Everus Construction Group (NYSE:ECG) Stock Rating Lowered by Wall Street Zen

Everus Construction Group (NYSE:ECG - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Friday.

Other equities research analysts have also recently issued research reports about the company. Stifel Nicolaus lifted their price target on Everus Construction Group from $71.00 to $83.00 and gave the company a "buy" rating in a report on Friday, July 11th. DA Davidson lifted their price target on Everus Construction Group from $58.00 to $68.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. Finally, Oppenheimer lifted their price target on Everus Construction Group from $66.00 to $70.00 and gave the company an "outperform" rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $73.67.

Everus Construction Group Trading Down 0.1%

Shares of NYSE ECG opened at $69.16 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.78 and a quick ratio of 1.69. The firm's 50-day moving average price is $61.43 and its two-hundred day moving average price is $53.72. Everus Construction Group has a 52-week low of $31.38 and a 52-week high of $77.93.

Everus Construction Group (NYSE:ECG - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.29. Everus Construction Group had a net margin of 4.98% and a return on equity of 33.27%. The firm had revenue of $826.63 million for the quarter, compared to analysts' expectations of $676.35 million. The company's quarterly revenue was up 32.1% compared to the same quarter last year. On average, research analysts predict that Everus Construction Group will post 2.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Everus Construction Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ECG. Principal Financial Group Inc. grew its position in Everus Construction Group by 40.7% in the first quarter. Principal Financial Group Inc. now owns 347,556 shares of the company's stock worth $12,891,000 after buying an additional 100,551 shares during the last quarter. GAMMA Investing LLC grew its position in Everus Construction Group by 295.6% in the first quarter. GAMMA Investing LLC now owns 720 shares of the company's stock worth $27,000 after buying an additional 538 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Everus Construction Group in the first quarter worth approximately $716,000. Asset Management One Co. Ltd. grew its position in Everus Construction Group by 52.0% in the first quarter. Asset Management One Co. Ltd. now owns 70,905 shares of the company's stock worth $2,630,000 after buying an additional 24,263 shares during the last quarter. Finally, Deutsche Bank AG acquired a new position in Everus Construction Group in the fourth quarter worth approximately $1,192,000.

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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