Everus Construction Group, Inc. $ECG Shares Sold by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC trimmed its stake in shares of Everus Construction Group, Inc. (NYSE:ECG) by 30.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 263,854 shares of the company’s stock after selling 113,305 shares during the quarter. Neumeier Poma Investment Counsel LLC’s holdings in Everus Construction Group were worth $16,763,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ECG. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Everus Construction Group during the 2nd quarter worth about $336,000. Intech Investment Management LLC increased its position in shares of Everus Construction Group by 116.9% in the second quarter. Intech Investment Management LLC now owns 52,512 shares of the company’s stock worth $3,336,000 after acquiring an additional 28,297 shares in the last quarter. Creative Planning raised its holdings in shares of Everus Construction Group by 2.6% during the second quarter. Creative Planning now owns 73,964 shares of the company’s stock valued at $4,699,000 after acquiring an additional 1,903 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Everus Construction Group in the 2nd quarter valued at approximately $641,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Everus Construction Group by 7.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,094 shares of the company’s stock worth $832,000 after purchasing an additional 894 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Zacks Research upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 14th. Oppenheimer reissued an “outperform” rating and set a $105.00 price target on shares of Everus Construction Group in a research report on Thursday, November 6th. DA Davidson set a $102.00 price objective on Everus Construction Group in a research report on Thursday, November 6th. Stifel Nicolaus lifted their target price on Everus Construction Group from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Everus Construction Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $100.33.

Everus Construction Group Price Performance

Shares of NYSE:ECG opened at $85.75 on Wednesday. The firm has a market cap of $4.37 billion and a price-to-earnings ratio of 24.29. Everus Construction Group, Inc. has a 1 year low of $31.38 and a 1 year high of $103.08. The company has a current ratio of 1.76, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $86.87 and a 200 day simple moving average of $73.24.

Everus Construction Group (NYSE:ECG) last issued its earnings results on Tuesday, November 4th. The company reported $1.11 earnings per share 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 company had revenue of $986.82 million for the quarter, compared to analyst estimates of $830.60 million. During the same period in the prior year, the firm posted $0.82 EPS. The business’s revenue was up 29.7% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Everus Construction Group, Inc. will post 2.49 earnings per share for the current fiscal year.

Everus Construction Group 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.