Rudius Management LP Buys Shares of 202,759 Everus Construction Group, Inc. $ECG

Rudius Management LP bought a new stake in Everus Construction Group, Inc. (NYSE:ECG) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 202,759 shares of the company’s stock, valued at approximately $7,520,000. Everus Construction Group comprises approximately 1.5% of Rudius Management LP’s investment portfolio, making the stock its 4th biggest position. Rudius Management LP owned 0.40% of Everus Construction Group as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Comerica Bank raised its position in Everus Construction Group by 1.3% in the first quarter. Comerica Bank now owns 27,582 shares of the company’s stock valued at $1,023,000 after purchasing an additional 348 shares during the last quarter. Bragg Financial Advisors Inc raised its position in Everus Construction Group by 1.9% in the first quarter. Bragg Financial Advisors Inc now owns 149,361 shares of the company’s stock valued at $5,540,000 after purchasing an additional 2,790 shares during the last quarter. CW Advisors LLC bought a new position in Everus Construction Group in the first quarter valued at about $588,000. Oak Ridge Investments LLC bought a new position in Everus Construction Group in the first quarter valued at about $1,293,000. Finally, Lord Abbett & CO. LLC bought a new position in Everus Construction Group in the first quarter valued at about $2,428,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ECG shares. Stifel Nicolaus increased their price target on Everus Construction Group from $71.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Oppenheimer increased their price target on Everus Construction Group from $66.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. Wall Street Zen raised Everus Construction Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Zacks Research raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 14th. Finally, DA Davidson increased their price target on Everus Construction Group from $68.00 to $88.00 and gave the company a “neutral” rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Everus Construction Group has an average rating of “Moderate Buy” and a consensus price target of $80.33.

Everus Construction Group Trading Up 0.4%

NYSE ECG opened at $76.0790 on Friday. The business has a 50 day simple moving average of $68.73 and a 200 day simple moving average of $54.30. Everus Construction Group, Inc. has a one year low of $31.38 and a one year high of $90.00. The stock has a market capitalization of $3.88 billion and a P/E ratio of 23.48. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 1.69.

Everus Construction Group (NYSE:ECG) last released its earnings results on Tuesday, August 12th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.61 by $0.42. Everus Construction Group had a return on equity of 35.83% and a net margin of 5.07%.The business had revenue of $921.47 million during the quarter, compared to analysts’ expectations of $749.12 million. The business’s quarterly revenue was up 31.0% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. Research analysts expect that Everus Construction Group, Inc. will post 2.49 earnings per share 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.