Everus Construction Group, Inc. (NYSE:ECG) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Everus Construction Group, Inc. has received an average recommendation of "Moderate Buy" from five research firms, with a target price of $82.00.
• Analysts at DA Davidson and Stifel Nicolaus have raised their price targets for ECG shares to $88.00, while Wall Street Zen upgraded the stock to a "strong-buy" rating.
• Everus Construction Group reported earnings per share (EPS) of $1.03 for the quarter, surpassing estimates and demonstrating a 31% increase in revenue year-over-year.

Everus Construction Group, Inc. (NYSE:ECG - Get Free Report) has been assigned an average rating of "Moderate Buy" from the five analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $82.00.

ECG has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their target price on Everus Construction Group from $83.00 to $88.00 and gave the stock a "buy" rating in a report on Thursday, September 11th. DA Davidson boosted their target price on shares of Everus Construction Group from $68.00 to $88.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Wall Street Zen cut shares of Everus Construction Group from a "strong-buy" rating to a "buy" rating in a report on Sunday. Oppenheimer lifted their price target on shares of Everus Construction Group from $66.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Finally, Zacks Research upgraded Everus Construction Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 14th.

Hedge Funds Weigh In On Everus Construction Group

A number of institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. raised its holdings in Everus Construction Group by 5.6% during the 2nd quarter. Osaic Holdings Inc. now owns 5,581 shares of the company's stock worth $347,000 after buying an additional 297 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Everus Construction Group by 105.3% in the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company's stock worth $25,000 after acquiring an additional 198 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Everus Construction Group by 7.5% during the second quarter. Public Sector Pension Investment Board now owns 173,851 shares of the company's stock valued at $11,045,000 after acquiring an additional 12,133 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Everus Construction Group by 194.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,162 shares of the company's stock valued at $74,000 after acquiring an additional 768 shares in the last quarter. Finally, Corient Private Wealth LLC acquired a new position in Everus Construction Group in the 2nd quarter worth approximately $301,000.

Everus Construction Group Stock Performance

ECG stock traded up $4.44 during mid-day trading on Friday, reaching $83.26. The company had a trading volume of 158,157 shares, compared to its average volume of 622,366. Everus Construction Group has a one year low of $31.38 and a one year high of $90.00. The company has a quick ratio of 1.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $4.25 billion and a P/E ratio of 25.70. The stock's 50-day simple moving average is $74.12 and its two-hundred day simple moving average is $57.51.

Everus Construction Group (NYSE:ECG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.42. Everus Construction Group had a return on equity of 35.83% and a net margin of 5.07%.The company had revenue of $921.47 million during the quarter, compared to analyst estimates of $749.12 million. The company's revenue for the quarter was up 31.0% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. Research analysts anticipate that Everus Construction Group will post 2.49 EPS for the current 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.