Everus Construction Group (NYSE:ECG) Stock Gets Price Target Cut from Stifel Nicolaus

Everus Construction Group (NYSE:ECG) had its target price lowered by Stifel Nicolaus from $172.00 to $139.00 in a report published on Tuesday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other analysts have also weighed in on ECG. Weiss Ratings upgraded shares of Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Wall Street Zen raised shares of Everus Construction Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 7th. Oppenheimer cut their target price on shares of Everus Construction Group from $200.00 to $170.00 and set an “outperform” rating on the stock in a research note on Thursday, November 5th. Guggenheim raised their price target on shares of Everus Construction Group from $160.00 to $184.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Freedom Capital upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Everus Construction Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.17.

Everus Construction Group Stock Down 2.0%

Shares of NYSE:ECG opened at $87.29 on Tuesday. Everus Construction Group has a 1 year low of $70.44 and a 1 year high of $171.58. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.53 and a quick ratio of 1.48. The business’s 50-day moving average is $109.26 and its 200-day moving average is $125.10. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 15.45 and a beta of 2.36.

Everus Construction Group (NYSE:ECG) last released its earnings results on Tuesday, November 3rd. The company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.31 by $0.48. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Everus Construction Group had a return on equity of 39.18% and a net margin of 6.20%. The firm’s revenue was up 40.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.11 earnings per share. Equities research analysts predict that Everus Construction Group will post 6.16 earnings per share for the current year.

Insider Activity at Everus Construction Group

In other news, Director David Sparby bought 1,000 shares of the stock in a transaction dated Monday, August 17th. The shares were bought at an average cost of $144.95 per share, with a total value of $144,950.00. Following the completion of the transaction, the director directly owned 19,658 shares of the company’s stock, valued at $2,849,427.10. This trade represents a 5.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.33% of the stock is currently owned by corporate insiders.

Institutional Trading of Everus Construction Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Everus Construction Group in the second quarter valued at $1,094,243,000. First Trust Advisors LP increased its position in shares of Everus Construction Group by 109.9% during the first quarter. First Trust Advisors LP now owns 1,280,916 shares of the company’s stock worth $151,225,000 after acquiring an additional 670,646 shares in the last quarter. De Lisle Partners LLP acquired a new stake in shares of Everus Construction Group in the 2nd quarter worth about $59,936,000. Bank of New York Mellon Corp acquired a new stake in shares of Everus Construction Group in the 2nd quarter worth about $46,211,000. Finally, Bank of America Corp DE bought a new stake in Everus Construction Group during the 2nd quarter worth approximately $39,784,000.

Everus Construction Group Company Profile

Everus Construction Group provides construction services for commercial, industrial, institutional and utility customers. Its work includes electrical and mechanical construction, fire protection, and the building and maintenance of infrastructure for energy and utility systems. The company also performs utility and civil construction, including work on electric transmission and distribution lines, underground utilities, pipelines, water and sewer systems, and transportation-related infrastructure.