Everus Construction Group, Inc. $ECG Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its position in shares of Everus Construction Group, Inc. (NYSE:ECG) by 61.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 424,800 shares of the company’s stock after acquiring an additional 162,100 shares during the quarter. Handelsbanken Fonder AB owned about 0.83% of Everus Construction Group worth $36,427,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can grew its position in Everus Construction Group by 4.2% in the second quarter. Bank of Montreal Can now owns 14,079 shares of the company’s stock valued at $894,000 after acquiring an additional 563 shares in the last quarter. Gabelli Funds LLC grew its stake in shares of Everus Construction Group by 178.8% during the second quarter. Gabelli Funds LLC now owns 94,437 shares of the company’s stock valued at $6,000,000 after acquiring an additional 60,562 shares in the last quarter. Beacon Pointe Advisors LLC lifted its stake in shares of Everus Construction Group by 6.2% in the second quarter. Beacon Pointe Advisors LLC now owns 163,121 shares of the company’s stock worth $10,363,000 after acquiring an additional 9,499 shares in the last quarter. Frontier Capital Management Co. LLC raised its position in shares of Everus Construction Group by 4.5% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 547,056 shares of the company’s stock valued at $34,754,000 after purchasing an additional 23,716 shares in the last quarter. Finally, AXQ Capital LP bought a new position in shares of Everus Construction Group during the second quarter worth about $435,000.

Everus Construction Group Trading Down 1.3%

Shares of NYSE:ECG opened at $120.59 on Friday. The company has a 50 day moving average of $95.14 and a 200-day moving average of $88.69. The company has a current ratio of 1.76, a quick ratio of 1.69 and a debt-to-equity ratio of 0.42. The firm has a market cap of $6.15 billion, a P/E ratio of 30.61 and a beta of 3.84. Everus Construction Group, Inc. has a twelve month low of $31.38 and a twelve month high of $137.64.

Everus Construction Group (NYSE:ECG) last announced its earnings results on Tuesday, February 24th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.72 by $0.36. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $879.57 million. Everus Construction Group had a return on equity of 37.06% and a net margin of 5.39%.The firm’s quarterly revenue was up 33.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.67 earnings per share. As a group, analysts anticipate that Everus Construction Group, Inc. will post 2.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ECG has been the topic of a number of research analyst reports. Cantor Fitzgerald began coverage on Everus Construction Group in a report on Friday, January 23rd. They set a “neutral” rating and a $97.00 target price on the stock. Zacks Research cut shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Oppenheimer reissued an “outperform” rating and issued a $105.00 price target on shares of Everus Construction Group in a report on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Everus Construction Group in a report on Thursday, January 22nd. Finally, Guggenheim initiated coverage on shares of Everus Construction Group in a research note on Thursday, January 22nd. They set a “neutral” rating for the company. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $102.75.

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.