Everus Construction Group, Inc. (NYSE:ECG) Stock Has Consensus Target Price of $169.50 According to Analysts

Everus Construction Group, Inc. (NYSE:ECG) has earned an average rating of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $169.50.

Several equities analysts recently issued reports on the company. Zacks Research upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 25th. Guggenheim lifted their price target on shares of Everus Construction Group from $160.00 to $184.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Cantor Fitzgerald decreased their price objective on shares of Everus Construction Group from $174.00 to $152.00 and set a “neutral” rating on the stock in a research report on Thursday, August 13th. Freedom Capital raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Finally, Oppenheimer restated an “outperform” rating and issued a $200.00 target price on shares of Everus Construction Group in a report on Thursday, August 6th.

Insider Transactions at Everus Construction Group

In other news, VP Paul R. Sanderson sold 3,300 shares of the 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 of the company’s stock, valued at approximately $2,590,275.50. This trade represents a 14.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David M. Sparby purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was purchased at an average price of $144.95 per share, with a total value of $144,950.00. Following the completion of the purchase, the director directly owned 19,658 shares of the company’s stock, valued at approximately $2,849,427.10. This represents a 5.36% increase in their position. The SEC filing for this purchase provides additional information. 0.33% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Root Financial Partners LLC raised its holdings in shares of Everus Construction Group by 126.0% during the first quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock valued at $26,000 after buying an additional 121 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in Everus Construction Group in the 2nd quarter valued at about $28,000. Jones Financial Companies Lllp acquired a new position in Everus Construction Group in the second quarter worth approximately $36,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Everus Construction Group during the second quarter worth $39,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Everus Construction Group in the 2nd quarter worth about $58,000.

Everus Construction Group Price Performance

ECG stock opened at $116.71 on Wednesday. The business has a 50 day moving average price of $124.00 and a 200 day moving average price of $134.13. 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 stock has a market cap of $5.96 billion, a price-to-earnings ratio of 23.48 and a beta of 2.28. Everus Construction Group has a fifty-two week low of $78.14 and a fifty-two week high of $171.58.

Everus Construction Group (NYSE:ECG) last announced its quarterly 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. Everus Construction Group had a net margin of 5.96% and a return on equity of 38.22%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the firm posted $1.03 earnings per share. The firm’s revenue was up 33.7% on a year-over-year basis. Equities research analysts anticipate that Everus Construction Group will post 5.25 earnings per share for the current fiscal year.

About Everus Construction Group

Everus Construction Group, Inc is a U.S.-based specialty contractor that provides electrical and mechanical construction services. The company supports utility, commercial, industrial, institutional, renewable energy and infrastructure customers through the design, installation, maintenance and repair of complex construction systems.

Its electrical capabilities include overhead and underground transmission and distribution, substations, power generation, communications infrastructure and renewable energy projects.