Everus Construction Group, Inc. (NYSE:ECG) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analysts rate Everus Construction Group “Moderate Buy.” Among nine covering firms, four recommend buying, four rate it a hold and one rates it a strong buy; the average 12-month price target is $169.50.
• Quarterly results exceeded expectations. Everus reported $1.64 in earnings per share versus the $1.14 consensus estimate, while revenue rose 33.7% year over year to $1.23 billion.
• The stock opened at $109.27, down 2.1%. Shares remain below their 50-day and 200-day moving averages, while insider activity was mixed and several institutional investors increased their holdings.

Everus Construction Group, Inc. (NYSE:ECG - Get Free Report) has been assigned an average rating of "Moderate Buy" from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $169.50.

A number of analysts have commented on the stock. Weiss Ratings raised shares of Everus Construction Group from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. DA Davidson started coverage on shares of Everus Construction Group in a research report on Friday, August 21st. They set a "buy" rating and a $168.00 target price for the company. Oppenheimer reissued an "outperform" rating and issued a $200.00 price target on shares of Everus Construction Group in a research note on Thursday, August 6th. Cantor Fitzgerald cut their price target on Everus Construction Group from $174.00 to $152.00 and set a "neutral" rating on the stock in a research note on Thursday, August 13th. Finally, Zacks Research lowered Everus Construction Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 6th.

Insider Transactions at Everus Construction Group

In related news, VP Paul Sanderson sold 3,300 shares of the company's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $136.69, for a total value of $451,077.00. Following the completion of the sale, the vice president owned 18,950 shares in the company, valued at approximately $2,590,275.50. This represents a 14.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David Sparby acquired 1,000 shares of the company's stock in a transaction that occurred on Monday, August 17th. The stock was bought at an average price of $144.95 per share, with a total value of $144,950.00. Following the acquisition, the director directly owned 19,658 shares of the company's stock, valued at $2,849,427.10. The trade was a 5.36% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.33% of the company's stock.

Hedge Funds Weigh In On Everus Construction Group

Institutional investors have recently modified their holdings of the stock. TD Waterhouse Canada Inc. raised its position in shares of Everus Construction Group by 82.8% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 276 shares of the company's stock valued at $33,000 after acquiring an additional 125 shares during the period. AdvisorNet Financial Inc boosted its stake in Everus Construction Group by 6.7% during the 3rd quarter. AdvisorNet Financial Inc now owns 9,542 shares of the company's stock worth $1,085,000 after acquiring an additional 597 shares during the last quarter. Allied Investment Advisors LLC boosted its stake in Everus Construction Group by 13.5% during the 3rd quarter. Allied Investment Advisors LLC now owns 6,419 shares of the company's stock worth $754,000 after acquiring an additional 763 shares during the last quarter. Wedmont Private Capital grew its holdings in Everus Construction Group by 21.5% during the third quarter. Wedmont Private Capital now owns 3,043 shares of the company's stock valued at $372,000 after purchasing an additional 538 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Everus Construction Group by 5.2% during the third quarter. GAMMA Investing LLC now owns 2,119 shares of the company's stock valued at $249,000 after purchasing an additional 105 shares during the period.

Everus Construction Group Stock Down 2.1%

Shares of NYSE:ECG opened at $109.27 on Friday. Everus Construction Group has a one year low of $78.14 and a one year high of $171.58. The company has a 50 day moving average of $120.78 and a 200-day moving average of $134.52. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.59 and a quick ratio of 1.53. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 21.99 and a beta of 2.27.

Everus Construction Group (NYSE:ECG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.50. Everus Construction Group had a net margin of 5.96% and a return on equity of 38.22%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. Everus Construction Group's revenue for the quarter was up 33.7% compared to the same quarter last year. On average, sell-side analysts forecast that Everus Construction Group will post 5.25 earnings per share for the current year.

Everus Construction Group Company Profile

Everus Construction Group, Inc is a U.S.-based infrastructure construction company that provides services for electric, natural gas, communications and other utility networks. Its work includes the construction, maintenance and repair of power transmission and distribution systems, underground and overhead utility infrastructure, natural gas pipelines and related facilities.

The company also serves telecommunications, renewable energy, industrial and commercial customers. Its capabilities include engineering and construction, storm restoration, distribution system work, substation and transmission construction, fiber and communications infrastructure, and other specialized projects that support energy and utility networks.

Everus Construction Group was formerly known as MDU Construction Services Group and became an independent publicly traded company following its separation from MDU Resources Group in 2024.

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