Everus Construction Group, Inc. $ECG Holdings Lifted by De Lisle Partners LLP

De Lisle Partners LLP increased its position in shares of Everus Construction Group, Inc. (NYSE:ECG) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 367,430 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. Everus Construction Group makes up about 4.0% of De Lisle Partners LLP’s holdings, making the stock its 3rd biggest position. De Lisle Partners LLP’s holdings in Everus Construction Group were worth $31,422,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB bought a new stake in Everus Construction Group in the fourth quarter worth about $4,431,000. Capital International Investors bought a new stake in Everus Construction Group in the third quarter worth about $165,993,000. Range Financial Group LLC bought a new stake in Everus Construction Group in the fourth quarter worth about $1,146,000. Steadtrust LLC bought a new stake in Everus Construction Group in the fourth quarter worth about $843,000. Finally, Public Sector Pension Investment Board raised its position in Everus Construction Group by 14.5% in the third quarter. Public Sector Pension Investment Board now owns 198,991 shares of the company’s stock worth $17,063,000 after acquiring an additional 25,140 shares during the period.

Everus Construction Group Stock Performance

NYSE ECG opened at $148.70 on Friday. The company’s 50 day moving average is $143.71 and its 200-day moving average is $114.92. Everus Construction Group, Inc. has a 12-month low of $58.00 and a 12-month high of $171.58. The company has a quick ratio of 1.71, a current ratio of 1.77 and a debt-to-equity ratio of 0.38. The firm has a market cap of $7.59 billion, a P/E ratio of 34.11 and a beta of 2.32.

Everus Construction Group (NYSE:ECG) last posted its quarterly earnings results 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 net margin of 5.65% and a return on equity of 37.17%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $933.81 million. During the same quarter in the previous year, the firm posted $0.72 earnings per share. The company’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 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on ECG. Glj Research began coverage on shares of Everus Construction Group in a research report on Monday, April 20th. They issued a “hold” rating and a $141.00 price objective on the stock. Guggenheim raised shares of Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 price objective on the stock in a research report on Thursday, April 30th. DA Davidson reaffirmed a “neutral” rating and issued a $102.00 price objective on shares of Everus Construction Group in a research report on Wednesday, February 25th. Zacks Research lowered shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Stifel Nicolaus set a $172.00 price objective on shares of Everus Construction Group in a research report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $155.67.

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.