Swiss National Bank Cuts Stock Holdings in Everus Construction Group, Inc. $ECG

Swiss National Bank lowered its stake in Everus Construction Group, Inc. (NYSE:ECG) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,497 shares of the company’s stock after selling 1,300 shares during the period. Swiss National Bank owned approximately 0.18% of Everus Construction Group worth $5,876,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in Everus Construction Group during the 2nd quarter worth approximately $273,000. State of New Jersey Common Pension Fund D purchased a new stake in shares of Everus Construction Group during the second quarter valued at approximately $2,085,000. Bluefin Capital Management LLC bought a new position in shares of Everus Construction Group in the first quarter worth approximately $264,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Everus Construction Group in the second quarter worth $359,000. Finally, Bank of Montreal Can raised its holdings in Everus Construction Group by 4.2% during the 2nd quarter. Bank of Montreal Can now owns 14,079 shares of the company’s stock valued at $894,000 after buying an additional 563 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Oppenheimer reissued an “outperform” rating and issued a $105.00 price target on shares of Everus Construction Group in a report on Thursday, November 6th. Stifel Nicolaus increased their target price 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. Wall Street Zen raised Everus Construction Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “hold (c)” rating on shares of Everus Construction Group in a report on Wednesday, October 8th. Finally, Zacks Research upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Everus Construction Group has an average rating of “Moderate Buy” and an average price target of $100.33.

Everus Construction Group Stock Performance

Shares of Everus Construction Group stock opened at $90.84 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $4.63 billion and a P/E ratio of 25.73. The business has a fifty day simple moving average of $88.22 and a two-hundred day simple moving average of $75.57. Everus Construction Group, Inc. has a 12 month low of $31.38 and a 12 month high of $103.08.

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