Everus Construction Group, Inc. $ECG Shares Sold by Cascade Investment Advisors Inc.

Cascade Investment Advisors Inc. cut its stake in Everus Construction Group, Inc. (NYSE:ECG) by 2.6% in the second quarter, Holdings Channel reports. The firm owned 26,290 shares of the company’s stock after selling 712 shares during the period. Cascade Investment Advisors Inc.’s holdings in Everus Construction Group were worth $1,670,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Signaturefd LLC raised its holdings in shares of Everus Construction Group by 91.6% in the second quarter. Signaturefd LLC now owns 435 shares of the company’s stock worth $28,000 after buying an additional 208 shares during the last quarter. Hilltop National Bank acquired a new position in shares of Everus Construction Group in the 2nd quarter valued at $41,000. GAMMA Investing LLC raised its stake in Everus Construction Group by 295.6% in the 1st quarter. GAMMA Investing LLC now owns 720 shares of the company’s stock worth $27,000 after acquiring an additional 538 shares during the last quarter. Concord Wealth Partners purchased a new position in Everus Construction Group in the 1st quarter worth $31,000. Finally, Garde Capital Inc. acquired a new stake in Everus Construction Group during the 1st quarter worth about $38,000.

Everus Construction Group Stock Down 5.8%

ECG stock opened at $82.68 on Monday. The firm’s 50 day moving average price is $78.33 and its 200-day moving average price is $63.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.69 and a current ratio of 1.77. The firm has a market cap of $4.22 billion and a PE ratio of 25.52. Everus Construction Group, Inc. has a one year low of $31.38 and a one year high of $90.00.

Everus Construction Group (NYSE:ECG) last released its quarterly earnings results on Tuesday, August 12th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.61 by $0.42. Everus Construction Group had a return on equity of 35.83% and a net margin of 5.07%.The business had revenue of $921.47 million during the quarter, compared to analyst estimates of $749.12 million. The firm’s quarterly revenue was up 31.0% on a year-over-year basis. Everus Construction Group has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Everus Construction Group, Inc. will post 2.49 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Everus Construction Group in a research note on Wednesday, October 8th. Oppenheimer set a $90.00 target price on shares of Everus Construction Group and gave the company an “outperform” rating in a report on Tuesday, October 7th. DA Davidson raised their price target on shares of Everus Construction Group from $68.00 to $88.00 and gave the company a “neutral” rating in a research report on Thursday, August 14th. Zacks Research upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 14th. Finally, Wall Street Zen lowered Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 14th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.67.

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.