Everus Construction Group (NYSE:ECG) VP Sells $451,077.00 in Stock

Everus Construction Group, Inc. (NYSE:ECG) VP Paul Sanderson sold 3,300 shares of Everus Construction Group stock in a transaction on Friday, August 7th. The stock was sold at an average price of $136.69, for a total transaction of $451,077.00. Following the transaction, the vice president directly owned 18,950 shares of the company’s stock, valued at $2,590,275.50. The trade was a 14.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Everus Construction Group Trading Down 2.2%

Shares of ECG opened at $136.91 on Friday. Everus Construction Group, Inc. has a twelve month low of $72.43 and a twelve month high of $171.58. The company has a market cap of $6.99 billion, a P/E ratio of 27.55 and a beta of 2.37. The company has a current ratio of 1.59, a quick ratio of 1.53 and a debt-to-equity ratio of 0.34. The company’s fifty day simple moving average is $141.56 and its 200-day simple moving average is $130.92.

Everus Construction Group (NYSE:ECG) last released its earnings results on Tuesday, August 4th. The company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.50. Everus Construction Group had a net margin of 5.96% and a return on equity of 38.22%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business earned $1.03 EPS. The business’s revenue was up 33.7% on a year-over-year basis. As a group, analysts expect that Everus Construction Group, Inc. will post 5.23 EPS for the current year.

Hedge Funds Weigh In On Everus Construction Group

Hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. boosted its holdings in shares of 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 purchasing an additional 198 shares during the period. Root Financial Partners LLC increased its holdings in Everus Construction Group by 126.0% during the 1st quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock worth $26,000 after purchasing an additional 121 shares during the period. Sound Income Strategies LLC purchased a new position in Everus Construction Group during the 4th quarter worth $28,000. Global Retirement Partners LLC bought a new stake in Everus Construction Group during the 2nd quarter valued at $28,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Everus Construction Group in the 4th quarter worth $30,000.

Wall Street Analysts Forecast Growth

ECG has been the topic of a number of analyst reports. Oppenheimer reaffirmed an “outperform” rating and set a $200.00 target price on shares of Everus Construction Group in a research note on Thursday, August 6th. Freedom Capital raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Glj Research began coverage on Everus Construction Group in a report on Monday, April 20th. They set a “hold” rating and a $141.00 price objective for the company. Cantor Fitzgerald cut their price objective on Everus Construction Group from $174.00 to $152.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Zacks Research lowered Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $158.50.

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.