Brokerages Set Everus Construction Group, Inc. (NYSE:ECG) PT at $80.33

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Shares of Everus Construction Group, Inc. (NYSE:ECG - Get Free Report) have received an average recommendation of "Moderate Buy" from the five research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $80.3333.

ECG has been the topic of several analyst reports. Stifel Nicolaus boosted their price target on shares of Everus Construction Group from $71.00 to $83.00 and gave the company a "buy" rating in a report on Friday, July 11th. 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. Oppenheimer boosted their target price on shares of Everus Construction Group from $66.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Wall Street Zen upgraded shares of Everus Construction Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Finally, DA Davidson boosted their target price on shares of Everus Construction Group from $68.00 to $88.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th.

Everus Construction Group Stock Performance

ECG stock traded up $0.2890 on Tuesday, reaching $76.0790. 352,524 shares of the company were exchanged, compared to its average volume of 692,051. The firm has a market capitalization of $3.88 billion and a PE ratio of 23.48. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 1.69. The stock's fifty day moving average price is $68.73 and its 200 day moving average price is $54.30. Everus Construction Group has a 12 month low of $31.38 and a 12 month high of $90.00.

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, beating the consensus estimate of $0.61 by $0.42. The firm had revenue of $921.47 million for the quarter, compared to analyst estimates of $749.12 million. Everus Construction Group had a net margin of 5.07% and a return on equity of 35.83%. The business'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. On average, research analysts anticipate that Everus Construction Group will post 2.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brady Martz Wealth Solutions LLC lifted its position in Everus Construction Group by 2.3% during the 2nd quarter. Brady Martz Wealth Solutions LLC now owns 6,855 shares of the company's stock valued at $435,000 after purchasing an additional 154 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Everus Construction Group by 105.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company's stock valued at $25,000 after acquiring an additional 198 shares during the period. Signaturefd LLC raised its position in shares of Everus Construction Group by 91.6% in the 2nd quarter. Signaturefd LLC now owns 435 shares of the company's stock valued at $28,000 after acquiring an additional 208 shares during the period. Yousif Capital Management LLC raised its position in shares of Everus Construction Group by 1.1% in the 2nd quarter. Yousif Capital Management LLC now owns 19,077 shares of the company's stock valued at $1,212,000 after acquiring an additional 215 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Everus Construction Group by 30.1% in the 2nd quarter. GAMMA Investing LLC now owns 937 shares of the company's stock valued at $60,000 after acquiring an additional 217 shares during the period.

About Everus Construction Group

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.