117,934 Shares in Everus Construction Group, Inc. $ECG Bought by Legal & General Group Plc

Legal & General Group Plc bought a new stake in Everus Construction Group, Inc. (NYSE:ECG) during the 2nd quarter, Holdings Channel.com reports. The firm bought 117,934 shares of the company’s stock, valued at approximately $19,571,000.

A number of other large investors have also recently bought and sold shares of ECG. Parallel Advisors LLC grew its position in Everus Construction Group by 6.7% in the first quarter. Parallel Advisors LLC now owns 1,200 shares of the company’s stock valued at $142,000 after purchasing an additional 75 shares in the last quarter. Root Financial Partners LLC increased its position in shares of Everus Construction Group by 126.0% in the first quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock valued at $26,000 after acquiring an additional 121 shares during the last quarter. Maryland State Retirement & Pension System raised its holdings in Everus Construction Group by 1.4% during the fourth quarter. Maryland State Retirement & Pension System now owns 10,379 shares of the company’s stock worth $888,000 after acquiring an additional 146 shares in the last quarter. Global Retirement Partners LLC bought a new stake in Everus Construction Group during the second quarter worth about $28,000. Finally, Geneos Wealth Management Inc. raised its holdings in Everus Construction Group by 105.3% during the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock worth $25,000 after acquiring an additional 198 shares in the last quarter.

Insiders Place Their Bets

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

Everus Construction Group Stock Performance

Shares of NYSE:ECG opened at $115.93 on Friday. Everus Construction Group, Inc. has a 12-month low of $73.00 and a 12-month high of $171.58. The company’s 50 day moving average price is $136.26 and its two-hundred day moving average price is $133.34. The firm has a market cap of $5.92 billion, a PE ratio of 23.33 and a beta of 2.37. The company has a quick ratio of 1.53, a current ratio of 1.59 and a debt-to-equity ratio of 0.34.

Everus Construction Group (NYSE:ECG) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.50. The company had revenue of $1.23 billion during 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 firm’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.03 earnings per share. Equities research analysts predict that Everus Construction Group, Inc. will post 5.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ECG. Guggenheim boosted their price target on Everus Construction Group from $160.00 to $184.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Freedom Capital raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Everus Construction Group in a report on Tuesday, August 4th. DA Davidson began coverage on shares of Everus Construction Group in a report on Friday, August 21st. They issued a “buy” rating and a $168.00 target price on the stock. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $200.00 price target on shares of Everus Construction Group in a report on Thursday, August 6th. Two investment 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.