10,187 Shares in Everus Construction Group, Inc. $ECG Bought by First National Bank of Omaha

Key Points

• First National Bank of Omaha acquired 10,187 Everus Construction Group shares in the second quarter, valued at approximately $1.63 million. Several other institutional investors also increased or initiated positions.
• Everus reported a strong quarter, with EPS of $1.64 versus the $1.14 analyst consensus and revenue of $1.23 billion, up 33.7% year over year and above expectations.
• Analyst sentiment remains positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $158.50, though recent targets range from $152 to $200.

First National Bank of Omaha bought a new stake in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,187 shares of the company's stock, valued at approximately $1,631,000.

Other hedge funds also recently added to or reduced their stakes in the company. First Trust Advisors LP grew its stake in shares of Everus Construction Group by 109.9% during the 1st quarter. First Trust Advisors LP now owns 1,280,916 shares of the company's stock worth $151,225,000 after purchasing an additional 670,646 shares during the period. Fifth Third Bancorp lifted its stake in shares of Everus Construction Group by 9,475.7% in the 1st quarter. Fifth Third Bancorp now owns 32,653 shares of the company's stock valued at $3,855,000 after purchasing an additional 32,312 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of Everus Construction Group by 120.8% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 51,474 shares of the company's stock valued at $4,404,000 after purchasing an additional 28,164 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Everus Construction Group in the 4th quarter valued at $924,000. Finally, Jackson Creek Investment Advisors LLC purchased a new stake in Everus Construction Group during the fourth quarter worth $393,000.

Everus Construction Group Stock Performance

ECG opened at $129.51 on Thursday. The firm's fifty day simple moving average is $140.72 and its two-hundred day simple moving average is $132.13. Everus Construction Group, Inc. has a 52-week low of $72.43 and a 52-week high of $171.58. The company has a market cap of $6.61 billion, a price-to-earnings ratio of 26.06 and a beta of 2.37. The company has a quick ratio of 1.53, a current ratio of 1.59 and a debt-to-equity ratio of 0.34.

Everus Construction Group (NYSE:ECG - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.50. Everus Construction Group had a net margin of 5.96% and a return on equity of 38.22%. The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. The company's quarterly revenue was up 33.7% on a year-over-year basis. Equities analysts anticipate that Everus Construction Group, Inc. will post 5.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Paul R. Sanderson sold 3,300 shares of the firm's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $136.69, for a total value of $451,077.00. Following the transaction, the vice president directly owned 18,950 shares of the company's stock, valued at approximately $2,590,275.50. This trade represents a 14.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director David M. Sparby purchased 1,000 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were acquired at an average price of $144.95 per share, for a total transaction of $144,950.00. Following the completion of the transaction, the director directly owned 19,658 shares of the company's stock, valued at $2,849,427.10. The trade was a 5.36% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.33% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Guggenheim upped their price objective on shares of Everus Construction Group from $160.00 to $184.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Freedom Capital upgraded Everus Construction Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. Oppenheimer restated an "outperform" rating and issued a $200.00 price target on shares of Everus Construction Group in a research note on Thursday, August 6th. Cantor Fitzgerald reduced their price target on Everus Construction Group from $174.00 to $152.00 and set a "neutral" rating for the company in a report on Thursday, August 13th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Everus Construction Group in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $158.50.

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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