Handelsbanken Fonder AB Has $16.26 Million Stock Holdings in Everus Construction Group, Inc. $ECG

Handelsbanken Fonder AB trimmed its position in Everus Construction Group, Inc. (NYSE:ECG) by 48.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 97,983 shares of the company’s stock after selling 91,017 shares during the quarter. Handelsbanken Fonder AB’s holdings in Everus Construction Group were worth $16,260,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. grew its holdings in Everus Construction Group by 105.3% during the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock worth $25,000 after purchasing an additional 198 shares during the period. Root Financial Partners LLC raised its stake in Everus Construction Group by 126.0% in the first quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock valued at $26,000 after buying an additional 121 shares during the period. Flagship Harbor Advisors LLC bought a new stake in Everus Construction Group in the fourth quarter valued at approximately $30,000. McMillan Office Inc. acquired a new stake in shares of Everus Construction Group in the fourth quarter valued at approximately $43,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of Everus Construction Group in the fourth quarter valued at approximately $74,000.

Wall Street Analyst Weigh In

ECG has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Everus Construction Group in a report on Tuesday, August 4th. Glj Research initiated coverage on shares of Everus Construction Group in a research report on Monday, April 20th. They set a “hold” rating and a $141.00 price objective for the company. Freedom Capital raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Zacks Research downgraded shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $200.00 price target on shares of Everus Construction Group in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.17.

Insider Buying and Selling at Everus Construction Group

In related news, VP Paul R. Sanderson sold 3,300 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $136.69, for a total value of $451,077.00. Following the completion of the sale, the vice president directly owned 18,950 shares in the company, valued at approximately $2,590,275.50. The trade was a 14.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.33% of the company’s stock.

Everus Construction Group Stock Up 4.3%

ECG opened at $140.23 on Thursday. The stock has a fifty day moving average of $141.91 and a 200-day moving average of $130.59. The company has a market capitalization of $7.16 billion, a P/E ratio of 28.22 and a beta of 2.37. Everus Construction Group, Inc. has a fifty-two week low of $72.43 and a fifty-two week high of $171.58. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.53 and a current ratio of 1.59.

Everus Construction Group (NYSE:ECG) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.50. Everus Construction Group had a net margin of 5.96% and a return on equity of 38.22%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the firm earned $1.03 earnings per share. Everus Construction Group’s revenue for the quarter was up 33.7% compared to the same quarter last year. On average, equities analysts expect that Everus Construction Group, Inc. will post 5.23 EPS for the current year.

Everus Construction Group 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.