Everus Construction Group (NYSE:ECG) Trading Up 10.8% After Better-Than-Expected Earnings

Key Points

• Shares rose 10.8% intraday to about $167 after Everus reported quarterly EPS of $1.14, beating the consensus $0.81, with volume up ~57% versus average.
• Analysts are mixed: the consensus rating is "Hold" with an average target of $126.33, though some firms (e.g., Guggenheim, Stifel) have recently issued or raised Buy ratings and targets near $153–$160.
• Key fundamentals: market cap ~$8.58B, PE ~42.7, return on equity 37.06% and net margin 5.39%, with a 50-day moving average (~$122) well above the 200-day (~$102), indicating recent upward momentum.

Everus Construction Group, Inc. (NYSE:ECG - Get Free Report)'s stock price rose 10.8% during trading on Tuesday following a better than expected earnings announcement. The stock traded as high as $166.60 and last traded at $167.16. Approximately 1,021,280 shares were traded during trading, an increase of 57% from the average daily volume of 650,863 shares. The stock had previously closed at $150.93.

The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.33. Everus Construction Group had a return on equity of 37.06% and a net margin of 5.39%.

Wall Street Analysts Forecast Growth

ECG has been the topic of several analyst reports. Zacks Research downgraded Everus Construction Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 27th. Cantor Fitzgerald assumed coverage on Everus Construction Group in a research report on Friday, January 23rd. They set a "neutral" rating and a $97.00 target price on the stock. Guggenheim raised Everus Construction Group from a "neutral" rating to a "buy" rating and set a $160.00 price objective on the stock in a research report on Thursday, April 30th. Glj Research assumed coverage on Everus Construction Group in a research report on Monday, April 20th. They issued a "hold" rating and a $141.00 price objective on the stock. Finally, Stifel Nicolaus upped their price objective on Everus Construction Group to $153.00 and gave the company a "buy" rating in a research report on Wednesday, April 15th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Everus Construction Group presently has a consensus rating of "Hold" and an average target price of $126.33.

Institutional Investors Weigh In On Everus Construction Group

Hedge funds have recently made changes to their positions in the company. Geneos Wealth Management Inc. lifted its holdings 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 worth $25,000 after buying an additional 198 shares during the period. Root Financial Partners LLC lifted its holdings in shares of Everus Construction Group by 126.0% in the 1st quarter. Root Financial Partners LLC now owns 217 shares of the company's stock worth $26,000 after buying an additional 121 shares during the period. Sound Income Strategies LLC purchased a new stake in shares of Everus Construction Group in the 4th quarter worth $28,000. Bessemer Group Inc. lifted its holdings in shares of Everus Construction Group by 68.2% in the 3rd quarter. Bessemer Group Inc. now owns 338 shares of the company's stock worth $29,000 after buying an additional 137 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Everus Construction Group in the 4th quarter worth $30,000.

Everus Construction Group Stock Up 11.4%

The firm has a market capitalization of $8.58 billion, a PE ratio of 42.66 and a beta of 2.55. The company has a fifty day simple moving average of $122.41 and a two-hundred day simple moving average of $102.38. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.76.

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. Everus Construction Group is based in BISMARCK, N.D.

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