Quantbot Technologies LP Purchases Shares of 4,438 Everus Construction Group, Inc. $ECG

Quantbot Technologies LP acquired a new position in shares of Everus Construction Group, Inc. (NYSE:ECG) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,438 shares of the company’s stock, valued at approximately $736,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in shares of Everus Construction Group by 155.0% in the 1st quarter. Royal Bank of Canada now owns 48,839 shares of the company’s stock valued at $1,811,000 after purchasing an additional 29,689 shares in the last quarter. Millennium Management LLC increased its position in shares of Everus Construction Group by 42.7% during the 1st 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 position in shares of Everus Construction Group by 74.4% during the 1st 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 lifted its holdings in 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 last quarter. Finally, Jane Street Group LLC lifted its holdings in 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 purchasing an additional 46,247 shares during the last quarter.

Insider Buying and Selling at Everus Construction Group

In other news, Director David M. Sparby purchased 1,000 shares of the business’s stock in a transaction on Monday, August 17th. The stock was purchased at an average price of $144.95 per share, for a total transaction of $144,950.00. Following the completion of the purchase, the director directly owned 19,658 shares in the company, valued at $2,849,427.10. The trade was a 5.36% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul R. Sanderson sold 3,300 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was 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 $2,590,275.50. This represents a 14.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ECG. 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 note on Thursday, August 13th. Guggenheim boosted their target price on Everus Construction Group from $160.00 to $184.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Stifel Nicolaus set a $172.00 price target on Everus Construction Group in a research report on Friday, May 8th. Freedom Capital raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, Zacks Research downgraded Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.50.

Everus Construction Group Trading Up 2.8%

NYSE:ECG opened at $121.40 on Thursday. The business has a 50 day moving average price of $137.83 and a two-hundred day moving average price of $133.29. Everus Construction Group, Inc. has a twelve month low of $73.00 and a twelve month high of $171.58. 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 company has a market cap of $6.20 billion, a P/E ratio of 24.43 and a beta of 2.37.

Everus Construction Group (NYSE:ECG) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.64 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $1.03 EPS. The business’s quarterly revenue was up 33.7% on a year-over-year basis. As a group, analysts expect that Everus Construction Group, Inc. will post 5.25 EPS for the current fiscal year.

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.