Whittier Trust Co. of Nevada Inc. Makes New Investment in Everus Construction Group, Inc. $ECG

Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Everus Construction Group, Inc. (NYSE:ECG) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 25,317 shares of the company’s stock, valued at approximately $3,054,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Geneos Wealth Management Inc. lifted its holdings in shares of Everus Construction Group by 105.3% in 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. Root Financial Partners LLC grew its stake in Everus Construction Group by 126.0% during the first quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock valued at $26,000 after acquiring an additional 121 shares in the last quarter. Sound Income Strategies LLC bought a new stake in Everus Construction Group in the 4th quarter valued at $28,000. Flagship Harbor Advisors LLC bought a new stake in Everus Construction Group in the 4th quarter valued at $30,000. Finally, McMillan Office Inc. purchased a new stake in Everus Construction Group in the 4th quarter worth $43,000.

Everus Construction Group Trading Down 7.7%

Shares of ECG stock traded down $11.05 during trading hours on Tuesday, reaching $132.81. 147,306 shares of the stock were exchanged, compared to its average volume of 656,208. The firm has a market capitalization of $6.78 billion, a price-to-earnings ratio of 30.46 and a beta of 2.23. Everus Construction Group, Inc. has a 12-month low of $62.92 and a 12-month high of $171.58. The company’s 50-day moving average price is $152.07 and its 200-day moving average price is $122.20. The company has a current ratio of 1.77, a quick ratio of 1.71 and a debt-to-equity ratio of 0.38.

Everus Construction Group (NYSE:ECG) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.33. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $933.81 million. Everus Construction Group had a net margin of 5.65% and a return on equity of 37.17%. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 EPS. As a group, equities analysts anticipate that Everus Construction Group, Inc. will post 4.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Guggenheim raised shares of Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a report on Thursday, April 30th. Zacks Research raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Monday, June 15th. Oppenheimer started coverage on Everus Construction Group in a research report on Thursday, May 28th. They issued an “outperform” rating and a $185.00 target price on the stock. Freedom Capital lowered Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, Cantor Fitzgerald raised their price target on Everus Construction Group from $115.00 to $174.00 and gave the company a “neutral” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.67.

Everus Construction Group 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.