Paul Sanderson Sells 3,300 Shares of Everus Construction Group (NYSE:ECG) Stock

Everus Construction Group, Inc. (NYSE:ECG) VP Paul Sanderson sold 3,300 shares of Everus Construction Group stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $136.69, for a total transaction of $451,077.00. Following the sale, the vice president directly owned 18,950 shares in the company, valued at $2,590,275.50. This trade represents a 14.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Everus Construction Group Price Performance

Shares of NYSE:ECG traded up $2.51 during trading on Tuesday, hitting $134.40. 270,953 shares of the company were exchanged, compared to its average volume of 648,447. The company has a market capitalization of $6.86 billion, a P/E ratio of 27.05 and a beta of 2.37. Everus Construction Group, Inc. has a 1-year low of $70.93 and a 1-year high of $171.58. The company has a quick ratio of 1.53, a current ratio of 1.59 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $142.47 and its 200-day moving average is $129.97.

Everus Construction Group (NYSE:ECG) last posted its earnings results on Tuesday, August 4th. The company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.14 by $0.50. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.08 billion. Everus Construction Group had a return on equity of 38.22% and a net margin of 5.96%.The business’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period last year, the company earned $1.03 earnings per share. Equities analysts forecast that Everus Construction Group, Inc. will post 4.75 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ECG. Geneos Wealth Management Inc. raised its position in Everus Construction Group by 105.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after buying an additional 198 shares during the last quarter. Root Financial Partners LLC boosted its holdings in Everus Construction Group by 126.0% during the first quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock worth $26,000 after purchasing an additional 121 shares during the last quarter. Sound Income Strategies LLC purchased a new position in Everus Construction Group during the fourth quarter worth about $28,000. Global Retirement Partners LLC bought a new stake in Everus Construction Group in the 2nd quarter worth about $28,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in Everus Construction Group in the 4th quarter valued at about $30,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ECG shares. Glj Research began coverage on shares of Everus Construction Group in a research report on Monday, April 20th. They issued a “hold” rating and a $141.00 price target on the stock. Zacks Research lowered Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Stifel Nicolaus set a $172.00 price objective on shares of Everus Construction Group in a research report on Friday, May 8th. Cantor Fitzgerald increased their target price 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. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Everus Construction Group in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $162.17.

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.