Whittier Trust Co. Acquires Shares of 47,557 Everus Construction Group, Inc. $ECG

Whittier Trust Co. acquired a new stake in Everus Construction Group, Inc. (NYSE:ECG) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 47,557 shares of the company’s stock, valued at approximately $5,737,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ECG. Root Financial Partners LLC increased its position in shares of Everus Construction Group by 126.0% during the 1st quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock valued at $26,000 after purchasing an additional 121 shares during the last quarter. Sound Income Strategies LLC bought a new stake in Everus Construction Group in the fourth quarter worth $28,000. Flagship Harbor Advisors LLC bought a new stake in Everus Construction Group in the fourth quarter worth $30,000. Geneos Wealth Management Inc. lifted its position in Everus Construction Group by 105.3% in the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock worth $25,000 after buying an additional 198 shares during the last quarter. Finally, McMillan Office Inc. purchased a new position in Everus Construction Group during the fourth quarter worth $43,000.

Everus Construction Group Trading Down 7.7%

Everus Construction Group stock traded down $11.05 during trading hours on Tuesday, hitting $132.81. The company had a trading volume of 147,306 shares, compared to its average volume of 656,208. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.71 and a current ratio of 1.77. The firm has a market cap of $6.78 billion, a P/E ratio of 30.48 and a beta of 2.23. The company has a 50-day moving average price of $152.07 and a two-hundred day moving average price of $122.20. Everus Construction Group, Inc. has a 1 year low of $62.92 and a 1 year high of $171.58.

Everus Construction Group (NYSE:ECG) last issued its earnings results on Tuesday, May 5th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $933.81 million. During the same period last year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Everus Construction Group, Inc. will post 4.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ECG. Stifel Nicolaus set a $172.00 target price on shares of Everus Construction Group in a research note on Friday, May 8th. Cantor Fitzgerald raised their price objective on shares of Everus Construction Group from $115.00 to $174.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Zacks Research upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th. Freedom Capital downgraded Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Guggenheim upgraded Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Everus Construction Group currently has a consensus rating of “Moderate Buy” and an average target price of $155.67.

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.