Vanguard Group Inc. Sells 22,365 Shares of Everus Construction Group, Inc. $ECG

Vanguard Group Inc. lessened its stake in shares of Everus Construction Group, Inc. (NYSE:ECG) by 0.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,246,502 shares of the company’s stock after selling 22,365 shares during the quarter. Vanguard Group Inc. owned approximately 0.10% of Everus Construction Group worth $449,888,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Alliancebernstein L.P. lifted its holdings in shares of Everus Construction Group by 5.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,350,871 shares of the company’s stock worth $85,821,000 after acquiring an additional 72,775 shares during the last quarter. Frontier Capital Management Co. LLC raised its position in Everus Construction Group by 4.5% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 547,056 shares of the company’s stock worth $34,754,000 after purchasing an additional 23,716 shares during the period. Swedbank AB lifted its stake in Everus Construction Group by 66.7% in the third quarter. Swedbank AB now owns 500,000 shares of the company’s stock worth $42,875,000 after purchasing an additional 200,000 shares during the last quarter. De Lisle Partners LLP boosted its position in shares of Everus Construction Group by 12.1% during the second quarter. De Lisle Partners LLP now owns 342,430 shares of the company’s stock valued at $21,940,000 after buying an additional 37,025 shares during the period. Finally, Teacher Retirement System of Texas grew its stake in shares of Everus Construction Group by 22.7% during the third quarter. Teacher Retirement System of Texas now owns 299,696 shares of the company’s stock valued at $25,699,000 after buying an additional 55,518 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ECG shares. Weiss Ratings restated a “hold (c)” rating on shares of Everus Construction Group in a report on Thursday, January 22nd. Zacks Research lowered shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Wall Street Zen cut shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Cantor Fitzgerald began coverage on shares of Everus Construction Group in a research note on Friday, January 23rd. They issued a “neutral” rating and a $97.00 price target on the stock. Finally, Stifel Nicolaus lowered their price objective on shares of Everus Construction Group from $110.00 to $107.00 and set a “buy” rating for the company in a research report on Monday, January 26th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Everus Construction Group presently has an average rating of “Hold” and an average price target of $102.75.

Everus Construction Group Price Performance

Shares of ECG opened at $131.84 on Thursday. The stock has a market capitalization of $6.73 billion, a PE ratio of 33.46 and a beta of 3.84. The company has a 50 day moving average price of $93.80 and a 200-day moving average price of $88.11. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.76. Everus Construction Group, Inc. has a fifty-two week low of $31.38 and a fifty-two week high of $137.64.

Everus Construction Group (NYSE:ECG) last announced its earnings results on Tuesday, February 24th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.36. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $879.57 million. Everus Construction Group had a return on equity of 39.11% and a net margin of 5.39%.The business’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 EPS. Equities analysts predict 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.