176,605 Shares in Everus Construction Group, Inc. (NYSE:ECG) Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC bought a new stake in Everus Construction Group, Inc. (NYSE:ECG) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 176,605 shares of the company’s stock, valued at approximately $6,550,000. Segall Bryant & Hamill LLC owned 0.35% of Everus Construction Group as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in ECG. Tompkins Financial Corp bought a new position in Everus Construction Group in the first quarter valued at approximately $25,000. GAMMA Investing LLC raised its holdings in shares of Everus Construction Group by 295.6% in the 1st quarter. GAMMA Investing LLC now owns 720 shares of the company’s stock worth $27,000 after acquiring an additional 538 shares during the last quarter. Quarry LP purchased a new position in shares of Everus Construction Group in the 4th quarter worth about $36,000. Bangor Savings Bank bought a new stake in Everus Construction Group during the 1st quarter valued at $36,000. Finally, Garde Capital Inc. bought a new position in shares of Everus Construction Group in the 1st quarter worth $38,000.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of Everus Construction Group from $71.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. DA Davidson lifted their price objective on shares of Everus Construction Group from $58.00 to $68.00 and gave the company a “neutral” rating in a report on Thursday, May 15th.

Everus Construction Group Price Performance

Shares of ECG stock opened at $69.17 on Friday. Everus Construction Group, Inc. has a 52 week low of $31.38 and a 52 week high of $77.93. The company’s 50 day moving average price is $61.01 and its two-hundred day moving average price is $53.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.69 and a current ratio of 1.78.

Everus Construction Group (NYSE:ECG) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.29. The company had revenue of $826.63 million for the quarter, compared to analyst estimates of $676.35 million. Everus Construction Group had a net margin of 4.98% and a return on equity of 33.27%. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. Equities research analysts forecast that Everus Construction Group, Inc. will post 2.49 earnings per share for the current year.

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.