Man Group plc Buys Shares of 7,009 Everus Construction Group, Inc. $ECG

Man Group plc bought a new position in shares of Everus Construction Group, Inc. (NYSE:ECG) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,009 shares of the company’s stock, valued at approximately $1,163,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Geneos Wealth Management Inc. increased its stake 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 purchasing an additional 198 shares in the last quarter. Root Financial Partners LLC lifted its stake in Everus Construction Group by 126.0% in the 1st quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock valued at $26,000 after buying an additional 121 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in Everus Construction Group in the 2nd quarter valued at approximately $28,000. Jones Financial Companies Lllp acquired a new stake in Everus Construction Group during the 2nd quarter valued at $36,000. Finally, McMillan Office Inc. acquired a new stake in Everus Construction Group during the 4th quarter valued at $43,000.

Insider Transactions at Everus Construction Group

In other Everus Construction Group news, VP Paul R. Sanderson sold 3,300 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $136.69, for a total value of $451,077.00. Following the sale, the vice president directly owned 18,950 shares of the company’s stock, valued at approximately $2,590,275.50. This trade represents a 14.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David M. Sparby purchased 1,000 shares of the stock in a transaction on Monday, August 17th. The stock was acquired at an average price of $144.95 per share, with a total value of $144,950.00. Following the acquisition, the director directly owned 19,658 shares in the company, valued at $2,849,427.10. This trade represents a 5.36% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.33% of the stock is currently owned by company insiders.

Everus Construction Group Stock Down 1.0%

ECG stock opened at $112.51 on Thursday. Everus Construction Group, Inc. has a one year low of $73.00 and a one year high of $171.58. The stock has a market capitalization of $5.75 billion, a P/E ratio of 22.64 and a beta of 2.29. The company has a 50 day moving average price of $133.48 and a two-hundred day moving average price of $133.83. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.53 and a current ratio of 1.59.

Everus Construction Group (NYSE:ECG) last posted its quarterly earnings data 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. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Everus Construction Group had a return on equity of 38.22% and a net margin of 5.96%.The business’s revenue was up 33.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 earnings per share. As a group, sell-side analysts expect that Everus Construction Group, Inc. will post 5.25 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Freedom Capital raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Stifel Nicolaus set a $172.00 price objective on Everus Construction Group in a research note on Friday, May 8th. Cantor Fitzgerald dropped their price objective on Everus Construction Group from $174.00 to $152.00 and set a “neutral” rating for the company in a research report on Thursday, August 13th. DA Davidson started coverage on shares of Everus Construction Group in a research note on Friday, August 21st. They issued a “buy” rating and a $168.00 target price for the company. Finally, Zacks Research upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 25th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Everus Construction Group presently has an average rating of “Moderate Buy” and a consensus target price of $169.50.

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.