Quantbot Technologies LP Increases Holdings in Everus Construction Group, Inc. $ECG

Quantbot Technologies LP grew its position in shares of Everus Construction Group, Inc. (NYSE:ECG) by 61.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,810 shares of the company’s stock after buying an additional 10,947 shares during the quarter. Quantbot Technologies LP’s holdings in Everus Construction Group were worth $2,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Geneos Wealth Management Inc. increased its position in Everus Construction Group by 105.3% during the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after acquiring an additional 198 shares during the last quarter. Bessemer Group Inc. boosted its position in Everus Construction Group by 68.2% in the third quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock worth $29,000 after purchasing an additional 137 shares during the last quarter. Country Trust Bank bought a new stake in shares of Everus Construction Group during the 2nd quarter valued at about $31,000. Salomon & Ludwin LLC purchased a new stake in shares of Everus Construction Group during the 3rd quarter valued at about $33,000. Finally, GHP Investment Advisors Inc. bought a new position in shares of Everus Construction Group in the 2nd quarter worth approximately $37,000.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ECG shares. Guggenheim initiated coverage on shares of Everus Construction Group in a research report on Thursday, January 22nd. They set a “neutral” rating for the company. Wall Street Zen cut shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Cantor Fitzgerald assumed coverage on Everus Construction Group in a research note on Friday, January 23rd. They issued a “neutral” rating and a $97.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everus Construction Group in a report on Thursday, January 22nd. Finally, Oppenheimer reissued an “outperform” rating and set a $105.00 price target on shares of Everus Construction Group in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.75.

Everus Construction Group Stock Down 2.7%

ECG opened at $116.12 on Wednesday. Everus Construction Group, Inc. has a fifty-two week low of $31.38 and a fifty-two week high of $137.64. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.76. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 29.47 and a beta of 3.27. The firm’s fifty day moving average is $96.25 and its 200 day moving average is $89.44.

Everus Construction Group (NYSE:ECG) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.36. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $879.57 million. Everus Construction Group had a return on equity of 37.06% and a net margin of 5.39%.The business’s quarterly revenue was up 33.0% on a year-over-year basis. During the same period last year, the firm earned $0.67 earnings per share. On average, sell-side analysts forecast that Everus Construction Group, Inc. will post 2.49 earnings per share for the current fiscal year.

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.