 after purchasing an additional 1,260,117 shares during the period. Invesco Ltd. grew its stake 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 worth $153,984,000 after purchasing an additional 832,389 shares during the last quarter. First Trust Advisors LP increased its holdings in Everus Construction Group by 109.9% in the first quarter. First Trust Advisors LP now owns 1,280,916 shares of the company’s stock valued at $151,225,000 after purchasing an additional 670,646 shares during the period. Finally, Millennium Management LLC increased its holdings in Everus Construction Group by 162.2% in the fourth quarter. Millennium Management LLC now owns 642,250 shares of the company’s stock valued at $54,951,000 after purchasing an additional 397,268 shares during the period.

Everus Construction Group Trading Down 2.1%

Shares of ECG stock opened at $127.27 on Tuesday. Everus Construction Group, Inc. has a fifty-two week low of $68.51 and a fifty-two week high of $171.58. 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 stock has a 50 day simple moving average of $146.43 and a two-hundred day simple moving average of $127.10. The company has a market cap of $6.50 billion, a P/E ratio of 29.19 and a beta of 2.23.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus set a $172.00 price target on Everus Construction Group in a research note on Friday, May 8th. Freedom Capital cut Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Glj Research assumed coverage on shares of Everus Construction Group in a research report on Monday, April 20th. They set a “hold” rating and a $141.00 target price for the company. Oppenheimer started coverage on shares of Everus Construction Group in a report on Thursday, May 28th. They set an “outperform” rating and a $185.00 price target for the company. Finally, Zacks Research upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Everus Construction Group currently has an average rating of “Moderate Buy” and a consensus target price of $155.67.

Everus Construction Group Company 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.