Deutsche Bank AG Acquires New Holdings in Everus Construction Group, Inc. $ECG

Deutsche Bank AG bought a new stake in Everus Construction Group, Inc. (NYSE:ECG) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 163,820 shares of the company’s stock, valued at approximately $27,186,000. Deutsche Bank AG owned about 0.32% of Everus Construction Group as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in shares of Everus Construction Group by 6.7% during the 1st quarter. Parallel Advisors LLC now owns 1,200 shares of the company’s stock worth $142,000 after buying an additional 75 shares during the period. Root Financial Partners LLC lifted 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 worth $26,000 after purchasing an additional 121 shares during the last quarter. Maryland State Retirement & Pension System grew its stake in shares of Everus Construction Group by 1.4% in the fourth quarter. Maryland State Retirement & Pension System now owns 10,379 shares of the company’s stock worth $888,000 after acquiring an additional 146 shares during the last quarter. DMKC Advisory Services LLC raised its position in shares of Everus Construction Group by 4.2% during the fourth quarter. DMKC Advisory Services LLC now owns 3,762 shares of the company’s stock valued at $322,000 after buying an additional 150 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of Everus Construction Group in the 2nd quarter worth approximately $28,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ECG. Weiss Ratings restated a “hold (c+)” rating on shares of Everus Construction Group in a research note on Tuesday, August 4th. Zacks Research cut Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Stifel Nicolaus set a $172.00 target price on shares of Everus Construction Group in a research report on Friday, May 8th. Cantor Fitzgerald dropped their price objective on shares of Everus Construction Group from $174.00 to $152.00 and set a “neutral” rating for the company in a report on Thursday, August 13th. Finally, Freedom Capital upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $169.50.

Everus Construction Group Stock Performance

ECG stock opened at $125.91 on Friday. The company has a 50 day moving average price of $139.89 and a 200 day moving average price of $132.34. Everus Construction Group, Inc. has a fifty-two week low of $73.00 and a fifty-two week high of $171.58. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.59 and a quick ratio of 1.53. The stock has a market capitalization of $6.43 billion, a PE ratio of 25.33 and a beta of 2.37.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.50. Everus Construction Group had a return on equity of 38.22% and a net margin of 5.96%.The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company earned $1.03 EPS. The business’s quarterly revenue was up 33.7% compared to the same quarter last year. Analysts forecast that Everus Construction Group, Inc. will post 5.23 EPS for the current year.

Insider Activity

In other news, Director David M. Sparby acquired 1,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was purchased at an average cost of $144.95 per share, with a total value of $144,950.00. Following the acquisition, the director owned 19,658 shares of the company’s stock, valued at $2,849,427.10. This trade represents a 5.36% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Paul R. Sanderson sold 3,300 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $136.69, for a total transaction of $451,077.00. Following the transaction, the vice president owned 18,950 shares in the company, valued at approximately $2,590,275.50. The trade was a 14.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.33% of the company’s stock.

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.