VIRGINIA RETIREMENT SYSTEMS ET Al Lowers Stock Holdings in Everus Construction Group, Inc. $ECG

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its position in Everus Construction Group, Inc. (NYSE:ECG) by 79.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,674 shares of the company’s stock after selling 17,700 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Everus Construction Group were worth $401,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Royal Bank of Canada boosted its stake in shares of Everus Construction Group by 155.0% in the first quarter. Royal Bank of Canada now owns 48,839 shares of the company’s stock valued at $1,811,000 after purchasing an additional 29,689 shares during the period. AQR Capital Management LLC lifted its holdings in Everus Construction Group by 90.4% during the 1st quarter. AQR Capital Management LLC now owns 161,891 shares of the company’s stock worth $5,783,000 after buying an additional 76,857 shares in the last quarter. Alliancebernstein L.P. boosted its position in Everus Construction Group by 58.2% in the 1st quarter. Alliancebernstein L.P. now owns 1,278,096 shares of the company’s stock valued at $47,405,000 after buying an additional 470,025 shares during the period. Millennium Management LLC grew its stake in shares of 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 acquiring an additional 73,128 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of 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 acquiring an additional 76,252 shares in the last quarter.

Analyst Upgrades and Downgrades

ECG has been the topic of several analyst reports. DA Davidson set a $102.00 price objective on Everus Construction Group in a research note on Thursday, November 6th. Stifel Nicolaus upped their price target on Everus Construction Group from $88.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 price target on shares of Everus Construction Group in a research report on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Everus Construction Group in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Everus Construction Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Everus Construction Group currently has an average rating of “Moderate Buy” and a consensus target price of $100.33.

Everus Construction Group Stock Performance

NYSE:ECG opened at $91.68 on Tuesday. Everus Construction Group, Inc. has a 12 month low of $31.38 and a 12 month high of $103.08. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.69. The firm has a market capitalization of $4.68 billion, a PE ratio of 25.97 and a beta of 3.84. The business’s fifty day moving average price is $90.52 and its 200 day moving average price is $81.02.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.49. Everus Construction Group had a return on equity of 36.74% and a net margin of 5.18%.The company had revenue of $986.82 million during the quarter, compared to the consensus estimate of $830.60 million. During the same period in the previous year, the business earned $0.82 EPS. Everus Construction Group’s revenue for the quarter was up 29.7% on a year-over-year basis. On average, sell-side analysts anticipate that Everus Construction Group, Inc. will post 2.49 earnings per share for the current fiscal 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.