Everus Construction Group (NYSE:ECG) Hits New 52-Week High - Should You Buy?

Key Points

• Everus Construction Group shares reached a new 52-week high of $92.00, closing at $90.20 with a trading volume of 24,006 shares.
• After recent analyst reports, Everus got a mixed rating with one strong buy, two buy, and three hold recommendations, while the average price target is $90.67.
• The company's recent earnings report revealed $1.03 EPS, significantly exceeding analysts' expectations of $0.61, alongside a 31% increase in revenue year-over-year.

Shares of Everus Construction Group, Inc. (NYSE:ECG - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $92.00 and last traded at $90.20, with a volume of 24006 shares traded. The stock had previously closed at $91.13.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ECG shares. Wall Street Zen downgraded Everus Construction Group from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 14th. Stifel Nicolaus raised their target price on Everus Construction Group from $88.00 to $94.00 and gave the company a "buy" rating in a research note on Thursday, October 9th. Zacks Research upgraded Everus Construction Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. DA Davidson increased their price target on Everus Construction Group from $68.00 to $88.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. Finally, Oppenheimer set a $90.00 price target on Everus Construction Group and gave the company an "outperform" rating in a report on Tuesday, October 7th. One 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 company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $90.67.

Everus Construction Group Stock Performance

The firm's fifty day moving average price is $80.42 and its 200 day moving average price is $65.22. The company has a current ratio of 1.77, a quick ratio of 1.69 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $4.54 billion and a PE ratio of 27.50.

Everus Construction Group (NYSE:ECG - Get Free Report) 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 business had revenue of $921.47 million during the quarter, compared to analyst estimates of $749.12 million. The business's revenue was up 31.0% on a year-over-year basis. Everus Construction Group has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Everus Construction Group, Inc. will post 2.49 earnings per share for the current year.

Institutional Investors Weigh In On Everus Construction Group

Hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its stake in Everus Construction Group by 105.3% in the second 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. GAMMA Investing LLC increased its stake in Everus Construction Group by 295.6% in the first quarter. GAMMA Investing LLC now owns 720 shares of the company's stock valued at $27,000 after acquiring an additional 538 shares during the period. Signaturefd LLC raised its holdings in Everus Construction Group by 91.6% in the second quarter. Signaturefd LLC now owns 435 shares of the company's stock worth $28,000 after purchasing an additional 208 shares during the period. Concord Wealth Partners acquired a new stake in Everus Construction Group in the first quarter worth $31,000. Finally, Country Trust Bank acquired a new stake in Everus Construction Group in the second quarter worth $31,000.

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.

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