Focus Partners Advisor Solutions LLC Makes New $408,000 Investment in Everus Construction Group, Inc. $ECG

Focus Partners Advisor Solutions LLC purchased a new position in shares of Everus Construction Group, Inc. (NYSE:ECG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,426 shares of the company’s stock, valued at approximately $408,000.

A number of other institutional investors also recently added to or reduced their stakes in ECG. Westwood Holdings Group Inc. acquired a new position in Everus Construction Group during the 1st quarter worth $75,089,000. Alliancebernstein L.P. boosted its position in Everus Construction Group by 58.2% during the 1st quarter. Alliancebernstein L.P. now owns 1,278,096 shares of the company’s stock worth $47,405,000 after acquiring an additional 470,025 shares during the period. Swedbank AB acquired a new position in Everus Construction Group during the 2nd quarter worth $19,059,000. Victory Capital Management Inc. boosted its position in Everus Construction Group by 2,050.4% during the 1st quarter. Victory Capital Management Inc. now owns 260,752 shares of the company’s stock worth $9,671,000 after acquiring an additional 248,626 shares during the period. Finally, Rudius Management LP acquired a new position in Everus Construction Group during the 1st quarter worth $7,520,000.

Wall Street Analysts Forecast Growth

ECG has been the subject of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Everus Construction Group in a research report on Wednesday, October 8th. Oppenheimer set a $90.00 price objective on Everus Construction Group and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Zacks Research raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 14th. Stifel Nicolaus boosted their price objective on Everus Construction Group from $88.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Finally, DA Davidson boosted their price objective on Everus Construction Group from $68.00 to $88.00 and gave the stock 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 three have issued a Hold rating to the company. Based on data from MarketBeat, Everus Construction Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.67.

Everus Construction Group Stock Down 2.5%

Shares of Everus Construction Group stock opened at $89.64 on Friday. The stock’s fifty day moving average is $82.60 and its 200-day moving average is $67.94. The firm has a market capitalization of $4.57 billion and a PE ratio of 27.67. The company has a quick ratio of 1.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.53. Everus Construction Group, Inc. has a 12-month low of $31.38 and a 12-month high of $95.90.

Everus Construction Group (NYSE:ECG) last announced its earnings results on Tuesday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.42. The company had revenue of $921.47 million for the quarter, compared to analyst estimates of $749.12 million. Everus Construction Group had a return on equity of 35.83% and a net margin of 5.07%.Everus Construction Group’s revenue for the quarter was up 31.0% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. Equities analysts anticipate 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.