Northwestern Mutual Wealth Management Co. Has $107.89 Million Stock Holdings in Everus Construction Group, Inc. $ECG

Northwestern Mutual Wealth Management Co. increased its holdings in Everus Construction Group, Inc. (NYSE:ECG) by 147,209.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,260,973 shares of the company’s stock after purchasing an additional 1,260,117 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Everus Construction Group were worth $107,889,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. increased its holdings in shares of Everus Construction Group by 105.3% during 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 in the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Everus Construction Group during the fourth quarter worth approximately $28,000. Bessemer Group Inc. increased its holdings in shares of Everus Construction Group by 68.2% during the third quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock worth $29,000 after buying an additional 137 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Everus Construction Group during the fourth quarter worth approximately $30,000. Finally, Quent Capital LLC acquired a new stake in shares of Everus Construction Group during the third quarter worth approximately $53,000.

Everus Construction Group Price Performance

ECG opened at $156.84 on Friday. Everus Construction Group, Inc. has a one year low of $55.31 and a one year high of $171.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.77 and a quick ratio of 1.71. The company’s 50 day simple moving average is $130.66 and its 200-day simple moving average is $106.88. The stock has a market capitalization of $8.01 billion, a P/E ratio of 35.97 and a beta of 2.55.

Everus Construction Group (NYSE:ECG) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.81 by $0.33. Everus Construction Group had a net margin of 5.65% and a return on equity of 37.17%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $933.81 million. During the same period in the prior year, the firm earned $0.72 earnings per share. Everus Construction Group’s revenue was up 25.4% compared to the same quarter last year. Sell-side analysts anticipate that Everus Construction Group, Inc. will post 4.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ECG has been the subject of several recent analyst reports. Cantor Fitzgerald raised their price objective on shares of Everus Construction Group from $115.00 to $174.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Weiss Ratings raised shares of Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Zacks Research lowered shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Stifel Nicolaus set a $172.00 price objective on shares of Everus Construction Group in a report on Friday, May 8th. Finally, Glj Research initiated coverage on shares of Everus Construction Group in a report on Monday, April 20th. They set a “hold” rating and a $141.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Everus Construction Group has a consensus rating of “Hold” and an average price target of $154.83.

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.