Everus Construction Group, Inc. $ECG Shares Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Everus Construction Group, Inc. (NYSE:ECG) by 1,049.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,748 shares of the company’s stock after purchasing an additional 55,463 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.12% of Everus Construction Group worth $5,209,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Royal Bank of Canada increased its holdings in Everus Construction Group by 155.0% in the 1st quarter. Royal Bank of Canada now owns 48,839 shares of the company’s stock worth $1,811,000 after buying an additional 29,689 shares during the period. Millennium Management LLC increased its stake in shares of Everus Construction Group by 42.7% in the first quarter. Millennium Management LLC now owns 244,421 shares of the company’s stock worth $9,066,000 after acquiring an additional 73,128 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Everus Construction Group by 74.4% in the first quarter. Goldman Sachs Group Inc. now owns 178,790 shares of the company’s stock worth $6,631,000 after acquiring an additional 76,252 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Everus Construction Group by 33.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 140,397 shares of the company’s stock worth $5,207,000 after purchasing an additional 34,868 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in Everus Construction Group by 184.4% during the first quarter. Jane Street Group LLC now owns 71,323 shares of the company’s stock valued at $2,645,000 after purchasing an additional 46,247 shares during the period.

Everus Construction Group Price Performance

Shares of Everus Construction Group stock opened at $91.68 on Tuesday. The firm has a market cap of $4.68 billion, a PE ratio of 25.97 and a beta of 3.84. Everus Construction Group, Inc. has a twelve month low of $31.38 and a twelve month high of $103.08. The company has a quick ratio of 1.69, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $89.40 and a 200 day moving average price of $83.75.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ECG. Oppenheimer reiterated an “outperform” rating and set a $105.00 price objective on shares of Everus Construction Group in a research note on Thursday, November 6th. Stifel Nicolaus dropped their target price on Everus Construction Group from $110.00 to $107.00 and set a “buy” rating on the stock in a report on Monday. Wall Street Zen raised Everus Construction Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Cantor Fitzgerald started coverage on shares of Everus Construction Group in a research note on Friday. They set a “neutral” rating and a $97.00 price objective on the stock. Finally, Zacks Research lowered shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $102.75.

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.