Sierra Summit Advisors LLC Takes Position in Everus Construction Group, Inc. $ECG

Sierra Summit Advisors LLC acquired a new stake in Everus Construction Group, Inc. (NYSE:ECG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,443 shares of the company’s stock, valued at approximately $808,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB purchased a new stake in shares of Everus Construction Group in the fourth quarter valued at $4,431,000. Capital International Investors purchased a new stake in Everus Construction Group in the third quarter valued at approximately $165,993,000. Range Financial Group LLC purchased a new stake in Everus Construction Group in the fourth quarter valued at approximately $1,146,000. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Everus Construction Group by 1,049.4% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 60,748 shares of the company’s stock valued at $5,209,000 after purchasing an additional 55,463 shares during the period. Finally, Public Sector Pension Investment Board grew its holdings in Everus Construction Group by 14.5% in the third quarter. Public Sector Pension Investment Board now owns 198,991 shares of the company’s stock valued at $17,063,000 after purchasing an additional 25,140 shares during the period.

Everus Construction Group Price Performance

ECG opened at $150.91 on Friday. The company has a quick ratio of 1.71, a current ratio of 1.77 and a debt-to-equity ratio of 0.38. Everus Construction Group, Inc. has a 52-week low of $55.31 and a 52-week high of $171.58. The company has a 50 day moving average of $133.46 and a two-hundred day moving average of $108.62. The company has a market cap of $7.70 billion, a P/E ratio of 34.61 and a beta of 2.55.

Everus Construction Group (NYSE:ECG) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.33. Everus Construction Group had a net margin of 5.65% and a return on equity of 37.17%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $933.81 million. During the same period in the previous year, the firm earned $0.72 earnings per share. Everus Construction Group’s revenue for the quarter was up 25.4% on a year-over-year basis. On average, analysts expect that Everus Construction Group, Inc. will post 4.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ECG shares. Stifel Nicolaus set a $172.00 target price on shares of Everus Construction Group in a report on Friday, May 8th. DA Davidson restated a “neutral” rating and issued a $102.00 target price on shares of Everus Construction Group in a report on Wednesday, February 25th. Wall Street Zen downgraded Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Zacks Research downgraded Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Cantor Fitzgerald boosted their price target on Everus Construction Group from $115.00 to $174.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Everus Construction Group presently has a consensus rating of “Hold” and a consensus target price of $154.83.

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.