Everus Construction Group, Inc. $ECG Shares Acquired by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp raised its position in shares of Everus Construction Group, Inc. (NYSE:ECG) by 25.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,553 shares of the company’s stock after purchasing an additional 13,600 shares during the period. Texas Permanent School Fund Corp’s holdings in Everus Construction Group were worth $4,228,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new position in Everus Construction Group in the 2nd quarter worth approximately $273,000. State of New Jersey Common Pension Fund D acquired a new position in Everus Construction Group during the 2nd quarter worth $2,085,000. Bluefin Capital Management LLC bought a new position in shares of Everus Construction Group in the first quarter worth $264,000. Bank of Montreal Can grew its stake in shares of Everus Construction Group by 4.2% in the second quarter. Bank of Montreal Can now owns 14,079 shares of the company’s stock worth $894,000 after purchasing an additional 563 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Everus Construction Group during the second quarter valued at $359,000.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ECG shares. Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of Everus Construction Group in a report on Thursday, November 6th. Wall Street Zen raised shares of Everus Construction Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. DA Davidson set a $102.00 price objective on shares of Everus Construction Group in a report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Everus Construction Group in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus upped their target price on Everus Construction Group from $88.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $100.33.

Everus Construction Group Price Performance

Shares of Everus Construction Group stock opened at $87.01 on Friday. Everus Construction Group, Inc. has a 52 week low of $31.38 and a 52 week high of $103.08. The company has a current ratio of 1.76, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The stock has a market cap of $4.44 billion and a PE ratio of 24.65. The company’s 50-day moving average price is $90.47 and its two-hundred day moving average price is $78.33.

Everus Construction Group (NYSE:ECG) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.49. The company had revenue of $986.82 million during the quarter, compared to analyst estimates of $830.60 million. Everus Construction Group had a net margin of 5.18% and a return on equity of 36.74%. The business’s revenue for the quarter was up 29.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 EPS. As a group, sell-side analysts anticipate that Everus Construction Group, Inc. will post 2.49 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.