Everus Construction Group (NYSE:ECG) Upgraded to Hold at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Everus Construction Group (NYSE:ECG) to a hold rating in a report released on Friday morning,Zacks.com reports.

A number of other research analysts have also recently weighed in on ECG. Guggenheim assumed coverage on shares of Everus Construction Group in a research report on Thursday. They set a “neutral” rating on the stock. Zacks Research downgraded shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Wall Street Zen upgraded shares of Everus Construction Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Stifel Nicolaus upped their price target on shares of Everus Construction Group from $88.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Finally, Oppenheimer reissued an “outperform” rating and issued a $105.00 price objective on shares of Everus Construction Group in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $99.50.

Everus Construction Group Price Performance

Shares of Everus Construction Group stock opened at $91.10 on Friday. The business’s fifty day moving average price is $89.30 and its 200 day moving average price is $83.34. Everus Construction Group has a twelve month low of $31.38 and a twelve month high of $103.08. The company has a current ratio of 1.76, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $4.65 billion, a P/E ratio of 25.81 and a beta of 3.84.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.62 by $0.49. The company had revenue of $986.82 million during the quarter, compared to analyst estimates of $830.60 million. Everus Construction Group had a return on equity of 36.74% and a net margin of 5.18%.The firm’s revenue was up 29.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 earnings per share. As a group, research analysts anticipate that Everus Construction Group will post 2.49 earnings per share for the current year.

Institutional Investors Weigh In On Everus Construction Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ECG. Sound Income Strategies LLC purchased a new position in Everus Construction Group in the 4th quarter valued at about $28,000. Bessemer Group Inc. boosted 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 valued at $29,000 after purchasing an additional 137 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Everus Construction Group during the 4th quarter valued at approximately $30,000. Geneos Wealth Management Inc. increased its holdings in Everus Construction Group by 105.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock worth $25,000 after purchasing an additional 198 shares during the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in shares of Everus Construction Group in the 3rd quarter valued at approximately $33,000.

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.