Aster Capital Management DIFC Ltd Acquires Shares of 7,101 Everus Construction Group, Inc. $ECG

Aster Capital Management DIFC Ltd acquired a new stake in shares of Everus Construction Group, Inc. (NYSE:ECG) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 7,101 shares of the company’s stock, valued at approximately $608,000.

Other institutional investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new stake in Everus Construction Group during the 4th quarter valued at approximately $28,000. Bessemer Group Inc. grew its holdings in Everus Construction Group by 68.2% during the 3rd quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock valued at $29,000 after buying an additional 137 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Everus Construction Group during the 4th quarter valued at approximately $30,000. Geneos Wealth Management Inc. boosted its position in shares of Everus Construction Group by 105.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after acquiring an additional 198 shares during the last quarter. Finally, McMillan Office Inc. bought a new position in shares of Everus Construction Group during the 4th quarter valued at approximately $43,000.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ECG. Cantor Fitzgerald increased their target price on Everus Construction Group from $115.00 to $174.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. DA Davidson reiterated a “neutral” rating and set a $102.00 target price on shares of Everus Construction Group in a research report on Wednesday, February 25th. Glj Research began coverage on Everus Construction Group in a research report on Monday, April 20th. They set a “hold” rating and a $141.00 target price for the company. Oppenheimer began coverage on Everus Construction Group in a research report on Thursday, May 28th. They set an “outperform” rating and a $185.00 target price for the company. Finally, Weiss Ratings upgraded Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $155.67.

Everus Construction Group Stock Up 5.1%

Shares of ECG opened at $156.43 on Tuesday. The company has a market cap of $7.98 billion, a PE ratio of 35.88 and a beta of 2.33. The business has a fifty day moving average of $144.36 and a 200 day moving average of $115.61. Everus Construction Group, Inc. has a 52-week low of $58.00 and a 52-week high of $171.58. The company has a quick ratio of 1.71, a current ratio of 1.77 and a debt-to-equity ratio of 0.38.

Everus Construction Group (NYSE:ECG) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.33. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $933.81 million. Everus Construction Group had a return on equity of 37.17% and a net margin of 5.65%.Everus Construction Group’s revenue was up 25.4% on a year-over-year basis. During the same period last year, the company earned $0.72 earnings per share. On average, sell-side analysts expect that Everus Construction Group, Inc. will post 4.39 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.