Everus Construction Group, Inc. $ECG Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its position in Everus Construction Group, Inc. (NYSE:ECG) by 44.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,299 shares of the company’s stock after selling 8,339 shares during the period. Hsbc Holdings PLC’s holdings in Everus Construction Group were worth $1,194,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Oppenheimer Asset Management Inc. lifted its stake in shares of Everus Construction Group by 120.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 51,474 shares of the company’s stock worth $4,404,000 after buying an additional 28,164 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Everus Construction Group in the 4th quarter valued at about $924,000. Jackson Creek Investment Advisors LLC purchased a new position in Everus Construction Group in the 4th quarter worth approximately $393,000. Lecap Asset Management Ltd. acquired a new position in shares of Everus Construction Group during the 4th quarter worth approximately $625,000. Finally, Steadtrust LLC acquired a new position in shares of Everus Construction Group during the 4th quarter worth approximately $843,000.

Analyst Ratings Changes

ECG has been the topic of a number of analyst reports. Stifel Nicolaus set a $172.00 price objective on Everus Construction Group in a research report on Friday, May 8th. Freedom Capital lowered Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Glj Research initiated 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 target on the stock. Cantor Fitzgerald raised their price objective on shares of Everus Construction Group from $115.00 to $174.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Finally, Zacks Research raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Everus Construction Group presently has a consensus rating of “Moderate Buy” and an average target price of $155.67.

Everus Construction Group Price Performance

NYSE:ECG opened at $117.12 on Wednesday. Everus Construction Group, Inc. has a 52 week low of $68.51 and a 52 week high of $171.58. The company has a quick ratio of 1.71, a current ratio of 1.77 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $5.98 billion, a P/E ratio of 26.86 and a beta of 2.23. The stock’s fifty day moving average is $145.85 and its two-hundred day moving average is $127.30.

Everus Construction Group (NYSE:ECG) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.33. The business had revenue of $1.04 billion during 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 was up 25.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.72 EPS. Equities analysts expect that Everus Construction Group, Inc. will post 4.39 EPS for the current year.

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.