Everus Construction Group (NYSE:ECG) Director Acquires $144,950.00 in Stock

Everus Construction Group, Inc. (NYSE:ECG) Director David Sparby acquired 1,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was purchased at an average price of $144.95 per share, for a total transaction of $144,950.00. Following the completion of the transaction, the director owned 19,658 shares in the company, valued at $2,849,427.10. The trade was 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 this link.

Everus Construction Group Stock Down 3.7%

Shares of Everus Construction Group stock opened at $124.71 on Friday. Everus Construction Group, Inc. has a one year low of $73.00 and a one year high of $171.58. The company has a market cap of $6.37 billion, a P/E ratio of 25.09 and a beta of 2.37. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.53 and a current ratio of 1.59. The firm has a fifty day moving average of $140.34 and a two-hundred day moving average of $132.38.

Everus Construction Group (NYSE:ECG) last issued its earnings results on Tuesday, August 4th. The company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.50. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.08 billion. Everus Construction Group had a net margin of 5.96% and a return on equity of 38.22%. The business’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 earnings per share. On average, analysts forecast that Everus Construction Group, Inc. will post 5.23 earnings per share for the current year.

Wall Street Analyst Weigh In

ECG has been the subject of several recent analyst reports. Guggenheim raised their price target on Everus Construction Group from $160.00 to $184.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Everus Construction Group in a report on Tuesday, August 4th. Freedom Capital upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Zacks Research cut shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Cantor Fitzgerald decreased their target price on Everus Construction Group from $174.00 to $152.00 and set a “neutral” rating on the stock in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Everus Construction Group has a consensus rating of “Moderate Buy” and a consensus price target of $169.50.

Hedge Funds Weigh In On Everus Construction Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Chesapeake Wealth Management purchased a new position in shares of Everus Construction Group in the second quarter valued at $244,000. Piedmont Capital Management LLC acquired a new position in Everus Construction Group in the second quarter worth about $237,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Everus Construction Group by 27.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 148,046 shares of the company’s stock valued at $24,568,000 after acquiring an additional 32,131 shares during the last quarter. Navellier & Associates Inc. increased its stake in Everus Construction Group by 156.4% during the second quarter. Navellier & Associates Inc. now owns 7,820 shares of the company’s stock valued at $1,298,000 after purchasing an additional 4,770 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in shares of Everus Construction Group by 1,339.1% during the 2nd quarter. Hsbc Holdings PLC now owns 148,213 shares of the company’s stock valued at $24,421,000 after buying an additional 137,914 shares during the last quarter.

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.