33,782 Shares in Everus Construction Group, Inc. $ECG Purchased by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC acquired a new stake in 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 firm acquired 33,782 shares of the company's stock, valued at approximately $5,606,000. Beacon Pointe Advisors LLC owned 0.07% of Everus Construction Group at the end of the most recent quarter.

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

Insider Buying and Selling

In other Everus Construction Group news, Director David M. Sparby bought 1,000 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were bought at an average price of $144.95 per share, with a total value of $144,950.00. Following the purchase, the director owned 19,658 shares of the company's stock, valued at $2,849,427.10. This trade represents a 5.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Paul R. Sanderson sold 3,300 shares of the company's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $136.69, for a total value of $451,077.00. Following the completion of the transaction, the vice president owned 18,950 shares of the company's stock, valued at $2,590,275.50. The trade was a 14.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.33% of the company's stock.

Everus Construction Group Trading Down 4.2%

Everus Construction Group stock opened at $115.93 on Friday. The business has a 50-day simple moving average of $136.26 and a two-hundred day simple moving average of $133.34. The company has a quick ratio of 1.53, a current ratio of 1.59 and a debt-to-equity ratio of 0.34. The company has a market cap of $5.92 billion, a P/E ratio of 23.33 and a beta of 2.37. Everus Construction Group, Inc. has a 52-week low of $73.00 and a 52-week high of $171.58.

Everus Construction Group (NYSE:ECG - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.64 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the firm earned $1.03 earnings per share. The company's quarterly revenue was up 33.7% on a year-over-year basis. Analysts predict that Everus Construction Group, Inc. will post 5.25 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on ECG shares. DA Davidson initiated coverage on shares of Everus Construction Group in a report on Friday, August 21st. They issued a "buy" rating and a $168.00 price target on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of Everus Construction Group in a research note on Tuesday, August 4th. Zacks Research raised shares of Everus Construction Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 25th. Cantor Fitzgerald lowered their target price on shares of 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, Stifel Nicolaus set a $172.00 price target on Everus Construction Group in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $169.50.

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

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