Jackson Creek Investment Advisors LLC Makes New Investment in Everus Construction Group, Inc. $ECG

Jackson Creek Investment Advisors LLC bought a new position in shares of Everus Construction Group, Inc. (NYSE:ECG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,589 shares of the company’s stock, valued at approximately $393,000.

Several other institutional investors have also recently made changes to their positions in the stock. Nordea Investment Management AB bought a new position in shares of Everus Construction Group in the fourth quarter worth $4,431,000. Capital International Investors bought a new position in shares of Everus Construction Group in the third quarter worth $165,993,000. Range Financial Group LLC bought a new position in shares of Everus Construction Group in the fourth quarter worth $1,146,000. Public Sector Pension Investment Board increased its holdings in shares of 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 worth $17,063,000 after purchasing an additional 25,140 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Everus Construction Group by 88.6% in the third quarter. JPMorgan Chase & Co. now owns 104,881 shares of the company’s stock worth $8,994,000 after purchasing an additional 49,279 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ECG. Weiss Ratings raised shares of Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Cantor Fitzgerald upped their price target on shares of Everus Construction Group from $115.00 to $174.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Oppenheimer began coverage on shares of Everus Construction Group in a report on Thursday. They issued an “outperform” rating and a $185.00 price target on the stock. Zacks Research cut shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, 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. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Everus Construction Group currently has an average rating of “Hold” and a consensus target price of $155.67.

Everus Construction Group Stock Down 0.1%

ECG opened at $151.35 on Friday. The stock has a market cap of $7.72 billion, a PE ratio of 34.71 and a beta of 2.55. 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 $56.10 and a 52 week high of $171.58. The business’s fifty day simple moving average is $136.99 and its 200 day simple moving average is $110.62.

Everus Construction Group (NYSE:ECG) last released its earnings results on Tuesday, May 5th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.33. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $933.81 million. Everus Construction Group had a return on equity of 37.17% and a net margin of 5.65%.The firm’s revenue was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 earnings per share. As a group, research analysts expect that Everus Construction Group, Inc. will post 4.39 earnings per share for the current fiscal year.

Everus Construction Group 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.