ZWJ Investment Counsel Inc. Invests $242,000 in Everus Construction Group, Inc. $ECG

ZWJ Investment Counsel Inc. acquired a new position in shares of Everus Construction Group, Inc. (NYSE:ECG) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,815 shares of the company’s stock, valued at approximately $242,000.

A number of other large investors have also modified their holdings of the stock. Precedent Wealth Partners LLC purchased a new stake in shares of Everus Construction Group during the second quarter worth $225,000. Hilltop National Bank purchased a new stake in shares of Everus Construction Group during the second quarter worth $41,000. DMKC Advisory Services LLC purchased a new stake in shares of Everus Construction Group during the second quarter worth $313,000. Hudson Value Partners LLC grew its stake in shares of Everus Construction Group by 1.7% during the second quarter. Hudson Value Partners LLC now owns 80,361 shares of the company’s stock worth $5,105,000 after purchasing an additional 1,347 shares in the last quarter. Finally, Forza Wealth Management LLC acquired a new position in shares of Everus Construction Group during the second quarter worth $325,000.

Everus Construction Group Stock Performance

NYSE ECG opened at $80.17 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 1.69. Everus Construction Group, Inc. has a 1 year low of $31.38 and a 1 year high of $90.00. The company has a market capitalization of $4.09 billion and a PE ratio of 24.74. The company has a fifty day moving average of $77.23 and a two-hundred day moving average of $61.24.

Everus Construction Group (NYSE:ECG) last released its quarterly earnings data on Tuesday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.42. Everus Construction Group had a net margin of 5.07% and a return on equity of 35.83%. The company had revenue of $921.47 million during the quarter, compared to the consensus estimate of $749.12 million. The business’s quarterly revenue was up 31.0% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. As a group, analysts expect that Everus Construction Group, Inc. will post 2.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ECG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Everus Construction Group in a research note on Saturday, September 27th. Oppenheimer boosted their target price on shares of Everus Construction Group from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. Wall Street Zen downgraded shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 14th. Stifel Nicolaus boosted their target price on shares of Everus Construction Group from $83.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, September 11th. Finally, Zacks Research upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 14th. One equities research 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. According to data from MarketBeat.com, Everus Construction Group presently has a consensus rating of “Moderate Buy” and an average price target of $82.00.

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.