Clifford Capital Partners LLC Has $15.69 Million Stock Position in Everus Construction Group, Inc. $ECG

Clifford Capital Partners LLC raised its stake in shares of Everus Construction Group, Inc. (NYSE:ECG) by 35.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 183,330 shares of the company’s stock after buying an additional 47,566 shares during the quarter. Everus Construction Group comprises 2.7% of Clifford Capital Partners LLC’s portfolio, making the stock its 24th biggest position. Clifford Capital Partners LLC’s holdings in Everus Construction Group were worth $15,686,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC grew its position 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 worth $110,000 after buying an additional 144 shares during the period. Maryland State Retirement & Pension System grew its position in shares of Everus Construction Group by 1.4% during the 4th quarter. Maryland State Retirement & Pension System now owns 10,379 shares of the company’s stock worth $888,000 after buying an additional 146 shares during the period. DMKC Advisory Services LLC grew its position in shares of Everus Construction Group by 4.2% during the 4th quarter. DMKC Advisory Services LLC now owns 3,762 shares of the company’s stock worth $322,000 after buying an additional 150 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Everus Construction Group by 105.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock worth $25,000 after buying an additional 198 shares during the period. Finally, Kestra Advisory Services LLC grew its position in shares of Everus Construction Group by 5.6% during the 4th quarter. Kestra Advisory Services LLC now owns 4,292 shares of the company’s stock worth $367,000 after buying an additional 226 shares during the period.

Everus Construction Group Price Performance

Shares of ECG opened at $154.23 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.71 and a current ratio of 1.77. The stock has a 50 day simple moving average of $145.59 and a 200 day simple moving average of $116.48. Everus Construction Group, Inc. has a 52-week low of $58.08 and a 52-week high of $171.58. The firm has a market capitalization of $7.87 billion, a PE ratio of 35.37 and a beta of 2.32.

Everus Construction Group (NYSE:ECG) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $933.81 million. During the same period in the previous year, the firm earned $0.72 EPS. Everus Construction Group’s quarterly revenue was up 25.4% compared to the same quarter last year. Sell-side analysts predict that Everus Construction Group, Inc. will post 4.39 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ECG shares. Oppenheimer started coverage on Everus Construction Group in a research report on Thursday, May 28th. They set an “outperform” rating and a $185.00 target price for the company. Zacks Research upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Monday. Stifel Nicolaus set a $172.00 target price on Everus Construction Group in a research report on Friday, May 8th. Guggenheim upgraded 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. Finally, Freedom Capital lowered Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $155.67.

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.