WINTON GROUP Ltd Decreases Stock Position in Everus Construction Group, Inc. $ECG

WINTON GROUP Ltd cut its holdings in Everus Construction Group, Inc. (NYSE:ECG) by 22.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 113,133 shares of the company’s stock after selling 32,069 shares during the quarter. WINTON GROUP Ltd’s holdings in Everus Construction Group were worth $9,680,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ECG. Nordea Investment Management AB purchased a new stake in Everus Construction Group in the 4th quarter valued at about $4,431,000. Capital International Investors acquired a new position in Everus Construction Group in the 3rd quarter valued at about $165,993,000. Range Financial Group LLC acquired a new position in Everus Construction Group in the 4th quarter valued at about $1,146,000. Public Sector Pension Investment Board grew its position in Everus Construction Group by 14.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 198,991 shares of the company’s stock valued at $17,063,000 after acquiring an additional 25,140 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Everus Construction Group by 88.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 104,881 shares of the company’s stock valued at $8,994,000 after acquiring an additional 49,279 shares in the last quarter.

Wall Street Analysts Forecast Growth

ECG has been the subject of several research reports. Zacks Research downgraded Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Glj Research initiated coverage on Everus Construction Group in a research report on Monday, April 20th. They issued a “hold” rating and a $141.00 target price for the company. Weiss Ratings raised Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Oppenheimer initiated coverage on Everus Construction Group in a research report on Thursday, May 28th. They issued an “outperform” rating and a $185.00 target price for the company. Finally, Guggenheim raised Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 target price for the company in a research report on Thursday, April 30th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $155.67.

Everus Construction Group Stock Performance

NYSE ECG opened at $149.76 on Friday. Everus Construction Group, Inc. has a 1-year low of $58.00 and a 1-year high of $171.58. The company has a market cap of $7.64 billion, a P/E ratio of 34.35 and a beta of 2.32. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.77 and a quick ratio of 1.71. The stock has a 50-day moving average of $140.91 and a two-hundred day moving average of $112.78.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings data 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 37.17% and a net margin of 5.65%.The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $933.81 million. During the same period in the previous year, the company posted $0.72 earnings per share. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. As a group, analysts anticipate that Everus Construction Group, Inc. will post 4.39 EPS for the current 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. Everus Construction Group is based in BISMARCK, N.D.