Everus Construction Group, Inc. (NYSE:ECG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Everus Construction Group, Inc. (NYSE:ECG) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $119.60.

A number of research firms have recently weighed in on ECG. Weiss Ratings reiterated a “hold (c)” rating on shares of Everus Construction Group in a report on Tuesday. Guggenheim began coverage on shares of Everus Construction Group in a report on Thursday, January 22nd. They set a “neutral” rating for the company. Zacks Research upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. DA Davidson reiterated a “neutral” rating and set a $102.00 target price on shares of Everus Construction Group in a report on Wednesday, February 25th. Finally, Cantor Fitzgerald began coverage on shares of Everus Construction Group in a report on Friday, January 23rd. They issued a “neutral” rating and a $97.00 price objective for the company.

Institutional Trading of Everus Construction Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC lifted its holdings in Everus Construction Group by 126.0% in the first quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock worth $26,000 after buying an additional 121 shares during the period. Sound Income Strategies LLC purchased a new stake in Everus Construction Group in the fourth quarter worth about $28,000. Bessemer Group Inc. lifted its holdings in Everus Construction Group by 68.2% in the third quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock worth $29,000 after buying an additional 137 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in Everus Construction Group in the fourth quarter worth about $30,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Everus Construction Group by 105.3% in the second 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.

Everus Construction Group Stock Performance

Everus Construction Group stock opened at $136.23 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.70 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average of $119.49 and a 200-day moving average of $100.78. The firm has a market cap of $6.95 billion, a P/E ratio of 34.58 and a beta of 2.88. Everus Construction Group has a 1-year low of $38.51 and a 1-year high of $139.00.

Everus Construction Group (NYSE:ECG) last posted its earnings results on Tuesday, February 24th. The company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.36. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $879.57 million. Everus Construction Group had a net margin of 5.39% and a return on equity of 37.06%. Everus Construction Group’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share. Sell-side analysts expect that Everus Construction Group will post 4.1 EPS for the current year.

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.