Everus Construction Group, Inc. $ECG Shares Sold by Nixon Capital LLC

Nixon Capital LLC cut its stake in shares of Everus Construction Group, Inc. (NYSE:ECG) by 63.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 111,895 shares of the company’s stock after selling 192,553 shares during the quarter. Everus Construction Group comprises 2.9% of Nixon Capital LLC’s holdings, making the stock its 16th biggest position. Nixon Capital LLC’s holdings in Everus Construction Group were worth $9,595,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of ECG. Swedbank AB acquired a new stake in shares of Everus Construction Group during the second quarter worth $19,059,000. Loomis Sayles & Co. L P purchased a new position in Everus Construction Group in the 2nd quarter worth about $11,020,000. Clifford Capital Partners LLC acquired a new stake in Everus Construction Group during the 2nd quarter worth about $8,660,000. Teacher Retirement System of Texas lifted its stake in Everus Construction Group by 121.5% during the second quarter. Teacher Retirement System of Texas now owns 244,178 shares of the company’s stock valued at $15,513,000 after buying an additional 133,922 shares in the last quarter. Finally, Gamco Investors INC. ET AL purchased a new stake in Everus Construction Group during the second quarter valued at about $5,856,000.

Everus Construction Group Stock Performance

Shares of NYSE ECG opened at $85.34 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.69. Everus Construction Group, Inc. has a one year low of $31.38 and a one year high of $103.08. The business’s 50-day moving average price is $90.25 and its two-hundred day moving average price is $81.77. The company has a market capitalization of $4.35 billion, a P/E ratio of 24.18 and a beta of 3.84.

Everus Construction Group (NYSE:ECG) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.49. The company had revenue of $986.82 million during the quarter, compared to the consensus estimate of $830.60 million. Everus Construction Group had a return on equity of 36.74% and a net margin of 5.18%.The business’s quarterly revenue was up 29.7% on a year-over-year basis. During the same period last year, the business earned $0.82 EPS. Analysts anticipate that Everus Construction Group, Inc. will post 2.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Everus Construction Group in a research note on Wednesday, October 8th. Stifel Nicolaus increased 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. Oppenheimer restated an “outperform” rating and set a $105.00 price objective on shares of Everus Construction Group in a research report on Thursday, November 6th. DA Davidson set a $102.00 target price on Everus Construction Group in a research note on Thursday, November 6th. Finally, Zacks Research lowered shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $100.33.

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. Everus Construction Group is based in BISMARCK, N.D.