Everus Construction Group (NYSE:ECG) Upgraded to "Strong-Buy" at Wall Street Zen

Key Points

• Everus Construction Group's stock rating has been upgraded to "Strong-Buy" by Wall Street Zen, reflecting growing confidence among analysts.
• The company's quarterly earnings beat estimates significantly, reporting $1.03 EPS against a consensus of $0.61, with a revenue increase of 31.0% year-over-year.
• Shares for Everus Construction Group have recently declined by 3.9%, with a current market price of $74.35.

Everus Construction Group (NYSE:ECG - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a note issued to investors on Saturday.

Several other brokerages have also recently commented on ECG. Zacks Research raised shares of Everus Construction Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. Oppenheimer raised their target price on shares of Everus Construction Group from $66.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. DA Davidson raised 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. Finally, Stifel Nicolaus raised their target price on shares of Everus Construction Group from $71.00 to $83.00 and gave the stock a "buy" rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $82.00.

Everus Construction Group Stock Performance

Shares of ECG traded up $1.61 during mid-day trading on Friday, hitting $79.18. 289,712 shares of the company's stock were exchanged, compared to its average volume of 484,555. Everus Construction Group has a 52 week low of $31.38 and a 52 week high of $90.00. The stock's 50-day simple moving average is $73.05 and its 200-day simple moving average is $56.51. The firm has a market cap of $4.04 billion and a price-to-earnings ratio of 24.44. The company has a quick ratio of 1.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.53.

Everus Construction Group (NYSE:ECG - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported $1.03 EPS for the quarter, topping 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 company had revenue of $921.47 million for the quarter, compared to analysts' expectations of $749.12 million. The firm's quarterly revenue was up 31.0% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Everus Construction Group will post 2.49 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ECG. Tompkins Financial Corp bought a new position in Everus Construction Group in the first quarter valued at approximately $25,000. 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 last quarter. 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 last quarter. Signaturefd LLC increased its stake in Everus Construction Group by 91.6% in the second quarter. Signaturefd LLC now owns 435 shares of the company's stock valued at $28,000 after acquiring an additional 208 shares during the last quarter. Finally, Concord Wealth Partners bought a new position in Everus Construction Group in the first quarter valued at approximately $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.