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

Shares of Everus Construction Group, Inc. (NYSE:ECG) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $169.50.

Several research analysts have weighed in on ECG shares. Cantor Fitzgerald decreased their price target 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. Oppenheimer reissued an “outperform” rating and set a $200.00 price objective on shares of Everus Construction Group in a research report on Thursday, August 6th. Weiss Ratings upgraded Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Zacks Research lowered Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Finally, Freedom Capital raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th.

Insider Activity at Everus Construction Group

In other news, VP Paul R. Sanderson sold 3,300 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $136.69, for a total value of $451,077.00. Following the completion of the sale, the vice president directly owned 18,950 shares of the company’s stock, valued at $2,590,275.50. This represents a 14.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David M. Sparby purchased 1,000 shares of the business’s stock in a transaction on Monday, August 17th. The stock was acquired at an average price of $144.95 per share, with a total value of $144,950.00. Following the purchase, the director directly owned 19,658 shares in the company, valued at $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 owned by insiders.

Hedge Funds Weigh In On Everus Construction Group

A number of hedge funds and other institutional investors have recently modified their holdings of ECG. Signaturefd LLC increased its holdings in Everus Construction Group by 24.1% in the 3rd quarter. Signaturefd LLC now owns 855 shares of the company’s stock worth $100,000 after acquiring an additional 166 shares in the last quarter. Root Financial Partners LLC acquired a new position in Everus Construction Group during the third quarter worth $25,000. Nisa Investment Advisors LLC raised its position in Everus Construction Group by 5.8% during the third quarter. Nisa Investment Advisors LLC now owns 12,406 shares of the company’s stock worth $1,458,000 after acquiring an additional 678 shares during the period. TD Waterhouse Canada Inc. raised its position in Everus Construction Group by 82.8% during the third quarter. TD Waterhouse Canada Inc. now owns 276 shares of the company’s stock worth $33,000 after acquiring an additional 125 shares during the period. Finally, AdvisorNet Financial Inc lifted its holdings in Everus Construction Group by 6.7% during the third quarter. AdvisorNet Financial Inc now owns 9,542 shares of the company’s stock valued at $1,085,000 after purchasing an additional 597 shares in the last quarter.

Everus Construction Group Price Performance

Shares of NYSE ECG opened at $94.63 on Friday. The firm has a market cap of $4.83 billion, a P/E ratio of 19.04 and a beta of 2.27. Everus Construction Group has a twelve month low of $78.14 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 50 day moving average of $117.31 and a 200 day moving average of $133.88.

Everus Construction Group (NYSE:ECG) last issued its earnings results on Tuesday, August 4th. The company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.50. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.08 billion. Everus Construction Group had a return on equity of 38.22% and a net margin of 5.96%. Everus Construction Group’s revenue was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 EPS. As a group, research analysts expect that Everus Construction Group will post 5.25 EPS for the current fiscal year.

About Everus Construction Group

Everus Construction Group, Inc (NYSE: ECG) is a U.S.-based infrastructure construction company that provides services to utilities, energy companies, industrial customers, commercial businesses and government entities. The company focuses on building, upgrading and maintaining essential infrastructure across the electric, natural gas, communications and industrial sectors.

Its services include the construction and maintenance of electric transmission and distribution systems, substations, renewable energy facilities, natural gas pipelines and underground utilities.