Mountaineer Partners Management LLC Sells 36,374 Shares of Everus Construction Group, Inc. $ECG

Mountaineer Partners Management LLC decreased its holdings in Everus Construction Group, Inc. (NYSE:ECG) by 17.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 169,844 shares of the company’s stock after selling 36,374 shares during the quarter. Everus Construction Group accounts for about 8.5% of Mountaineer Partners Management LLC’s holdings, making the stock its 2nd biggest holding. Mountaineer Partners Management LLC’s holdings in Everus Construction Group were worth $14,564,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Capital International Investors purchased a new stake in Everus Construction Group during the 3rd quarter worth approximately $165,993,000. Invesco Ltd. boosted its position in Everus Construction Group by 86.4% in the 3rd quarter. Invesco Ltd. now owns 1,795,730 shares of the company’s stock valued at $153,984,000 after buying an additional 832,389 shares during the period. Merewether Investment Management LP purchased a new position in Everus Construction Group in the 3rd quarter valued at approximately $24,842,000. Swedbank AB grew its stake in shares of 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 acquiring an additional 200,000 shares in the last quarter. Finally, Loomis Sayles & Co. L P acquired a new position in shares of Everus Construction Group in the second quarter worth $11,020,000.

Everus Construction Group Trading Up 1.8%

NYSE ECG opened at $114.61 on Tuesday. Everus Construction Group, Inc. has a 52 week low of $31.38 and a 52 week high of $137.64. The firm has a 50 day moving average of $100.92 and a two-hundred day moving average of $91.85. The company has a quick ratio of 1.70, a current ratio of 1.76 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $5.85 billion, a PE ratio of 29.09 and a beta of 3.24.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.36. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $879.57 million. Everus Construction Group had a net margin of 5.39% and a return on equity of 37.06%. The company’s revenue was up 33.0% on a year-over-year basis. During the same period last year, the business earned $0.67 EPS. As a group, research analysts expect that Everus Construction Group, Inc. will post 2.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. DA Davidson reiterated a “neutral” rating and issued a $102.00 price objective on shares of Everus Construction Group in a research note on Wednesday, February 25th. Wall Street Zen cut Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Weiss Ratings restated a “hold (c)” rating on shares of Everus Construction Group in a report on Thursday, January 22nd. Cantor Fitzgerald began coverage on Everus Construction Group in a report on Friday, January 23rd. They set a “neutral” rating and a $97.00 price target on the stock. Finally, Stifel Nicolaus reduced their price target on Everus Construction Group from $110.00 to $107.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $102.75.

Everus Construction Group Company Profile

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.