Catalyst Capital Advisors LLC Has $1.11 Million Stock Holdings in Everus Construction Group, Inc. $ECG

Catalyst Capital Advisors LLC trimmed its holdings in shares of Everus Construction Group, Inc. (NYSE:ECG) by 42.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,008 shares of the company’s stock after selling 9,684 shares during the period. Catalyst Capital Advisors LLC’s holdings in Everus Construction Group were worth $1,113,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Everus Construction Group by 2.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,620 shares of the company’s stock worth $464,000 after buying an additional 109 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Everus Construction Group by 68.2% in the 3rd 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 period. GAMMA Investing LLC raised its holdings in shares of Everus Construction Group by 12.6% in the 4th quarter. GAMMA Investing LLC now owns 1,286 shares of the company’s stock valued at $110,000 after purchasing an additional 144 shares during the period. DMKC Advisory Services LLC raised its holdings in shares of Everus Construction Group by 4.2% in the 4th quarter. DMKC Advisory Services LLC now owns 3,762 shares of the company’s stock valued at $322,000 after purchasing an additional 150 shares during the period. Finally, Arizona State Retirement System raised its holdings in shares of Everus Construction Group by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 14,336 shares of the company’s stock valued at $1,229,000 after purchasing an additional 197 shares during the period.

Analysts Set New Price Targets

ECG has been the topic of a number of research analyst reports. Guggenheim raised shares of Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Thursday, April 30th. Glj Research initiated coverage on shares of Everus Construction Group in a report on Monday, April 20th. They issued a “hold” rating and a $141.00 target price on the stock. 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. Wall Street Zen cut shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Cantor Fitzgerald upped their target price on shares of Everus Construction Group from $115.00 to $174.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Everus Construction Group presently has an average rating of “Hold” and an average target price of $155.67.

Everus Construction Group Stock Down 2.0%

Shares of ECG stock opened at $148.54 on Friday. 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 moving average is $137.65 and its 200-day moving average is $110.88. The stock has a market cap of $7.58 billion, a price-to-earnings ratio of 34.07 and a beta of 2.55. Everus Construction Group, Inc. has a 52-week low of $56.10 and a 52-week high of $171.58.

Everus Construction Group (NYSE:ECG) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.33. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $933.81 million. Everus Construction Group had a net margin of 5.65% and a return on equity of 37.17%. The business’s revenue was up 25.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 EPS. Sell-side analysts predict that Everus Construction Group, Inc. will post 4.24 EPS for the current year.

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.