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

Key Points

• Everus Construction Group (NYSE:ECG) has reached a new 52-week high, trading at $90.71, indicating strong market performance and potential growth.
• Analysts have mixed ratings for the stock, with one upgrade to a "strong-buy" from Zacks Research and a downgrade to a "buy" from Wall Street Zen, resulting in an average consensus rating of "Moderate Buy."
• The company reported impressive quarterly earnings, with a 31% year-over-year revenue increase and earnings per share of $1.03, exceeding analyst expectations of $0.61.

Everus Construction Group, Inc. (NYSE:ECG - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $90.00 and last traded at $90.71, with a volume of 920 shares traded. The stock had previously closed at $88.80.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ECG shares. Wall Street Zen downgraded Everus Construction Group from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 14th. Zacks Research upgraded Everus Construction Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. Stifel Nicolaus increased their price objective on Everus Construction Group from $88.00 to $94.00 and gave the stock a "buy" rating in a report on Thursday, October 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of Everus Construction Group in a report on Wednesday, October 8th. Finally, DA Davidson increased their price objective on Everus Construction Group from $68.00 to $88.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $90.67.

Everus Construction Group Price Performance

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 company has a 50 day moving average price of $78.94 and a 200 day moving average price of $63.53. The company has a market capitalization of $4.62 billion and a P/E ratio of 28.10.

Everus Construction Group (NYSE:ECG - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.42. The business had revenue of $921.47 million during the quarter, compared to analysts' expectations of $749.12 million. Everus Construction Group had a return on equity of 35.83% and a net margin of 5.07%.The firm'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, equities analysts predict that Everus Construction Group, Inc. will post 2.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Everus Construction Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of Everus Construction Group by 40.7% in the 1st quarter. Principal Financial Group Inc. now owns 347,556 shares of the company's stock valued at $12,891,000 after buying an additional 100,551 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Everus Construction Group by 295.6% in the 1st quarter. GAMMA Investing LLC now owns 720 shares of the company's stock valued at $27,000 after buying an additional 538 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Everus Construction Group in the 1st quarter valued at about $716,000. Arizona State Retirement System bought a new stake in shares of Everus Construction Group in the 1st quarter valued at about $515,000. Finally, Bluefin Capital Management LLC bought a new stake in shares of Everus Construction Group in the 1st quarter valued at about $264,000.

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.

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