Everus Construction Group, Inc. $ECG Shares Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in Everus Construction Group, Inc. (NYSE:ECG) by 58.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,374 shares of the company’s stock after purchasing an additional 13,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Everus Construction Group were worth $4,275,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Global Retirement Partners LLC acquired a new stake in shares of Everus Construction Group during the second quarter worth $28,000. Root Financial Partners LLC acquired a new position in Everus Construction Group in the 3rd quarter valued at $25,000. Jones Financial Companies Lllp purchased a new position in Everus Construction Group during the 2nd quarter worth $36,000. Retirement Wealth Solutions LLC purchased a new position in Everus Construction Group during the 2nd quarter worth $39,000. Finally, TD Waterhouse Canada Inc. raised its position in Everus Construction Group by 82.8% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 276 shares of the company’s stock worth $33,000 after buying an additional 125 shares during the last quarter.

Insider Buying and Selling at Everus Construction Group

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Guggenheim raised their target price on shares of Everus Construction Group from $160.00 to $184.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. DA Davidson initiated coverage on shares of Everus Construction Group in a research note on Friday, August 21st. They set a “buy” rating and a $168.00 price target on the stock. Freedom Capital raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Finally, Cantor Fitzgerald reduced their price objective on shares of Everus Construction Group from $174.00 to $152.00 and set a “neutral” rating for the company in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $169.50.

Everus Construction Group Stock Performance

NYSE ECG opened at $102.07 on Monday. The business has a 50 day moving average price of $114.73 and a 200 day moving average price of $125.22. The company has a market capitalization of $5.21 billion, a P/E ratio of 20.54 and a beta of 2.36. Everus Construction Group, Inc. has a 1-year low of $78.14 and a 1-year high of $171.58. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.59 and a quick ratio of 1.53.

Everus Construction Group (NYSE:ECG) last posted its earnings results on Tuesday, August 4th. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.50. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.08 billion. Everus Construction Group had a return on equity of 38.22% and a net margin of 5.96%. Everus Construction Group’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 earnings per share. Sell-side analysts expect that Everus Construction Group, Inc. will post 5.25 EPS for the current fiscal year.

Everus Construction Group Company Profile

Everus Construction Group, Inc (NYSE: ECG) is a U.S.-based infrastructure construction company that provides services to utilities, energy companies, industrial customers, commercial businesses and government entities. The company focuses on building, upgrading and maintaining essential infrastructure across the electric, natural gas, communications and industrial sectors.

Its services include the construction and maintenance of electric transmission and distribution systems, substations, renewable energy facilities, natural gas pipelines and underground utilities.