Swedbank AB Has $30.80 Million Stake in Everus Construction Group, Inc. $ECG

Swedbank AB decreased its position in Everus Construction Group, Inc. (NYSE:ECG) by 28.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 360,000 shares of the company’s stock after selling 140,000 shares during the period. Swedbank AB’s holdings in Everus Construction Group were worth $30,802,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its stake in shares of Everus Construction Group by 38.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 979 shares of the company’s stock valued at $84,000 after acquiring an additional 270 shares during the last quarter. Legato Capital Management LLC lifted its stake in shares of Everus Construction Group by 9.9% in the 4th quarter. Legato Capital Management LLC now owns 12,161 shares of the company’s stock valued at $1,040,000 after acquiring an additional 1,095 shares during the last quarter. Sierra Summit Advisors LLC bought a new position in shares of Everus Construction Group in the 4th quarter valued at $808,000. GSA Capital Partners LLP bought a new position in shares of Everus Construction Group in the 4th quarter valued at $924,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Everus Construction Group by 147,209.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,260,973 shares of the company’s stock valued at $107,889,000 after acquiring an additional 1,260,117 shares during the last quarter.

Everus Construction Group Price Performance

Shares of NYSE ECG opened at $148.06 on Monday. Everus Construction Group, Inc. has a fifty-two week low of $56.10 and a fifty-two week high of $171.58. The stock has a market cap of $7.56 billion, a price-to-earnings ratio of 33.96 and a beta of 2.55. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.71 and a current ratio of 1.77. The firm’s 50-day simple moving average is $134.07 and its 200 day simple moving average is $109.02.

Everus Construction Group (NYSE:ECG) last posted its earnings results on Tuesday, May 5th. The company reported $1.14 EPS for the quarter, topping 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 firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $933.81 million. During the same quarter last year, the firm earned $0.72 EPS. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. As a group, research analysts anticipate that Everus Construction Group, Inc. will post 4.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. DA Davidson reiterated a “neutral” rating and issued a $102.00 price target on shares of Everus Construction Group in a research note on Wednesday, February 25th. Stifel Nicolaus set a $172.00 price target on Everus Construction Group in a research note on Friday, May 8th. Weiss Ratings upgraded Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Glj Research began coverage on Everus Construction Group in a research note on Monday, April 20th. They issued a “hold” rating and a $141.00 price target for the company. Finally, Guggenheim raised Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 target price for the company in a research report on Thursday, April 30th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Everus Construction Group currently has a consensus rating of “Hold” and an average price target of $154.83.

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.