Everus Construction Group, Inc. $ECG Shares Sold by Granite Investment Partners LLC

Granite Investment Partners LLC decreased its holdings in Everus Construction Group, Inc. (NYSE:ECG) by 5.7% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 88,319 shares of the company’s stock after selling 5,289 shares during the period. Granite Investment Partners LLC owned approximately 0.17% of Everus Construction Group worth $10,427,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ECG. Root Financial Partners LLC increased its position in shares of Everus Construction Group by 126.0% in the first quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock worth $26,000 after acquiring an additional 121 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Everus Construction Group by 12.6% during the 4th quarter. GAMMA Investing LLC now owns 1,286 shares of the company’s stock valued at $110,000 after acquiring an additional 144 shares in the last quarter. Maryland State Retirement & Pension System lifted its holdings in shares of Everus Construction Group by 1.4% during the 4th quarter. Maryland State Retirement & Pension System now owns 10,379 shares of the company’s stock valued at $888,000 after acquiring an additional 146 shares in the last quarter. DMKC Advisory Services LLC boosted its position in Everus Construction Group by 4.2% during the 4th quarter. DMKC Advisory Services LLC now owns 3,762 shares of the company’s stock worth $322,000 after purchasing an additional 150 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in Everus Construction Group by 105.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock worth $25,000 after purchasing an additional 198 shares during the period.

Analyst Ratings Changes

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

Everus Construction Group Price Performance

ECG opened at $134.15 on Thursday. Everus Construction Group, Inc. has a twelve month low of $65.27 and a twelve month high of $171.58. The firm has a market cap of $6.85 billion, a price-to-earnings ratio of 30.77 and a beta of 2.23. The company has a current ratio of 1.77, a quick ratio of 1.71 and a debt-to-equity ratio of 0.38. The company has a fifty day simple moving average of $151.89 and a 200 day simple moving average of $122.88.

Everus Construction Group (NYSE:ECG) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.33. The firm 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 was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 EPS. Equities research analysts expect that Everus Construction Group, Inc. will post 4.39 EPS for the current fiscal year.

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.