Quantum Private Wealth LLC Takes Position in Everus Construction Group, Inc. $ECG

Quantum Private Wealth LLC purchased a new stake in shares of Everus Construction Group, Inc. (NYSE:ECG) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 16,000 shares of the company’s stock, valued at approximately $1,372,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Geneos Wealth Management Inc. boosted its position in Everus Construction Group by 105.3% in the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after buying an additional 198 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Everus Construction Group by 68.2% during the third quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock worth $29,000 after buying an additional 137 shares in the last quarter. Country Trust Bank bought a new position in shares of Everus Construction Group in the 2nd quarter valued at $31,000. Salomon & Ludwin LLC acquired a new stake in shares of Everus Construction Group during the 3rd quarter valued at $33,000. Finally, GHP Investment Advisors Inc. bought a new stake in Everus Construction Group during the 2nd quarter worth $37,000.

Everus Construction Group Price Performance

Shares of ECG opened at $108.07 on Monday. The business has a 50-day moving average of $92.21 and a 200-day moving average of $87.33. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.69. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 30.62 and a beta of 3.84. Everus Construction Group, Inc. has a 1 year low of $31.38 and a 1 year high of $109.32.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everus Construction Group in a report on Thursday, January 22nd. Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of Everus Construction Group in a research note on Thursday, November 6th. Cantor Fitzgerald began coverage on shares of Everus Construction Group in a report on Friday, January 23rd. They issued a “neutral” rating and a $97.00 price objective for the company. Guggenheim started coverage on shares of Everus Construction Group in a research report on Thursday, January 22nd. They set a “neutral” rating on the stock. Finally, Stifel Nicolaus decreased their price target on shares of Everus Construction Group from $110.00 to $107.00 and set a “buy” rating for the company in a research report on Monday, January 26th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $102.75.

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.