29,000 Everus Construction Group, Inc. $ECG Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lowered its holdings in shares of Everus Construction Group, Inc. (NYSE:ECG) by 52.1% during the third quarter, HoldingsChannel reports. The firm owned 26,685 shares of the company’s stock after selling 29,000 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Everus Construction Group were worth $3,136,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Parallel Advisors LLC boosted its holdings in shares of Everus Construction Group by 6.7% in the first quarter. Parallel Advisors LLC now owns 1,200 shares of the company’s stock valued at $142,000 after buying an additional 75 shares during the period. GAMMA Investing LLC increased its position in shares of Everus Construction Group by 5.2% during the third quarter. GAMMA Investing LLC now owns 2,119 shares of the company’s stock worth $249,000 after acquiring an additional 105 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Everus Construction Group by 48.9% during the third quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $39,000 after acquiring an additional 110 shares during the period. TD Waterhouse Canada Inc. raised its holdings in shares of 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, Signaturefd LLC raised its holdings in shares of Everus Construction Group by 24.1% during the third quarter. Signaturefd LLC now owns 855 shares of the company’s stock worth $100,000 after acquiring an additional 166 shares during the period.

Insider Activity at Everus Construction Group

In other Everus Construction Group news, Director David Sparby bought 1,000 shares of Everus Construction Group stock in a transaction dated Monday, August 17th. The stock was bought at an average cost of $144.95 per share, for a total transaction of $144,950.00. Following the purchase, the director owned 19,658 shares of the company’s stock, 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 this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ECG. Guggenheim boosted their price objective on shares of Everus Construction Group from $160.00 to $184.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Zacks Research cut Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Oppenheimer dropped their price target on Everus Construction Group from $200.00 to $170.00 and set an “outperform” rating on the stock in a research note on Thursday. Wall Street Zen upgraded Everus Construction Group from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Freedom Capital upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $164.50.

Everus Construction Group Stock Performance

Shares of NYSE ECG opened at $76.29 on Monday. The stock has a market capitalization of $3.90 billion, a PE ratio of 13.50 and a beta of 2.36. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.48 and a current ratio of 1.53. Everus Construction Group, Inc. has a 52 week low of $70.44 and a 52 week high of $171.58. The stock has a 50 day moving average price of $111.47 and a 200 day moving average price of $125.21.

Everus Construction Group (NYSE:ECG) last released its earnings results on Tuesday, November 3rd. The company reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.48. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Everus Construction Group had a net margin of 6.20% and a return on equity of 39.18%. The firm’s revenue was up 40.3% on a year-over-year basis. During the same period last year, the business earned $1.11 earnings per share. Analysts predict that Everus Construction Group, Inc. will post 5.55 earnings per share for the current fiscal year.

Everus Construction Group Company Profile

Everus Construction Group provides construction services for commercial, industrial, institutional and utility customers. Its work includes electrical and mechanical construction, fire protection, and the building and maintenance of infrastructure for energy and utility systems.

The company also performs utility and civil construction, including work on electric transmission and distribution lines, underground utilities, pipelines, water and sewer systems, and transportation-related infrastructure.

Everus is headquartered in Bismarck, North Dakota, and serves customers across the United States, with operations concentrated in the central and western regions.