Everus Construction Group, Inc. $ECG Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC lifted its stake in shares of Everus Construction Group, Inc. (NYSE:ECG) by 116.9% during the second quarter, Holdings Channel.com reports. The fund owned 52,512 shares of the company’s stock after purchasing an additional 28,297 shares during the period. Intech Investment Management LLC’s holdings in Everus Construction Group were worth $3,336,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. acquired a new stake in Everus Construction Group in the first quarter worth approximately $75,089,000. Alliancebernstein L.P. lifted its holdings in shares of Everus Construction Group by 58.2% in the first quarter. Alliancebernstein L.P. now owns 1,278,096 shares of the company’s stock valued at $47,405,000 after buying an additional 470,025 shares during the period. Swedbank AB acquired a new stake in shares of Everus Construction Group in the second quarter valued at $19,059,000. Victory Capital Management Inc. boosted its stake in Everus Construction Group by 2,050.4% during the first quarter. Victory Capital Management Inc. now owns 260,752 shares of the company’s stock valued at $9,671,000 after buying an additional 248,626 shares in the last quarter. Finally, Rudius Management LP bought a new stake in Everus Construction Group in the first quarter worth about $7,520,000.

Analyst Ratings Changes

Several research firms have recently weighed in on ECG. Stifel Nicolaus raised their price objective on shares of Everus Construction Group from $88.00 to $94.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Weiss Ratings restated a “hold (c)” rating on shares of Everus Construction Group in a research report on Wednesday, October 8th. Zacks Research raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 14th. Wall Street Zen upgraded Everus Construction Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Finally, DA Davidson set a $102.00 target price on Everus Construction Group in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $100.33.

Everus Construction Group Price Performance

Shares of NYSE:ECG opened at $85.75 on Wednesday. The company’s fifty day moving average is $86.87 and its two-hundred day moving average is $73.24. The company has a market cap of $4.37 billion and a P/E ratio of 24.29. Everus Construction Group, Inc. has a 12-month low of $31.38 and a 12-month high of $103.08. The company has a quick ratio of 1.69, a current ratio of 1.76 and a debt-to-equity ratio of 0.47.

Everus Construction Group (NYSE:ECG) last issued its earnings results on Tuesday, November 4th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.62 by $0.49. Everus Construction Group had a return on equity of 36.74% and a net margin of 5.18%.The business had revenue of $986.82 million during the quarter, compared to analysts’ expectations of $830.60 million. During the same quarter last year, the firm posted $0.82 earnings per share. Everus Construction Group’s revenue was up 29.7% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. Equities analysts expect that Everus Construction Group, Inc. will post 2.49 earnings per share for the current fiscal 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.