Everus Construction Group (NYSE:ECG) Stock Price Down 5.9% – Should You Sell?

Everus Construction Group, Inc. (NYSE:ECG)’s share price was down 5.9% during mid-day trading on Wednesday . The company traded as low as $128.01 and last traded at $127.7620. Approximately 178,660 shares changed hands during trading, a decline of 73% from the average daily volume of 651,905 shares. The stock had previously closed at $135.77.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ECG shares. Wall Street Zen lowered shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Guggenheim started coverage on shares of Everus Construction Group in a report on Thursday, January 22nd. They set a “neutral” rating for the company. DA Davidson reaffirmed a “neutral” rating and set a $102.00 target price on shares of Everus Construction Group in a report on Wednesday, February 25th. Zacks Research raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Finally, Stifel Nicolaus upped their target price on shares of Everus Construction Group to $153.00 and gave the stock a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $114.25.

Everus Construction Group Stock Performance

The firm’s 50-day moving average price is $115.74 and its two-hundred day moving average price is $98.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.76. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of 32.06 and a beta of 2.88.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.36. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $879.57 million. Everus Construction Group had a net margin of 5.39% and a return on equity of 37.06%. The company’s revenue was up 33.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. On average, analysts expect that Everus Construction Group, Inc. will post 2.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Sound Income Strategies LLC acquired a new position in Everus Construction Group in the fourth quarter valued at about $28,000. Bessemer Group Inc. lifted its position in Everus Construction Group by 68.2% in the third quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock valued at $29,000 after buying an additional 137 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in Everus Construction Group in the fourth quarter valued at about $30,000. Geneos Wealth Management Inc. lifted its position in Everus Construction Group by 105.3% in the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after buying an additional 198 shares during the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in Everus Construction Group in the third quarter valued at about $33,000.

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