Everus Construction Group (NYSE:ECG) Stock Price Target Lowered at Oppenheimer

Everus Construction Group (NYSE:ECG) had its price objective reduced by Oppenheimer from $200.00 to $170.00 in a research note published on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities analysts have also recently weighed in on ECG. Weiss Ratings raised Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Freedom Capital raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Guggenheim lifted their price target on Everus Construction Group from $160.00 to $184.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. DA Davidson began coverage on Everus Construction Group in a research report on Friday, August 21st. They issued a “buy” rating and a $168.00 price target on the stock. Finally, Cantor Fitzgerald cut their price target on Everus Construction Group from $174.00 to $152.00 and set a “neutral” rating for the company in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $164.50.

Everus Construction Group Stock Performance

Shares of NYSE ECG opened at $72.20 on Thursday. The business’s 50-day simple moving average is $112.37 and its 200-day simple moving average is $125.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.53 and a current ratio of 1.53. Everus Construction Group has a 52 week low of $70.44 and a 52 week high of $171.58. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 12.78 and a beta of 2.36.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.31 by $0.48. Everus Construction Group had a return on equity of 39.18% and a net margin of 6.20%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the company posted $1.11 earnings per share. The company’s revenue for the quarter was up 40.3% compared to the same quarter last year. As a group, equities research analysts expect that Everus Construction Group will post 5.25 earnings per share for the current fiscal year.

Insider Activity

In related news, Director David Sparby acquired 1,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was acquired at an average price of $144.95 per share, with a total value of $144,950.00. Following the completion of the transaction, the director owned 19,658 shares of the company’s stock, valued at approximately $2,849,427.10. This represents a 5.36% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On Everus Construction Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Everus Construction Group in the second quarter valued at about $1,094,243,000. First Trust Advisors LP increased its position in Everus Construction Group by 109.9% in the first quarter. First Trust Advisors LP now owns 1,280,916 shares of the company’s stock worth $151,225,000 after purchasing an additional 670,646 shares during the period. De Lisle Partners LLP bought a new stake in Everus Construction Group during the 2nd quarter worth about $59,936,000. Bank of New York Mellon Corp bought a new stake in Everus Construction Group during the 2nd quarter worth about $46,211,000. Finally, Bank of America Corp DE bought a new position in shares of Everus Construction Group in the 2nd quarter valued at about $39,784,000.

Everus Construction Group News Roundup

Here are the key news stories impacting Everus Construction Group this week:

• Positive Sentiment: Everus raised its 2026 revenue and EBITDA guidance. Management cited record backlog, strong data-center demand, acquisitions and improved execution as growth drivers. ECG Q3 Earnings Call Highlights Record Backlog and Raised Outlook
• Positive Sentiment: Third-quarter EPS of $1.79 beat estimates, and revenue rose 40.3% year over year to $1.38 billion, also ahead of expectations. Everus Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Stifel reaffirmed its Buy rating, while Oppenheimer maintained an Outperform rating despite reducing its price target to $170 from $200. Stifel Reaffirms Buy Rating
• Neutral Sentiment: Cantor Fitzgerald maintained its Hold rating, reflecting a more cautious view alongside the bullish analyst calls. Cantor Fitzgerald Keeps Hold Rating
• Negative Sentiment: Oppenheimer’s price-target cut from $200 to $170 could signal more tempered expectations, despite its continued Outperform rating. The mix of Hold and Buy views may also contribute to uncertainty.

Everus Construction Group Company Profile

Everus Construction Group, Inc (NYSE: ECG) is a U.S.-based infrastructure construction company that provides services to utilities, energy companies, industrial customers, commercial businesses and government entities. The company focuses on building, upgrading and maintaining essential infrastructure across the electric, natural gas, communications and industrial sectors.

Its services include the construction and maintenance of electric transmission and distribution systems, substations, renewable energy facilities, natural gas pipelines and underground utilities.