Vanguard Group Inc. Sells 64,216 Shares of Everus Construction Group, Inc. $ECG

Vanguard Group Inc. trimmed its holdings in shares of Everus Construction Group, Inc. (NYSE:ECG) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,182,286 shares of the company’s stock after selling 64,216 shares during the quarter. Vanguard Group Inc. owned about 0.10% of Everus Construction Group worth $443,396,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC lifted its position in shares of Everus Construction Group by 2.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,620 shares of the company’s stock worth $464,000 after buying an additional 109 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Everus Construction Group by 68.2% during the 3rd quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock valued at $29,000 after acquiring an additional 137 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Everus Construction Group by 12.6% during the 4th quarter. GAMMA Investing LLC now owns 1,286 shares of the company’s stock valued at $110,000 after acquiring an additional 144 shares during the last quarter. Amalgamated Bank raised its stake in shares of Everus Construction Group by 1.1% in the 3rd quarter. Amalgamated Bank now owns 15,531 shares of the company’s stock valued at $1,332,000 after acquiring an additional 163 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in Everus Construction Group by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 14,336 shares of the company’s stock worth $1,229,000 after purchasing an additional 197 shares during the last quarter.

Everus Construction Group Stock Performance

ECG opened at $168.09 on Wednesday. The company has a quick ratio of 1.70, a current ratio of 1.76 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average price is $123.61 and its two-hundred day moving average price is $102.93. The firm has a market capitalization of $8.58 billion, a P/E ratio of 42.66 and a beta of 2.55. Everus Construction Group, Inc. has a 12-month low of $43.86 and a 12-month high of $169.85.

Everus Construction Group (NYSE:ECG) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.33. Everus Construction Group had a return on equity of 37.06% and a net margin of 5.39%.The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $933.81 million. During the same period in the previous year, the company earned $0.72 earnings per share. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. On average, equities analysts forecast that Everus Construction Group, Inc. will post 4.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everus Construction Group in a research report on Tuesday, April 21st. Glj Research began coverage on shares of Everus Construction Group in a research report on Monday, April 20th. They issued a “hold” rating and a $141.00 price target on the stock. Stifel Nicolaus boosted their price objective on shares of Everus Construction Group to $153.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. DA Davidson reaffirmed a “neutral” rating and set a $102.00 price objective on shares of Everus Construction Group in a report on Wednesday, February 25th. Finally, Cantor Fitzgerald initiated coverage on shares of Everus Construction Group in a research note on Friday, January 23rd. They issued a “neutral” rating and a $97.00 target price on the stock. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $126.33.

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