Oppenheimer Asset Management Inc. Purchases 28,164 Shares of Everus Construction Group, Inc. $ECG

Oppenheimer Asset Management Inc. grew its position in shares of Everus Construction Group, Inc. (NYSE:ECG) by 120.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 51,474 shares of the company’s stock after acquiring an additional 28,164 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Everus Construction Group were worth $4,404,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ECG. Royal Bank of Canada boosted its position in shares of Everus Construction Group by 155.0% during the 1st quarter. Royal Bank of Canada now owns 48,839 shares of the company’s stock valued at $1,811,000 after acquiring an additional 29,689 shares during the last quarter. Millennium Management LLC lifted its position in Everus Construction Group by 42.7% in the first quarter. Millennium Management LLC now owns 244,421 shares of the company’s stock worth $9,066,000 after buying an additional 73,128 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Everus Construction Group by 74.4% in the first quarter. Goldman Sachs Group Inc. now owns 178,790 shares of the company’s stock worth $6,631,000 after buying an additional 76,252 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Everus Construction Group by 33.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 140,397 shares of the company’s stock worth $5,207,000 after buying an additional 34,868 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in Everus Construction Group by 184.4% in the first quarter. Jane Street Group LLC now owns 71,323 shares of the company’s stock worth $2,645,000 after buying an additional 46,247 shares during the last quarter.

Analysts Set New Price Targets

ECG has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Everus Construction Group in a research report on Tuesday, April 21st. Guggenheim upgraded Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 price target for the company in a research report on Thursday. Cantor Fitzgerald initiated coverage on Everus Construction Group in a research report on Friday, January 23rd. They issued a “neutral” rating and a $97.00 price target for the company. DA Davidson restated a “neutral” rating and issued a $102.00 price target on shares of Everus Construction Group in a research report on Wednesday, February 25th. Finally, 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 price target for the company. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $126.33.

Everus Construction Group Stock Up 1.2%

NYSE:ECG opened at $149.15 on Friday. Everus Construction Group, Inc. has a twelve month low of $43.25 and a twelve month high of $149.88. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 37.85 and a beta of 2.56. The stock has a fifty day simple moving average of $122.41 and a 200-day simple moving average of $102.29. The company has a current ratio of 1.76, a quick ratio of 1.70 and a debt-to-equity ratio of 0.42.

Everus Construction Group (NYSE:ECG) last released its earnings results on Tuesday, February 24th. The company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.36. Everus Construction Group had a return on equity of 37.06% and a net margin of 5.39%.The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $879.57 million. During the same period last year, the company earned $0.67 earnings per share. The business’s revenue for the quarter was up 33.0% compared to the same quarter last year. Analysts anticipate that Everus Construction Group, Inc. will post 4.1 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.