Everus Construction Group (NYSE:ECG) Reaches New 1-Year High – Here’s What Happened

Everus Construction Group, Inc. (NYSE:ECG) reached a new 52-week high during trading on Friday . The stock traded as high as $109.32 and last traded at $108.27, with a volume of 67156 shares traded. The stock had previously closed at $104.53.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ECG. DA Davidson set a $102.00 price target on shares of Everus Construction Group in a report on Thursday, November 6th. Oppenheimer restated an “outperform” rating and set a $105.00 price objective on shares of Everus Construction Group in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everus Construction Group in a research report on Thursday, January 22nd. Guggenheim started coverage on shares of Everus Construction Group in a research note on Thursday, January 22nd. They set a “neutral” rating for the company. Finally, Wall Street Zen cut Everus Construction Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $102.75.

Everus Construction Group Trading Up 2.7%

The stock has a fifty day moving average of $91.81 and a 200 day moving average of $86.87. The company has a market capitalization of $5.48 billion, a P/E ratio of 30.42 and a beta of 3.84. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.76.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada raised its stake in Everus Construction Group by 155.0% during the 1st quarter. Royal Bank of Canada now owns 48,839 shares of the company’s stock worth $1,811,000 after acquiring an additional 29,689 shares during the period. Millennium Management LLC increased its stake in shares of Everus Construction Group by 42.7% in the first quarter. Millennium Management LLC now owns 244,421 shares of the company’s stock worth $9,066,000 after purchasing an additional 73,128 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Everus Construction Group by 74.4% in the first quarter. Goldman Sachs Group Inc. now owns 178,790 shares of the company’s stock worth $6,631,000 after purchasing an additional 76,252 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Everus Construction Group by 33.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 140,397 shares of the company’s stock valued at $5,207,000 after purchasing an additional 34,868 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of Everus Construction Group by 184.4% during the 1st quarter. Jane Street Group LLC now owns 71,323 shares of the company’s stock valued at $2,645,000 after buying an additional 46,247 shares in the last quarter.

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.