Swiss Life Asset Management Ltd Invests $372,000 in Everus Construction Group, Inc. $ECG

Swiss Life Asset Management Ltd purchased a new position in Everus Construction Group, Inc. (NYSE:ECG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,353 shares of the company’s stock, valued at approximately $372,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Everus Construction Group by 2.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,620 shares of the company’s stock worth $464,000 after buying an additional 109 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Everus Construction Group by 68.2% in the 3rd quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock worth $29,000 after buying an additional 137 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Everus Construction Group by 12.6% in the 4th quarter. GAMMA Investing LLC now owns 1,286 shares of the company’s stock worth $110,000 after buying an additional 144 shares during the last quarter. DMKC Advisory Services LLC boosted its stake in shares of Everus Construction Group by 4.2% in the 4th quarter. DMKC Advisory Services LLC now owns 3,762 shares of the company’s stock worth $322,000 after buying an additional 150 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in shares of Everus Construction Group by 1.1% in the 3rd quarter. Amalgamated Bank now owns 15,531 shares of the company’s stock worth $1,332,000 after buying an additional 163 shares during the last quarter.

Everus Construction Group Price Performance

NYSE:ECG opened at $148.45 on Tuesday. The company has a quick ratio of 1.71, a current ratio of 1.77 and a debt-to-equity ratio of 0.38. The business’s 50-day simple moving average is $131.39 and its two-hundred day simple moving average is $107.39. The stock has a market cap of $7.58 billion, a PE ratio of 34.05 and a beta of 2.55. Everus Construction Group, Inc. has a 52 week low of $55.31 and a 52 week high of $171.58.

Everus Construction Group (NYSE:ECG) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.33. Everus Construction Group had a return on equity of 37.17% and a net margin of 5.65%.The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $933.81 million. During the same period last year, the firm earned $0.72 earnings per share. The business’s quarterly revenue was up 25.4% on a year-over-year basis. As a group, analysts forecast that Everus Construction Group, Inc. will post 4.39 EPS for the current fiscal year.

Analysts Set New Price Targets

ECG has been the topic of a number of research reports. Freedom Capital downgraded Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Stifel Nicolaus set a $172.00 price target on Everus Construction Group in a research note on Friday, May 8th. Oppenheimer raised their price target on Everus Construction Group from $120.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Wall Street Zen cut Everus Construction Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Guggenheim raised Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $154.83.

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.