Everus Construction Group, Inc. (NYSE:ECG) Given Average Rating of “Moderate Buy” by Analysts

Everus Construction Group, Inc. (NYSE:ECG) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $102.75.

Several brokerages recently weighed in on ECG. DA Davidson reissued a “neutral” rating and issued a $102.00 price objective on shares of Everus Construction Group in a report on Wednesday, February 25th. Zacks Research upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Guggenheim started coverage on shares of Everus Construction Group in a research note on Thursday, January 22nd. They issued a “neutral” rating for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Everus Construction Group in a research note on Thursday, January 22nd. Finally, Cantor Fitzgerald began coverage on shares of Everus Construction Group in a research report on Friday, January 23rd. They issued a “neutral” rating and a $97.00 price target on the stock.

Everus Construction Group Price Performance

Shares of NYSE:ECG opened at $110.55 on Friday. The company has a market capitalization of $5.64 billion, a P/E ratio of 28.06 and a beta of 3.27. The company’s 50-day moving average is $97.68 and its 200 day moving average is $90.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.76. Everus Construction Group 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 quarterly earnings data on Tuesday, February 24th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.72 by $0.36. Everus Construction Group had a net margin of 5.39% and a return on equity of 37.06%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $879.57 million. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The company’s revenue for the quarter was up 33.0% on a year-over-year basis. On average, equities research analysts forecast that Everus Construction Group will post 2.49 earnings per share for the current year.

Institutional Investors Weigh In On Everus Construction Group

A number of hedge funds and other institutional investors have recently bought and sold shares of ECG. Wealth Enhancement Advisory Services LLC lifted its position in shares of Everus Construction Group by 2.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,620 shares of the company’s stock worth $464,000 after acquiring an additional 109 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Everus Construction Group by 68.2% in the third quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock valued at $29,000 after purchasing an additional 137 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Everus Construction Group by 12.6% in the fourth quarter. GAMMA Investing LLC now owns 1,286 shares of the company’s stock valued at $110,000 after purchasing an additional 144 shares in the last quarter. Maryland State Retirement & Pension System raised its stake in shares of Everus Construction Group by 1.4% during the 4th quarter. Maryland State Retirement & Pension System now owns 10,379 shares of the company’s stock valued at $888,000 after purchasing an additional 146 shares during the period. Finally, DMKC Advisory Services LLC lifted its holdings in Everus Construction Group by 4.2% during the 4th quarter. DMKC Advisory Services LLC now owns 3,762 shares of the company’s stock worth $322,000 after purchasing an additional 150 shares in the last quarter.

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.