Tudor Investment Corp ET AL Purchases Shares of 11,895 Everus Construction Group, Inc. $ECG

Tudor Investment Corp ET AL acquired a new stake in shares of Everus Construction Group, Inc. (NYSE:ECG) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 11,895 shares of the company’s stock, valued at approximately $1,020,000.

Several other hedge funds also recently made changes to their positions in the business. Gabelli Funds LLC grew its position in Everus Construction Group by 178.8% in the second quarter. Gabelli Funds LLC now owns 94,437 shares of the company’s stock worth $6,000,000 after buying an additional 60,562 shares during the last quarter. Beacon Pointe Advisors LLC lifted its position in shares of Everus Construction Group by 6.2% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 163,121 shares of the company’s stock valued at $10,363,000 after acquiring an additional 9,499 shares during the last quarter. Frontier Capital Management Co. LLC lifted its position in shares of Everus Construction Group by 4.5% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 547,056 shares of the company’s stock valued at $34,754,000 after acquiring an additional 23,716 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Everus Construction Group by 1,049.4% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 60,748 shares of the company’s stock worth $5,209,000 after acquiring an additional 55,463 shares in the last quarter. Finally, Capital International Investors bought a new stake in shares of Everus Construction Group during the 3rd quarter worth $165,993,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ECG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everus Construction Group in a research report on Thursday, January 22nd. Cantor Fitzgerald started coverage on Everus Construction Group in a research report on Friday, January 23rd. They issued a “neutral” rating and a $97.00 price target for the company. Guggenheim began coverage on Everus Construction Group in a research note on Thursday, January 22nd. They issued a “neutral” rating on the stock. DA Davidson restated a “neutral” rating and set a $102.00 price objective on shares of Everus Construction Group in a report on Wednesday, February 25th. Finally, Zacks Research raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Everus Construction Group currently has a consensus rating of “Moderate Buy” and an average price target of $102.75.

Everus Construction Group Trading Down 5.2%

NYSE ECG opened at $111.26 on Tuesday. The firm’s 50 day moving average price is $106.58 and its two-hundred day moving average price is $94.64. 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, Inc. has a twelve month low of $31.38 and a twelve month high of $137.64. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 28.24 and a beta of 3.24.

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