Everus Construction Group (NYSE:ECG) Hits New 1-Year High – What’s Next?

Everus Construction Group, Inc. (NYSE:ECG) reached a new 52-week high during trading on Wednesday . The stock traded as high as $105.00 and last traded at $101.2660, with a volume of 103768 shares changing hands. The stock had previously closed at $97.88.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Zacks Research downgraded Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Stifel Nicolaus reduced their target price on shares of Everus Construction Group from $110.00 to $107.00 and set a “buy” rating for the company in a research note on Monday, January 26th. DA Davidson set a $102.00 price target on shares of Everus Construction Group in a research note on Thursday, November 6th. Cantor Fitzgerald initiated coverage on Everus Construction Group in a report on Friday, January 23rd. They set a “neutral” rating and a $97.00 price target on the stock. Finally, Oppenheimer reissued an “outperform” rating and issued a $105.00 price objective on shares of Everus Construction Group in a report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Everus Construction Group has a consensus rating of “Hold” and a consensus target price of $102.75.

Everus Construction Group Price Performance

The firm has a market capitalization of $5.35 billion, a P/E ratio of 29.74 and a beta of 3.84. The business’s fifty day moving average is $90.89 and its 200 day moving average is $85.82. The company has a current ratio of 1.76, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47.

Hedge Funds Weigh In On Everus Construction Group

A number of hedge funds have recently modified their holdings of ECG. Wealth Enhancement Advisory Services LLC boosted its position in shares of Everus Construction Group by 2.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,620 shares of the company’s stock valued at $464,000 after purchasing an additional 109 shares during the period. Bessemer Group Inc. lifted its stake in Everus Construction Group by 68.2% during the third quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock valued at $29,000 after buying an additional 137 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Everus Construction Group by 12.6% in the fourth quarter. GAMMA Investing LLC now owns 1,286 shares of the company’s stock worth $110,000 after buying an additional 144 shares during the period. DMKC Advisory Services LLC increased its position in shares of Everus Construction Group by 4.2% in the fourth quarter. DMKC Advisory Services LLC now owns 3,762 shares of the company’s stock worth $322,000 after acquiring an additional 150 shares in the last quarter. Finally, Amalgamated Bank increased its position in shares of Everus Construction Group by 1.1% in the third quarter. Amalgamated Bank now owns 15,531 shares of the company’s stock worth $1,332,000 after acquiring an additional 163 shares in the last quarter.

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.