Everus Construction Group, Inc. (NYSE:ECG) Stock Has Consensus Price Target of $154.17 According to Analysts

Key Points

• Analysts remain moderately positive: Nine firms give Everus Construction Group a consensus “Moderate Buy” rating and an average 12-month price target of $154.17, though Cantor Fitzgerald recently cut its target to $123.
• Quarterly results beat estimates: Everus reported EPS of $1.79 versus $1.31 expected and revenue of $1.38 billion versus $1.19 billion expected; revenue rose 40.3% year over year.
• A company director bought 1,000 shares at an average price of $144.95, increasing his stake by 5.36%.

Everus Construction Group, Inc. (NYSE:ECG - Get Free Report) has earned a consensus rating of "Moderate Buy" from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $154.17.

ECG has been the subject of a number of recent analyst reports. Freedom Capital upgraded Everus Construction Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. Zacks Research upgraded Everus Construction Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 6th. DA Davidson began coverage on Everus Construction Group in a research report on Friday, August 21st. They issued a "buy" rating and a $168.00 price target on the stock. Wall Street Zen raised Everus Construction Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, November 7th. Finally, Cantor Fitzgerald cut their price objective on shares of Everus Construction Group from $152.00 to $123.00 and set a "neutral" rating for the company in a research report on Tuesday.

Insider Buying and Selling

In other news, Director David Sparby bought 1,000 shares of the firm's stock in a transaction on Monday, August 17th. The shares were purchased at an average cost of $144.95 per share, with a total value of $144,950.00. Following the acquisition, the director directly owned 19,658 shares in the company, valued at $2,849,427.10. This represents a 5.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Everus Construction Group

Several hedge funds and other institutional investors have recently made changes to their positions in ECG. BlackRock Inc. bought a new stake in shares of Everus Construction Group during the 2nd quarter worth approximately $1,094,243,000. First Trust Advisors LP increased its stake in Everus Construction Group by 109.9% in the first quarter. First Trust Advisors LP now owns 1,280,916 shares of the company's stock valued at $151,225,000 after acquiring an additional 670,646 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Everus Construction Group by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,105,056 shares of the company's stock valued at $130,431,000 after acquiring an additional 10,760 shares during the last quarter. De Lisle Partners LLP bought a new position in Everus Construction Group in the second quarter valued at approximately $59,936,000. Finally, Bank of New York Mellon Corp acquired a new position in Everus Construction Group during the second quarter valued at approximately $46,211,000.

Everus Construction Group Trading Up 3.7%

Shares of NYSE:ECG opened at $88.91 on Thursday. The company has a market capitalization of $4.54 billion, a P/E ratio of 15.74 and a beta of 2.36. Everus Construction Group has a 1 year low of $70.44 and a 1 year high of $171.58. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.53 and a quick ratio of 1.48. The business's 50 day simple moving average is $109.77 and its 200 day simple moving average is $125.12.

Everus Construction Group (NYSE:ECG - Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $1.79 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.48. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.19 billion. Everus Construction Group had a return on equity of 39.18% and a net margin of 6.20%. The company's revenue was up 40.3% on a year-over-year basis. During the same quarter last year, the company earned $1.11 EPS. On average, research analysts anticipate that Everus Construction Group will post 5.87 EPS for the current fiscal year.

About Everus Construction Group

Everus Construction Group provides construction services for commercial, industrial, institutional and utility customers. Its work includes electrical and mechanical construction, fire protection, and the building and maintenance of infrastructure for energy and utility systems. The company also performs utility and civil construction, including work on electric transmission and distribution lines, underground utilities, pipelines, water and sewer systems, and transportation-related infrastructure.

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