Everus Construction Group (NYSE:ECG) Upgraded by Cantor Fitzgerald to “Hold” Rating

Everus Construction Group (NYSE:ECG) was upgraded by research analysts at Cantor Fitzgerald to a “hold” rating in a research note issued to investors on Friday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on ECG. Oppenheimer reissued an “outperform” rating and set a $105.00 target price on shares of Everus Construction Group in a research report on Thursday, November 6th. Guggenheim initiated coverage on Everus Construction Group in a research note on Thursday. They set a “neutral” rating on the stock. Wall Street Zen upgraded Everus Construction Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Zacks Research cut Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Everus Construction Group in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $99.50.

Everus Construction Group Trading Down 1.0%

Shares of Everus Construction Group stock opened at $91.10 on Friday. Everus Construction Group has a 1 year low of $31.38 and a 1 year high of $103.08. The company’s fifty day simple moving average is $89.30 and its 200-day simple moving average is $83.34. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 25.81 and a beta of 3.84. The company has a current ratio of 1.76, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47.

Everus Construction Group (NYSE:ECG) last released its earnings results on Tuesday, November 4th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.62 by $0.49. The firm had revenue of $986.82 million during the quarter, compared to analysts’ expectations of $830.60 million. Everus Construction Group had a net margin of 5.18% and a return on equity of 36.74%. The business’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 EPS. As a group, sell-side analysts expect that Everus Construction Group will post 2.49 EPS for the current year.

Hedge Funds Weigh In On Everus Construction Group

Hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. grew its position in shares of Everus Construction Group by 105.3% during the 2nd 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 period. Signaturefd LLC boosted its stake in Everus Construction Group by 91.6% during the 2nd quarter. Signaturefd LLC now owns 435 shares of the company’s stock worth $28,000 after acquiring an additional 208 shares during the last quarter. Sound Income Strategies LLC bought a new position in Everus Construction Group during the 4th quarter worth approximately $28,000. Bessemer Group Inc. grew its holdings in Everus Construction Group by 68.2% during the third quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock valued at $29,000 after purchasing an additional 137 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new stake in Everus Construction Group in the fourth quarter valued at approximately $30,000.

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.