Managed Asset Portfolios LLC Reduces Stock Holdings in Everus Construction Group, Inc. $ECG

Managed Asset Portfolios LLC lowered its stake in shares of Everus Construction Group, Inc. (NYSE:ECG) by 0.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 270,254 shares of the company’s stock after selling 781 shares during the quarter. Everus Construction Group accounts for 2.2% of Managed Asset Portfolios LLC’s holdings, making the stock its 22nd biggest holding. Managed Asset Portfolios LLC owned approximately 0.53% of Everus Construction Group worth $17,169,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Arizona State Retirement System purchased a new position in Everus Construction Group during the first quarter worth $515,000. Mutual of America Capital Management LLC bought a new stake in shares of Everus Construction Group in the 1st quarter worth about $275,000. Victory Capital Management Inc. boosted its stake in shares of Everus Construction Group by 2,050.4% during the 1st quarter. Victory Capital Management Inc. now owns 260,752 shares of the company’s stock worth $9,671,000 after purchasing an additional 248,626 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Everus Construction Group during the 1st quarter valued at about $890,000. Finally, Legato Capital Management LLC raised its position in Everus Construction Group by 62.5% in the 1st quarter. Legato Capital Management LLC now owns 11,066 shares of the company’s stock worth $410,000 after purchasing an additional 4,256 shares during the period.

Everus Construction Group Trading Down 1.5%

ECG opened at $85.75 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. The stock’s fifty day moving average is $86.87 and its two-hundred day moving average is $73.24. The company has a market capitalization of $4.37 billion and a P/E ratio of 24.29. Everus Construction Group, Inc. has a 52 week low of $31.38 and a 52 week high of $103.08.

Everus Construction Group (NYSE:ECG) last issued its earnings results on Tuesday, November 4th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.49. The business had revenue of $986.82 million during the quarter, compared to analysts’ expectations of $830.60 million. Everus Construction Group had a return on equity of 36.74% and a net margin of 5.18%.The business’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.82 EPS. Everus Construction Group has set its FY 2025 guidance at EPS. Analysts forecast that Everus Construction Group, Inc. will post 2.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ECG shares. DA Davidson set a $102.00 target price on Everus Construction Group in a research report on Thursday, November 6th. Oppenheimer restated an “outperform” rating and set a $105.00 price objective on shares of Everus Construction Group in a report on Thursday, November 6th. Zacks Research upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 14th. Wall Street Zen upgraded Everus Construction Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Finally, Stifel Nicolaus upped their price target on shares of Everus Construction Group from $88.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. One 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $100.33.

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.