361,159 Shares in Everus Construction Group, Inc. $ECG Purchased by De Lisle Partners LLP

Key Points

• De Lisle Partners LLP purchased 361,159 Everus Construction Group shares worth approximately $59.9 million, making ECG its largest portfolio holding at 6.5% and representing a 0.71% stake in the company.
• Everus reported a strong quarter, with earnings of $1.64 per share and revenue of $1.23 billion, exceeding estimates and reflecting 33.7% year-over-year revenue growth.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $169.50, although recent ratings included both upgrades and downgrades; insider activity was mixed, with a director buying shares while a vice president sold stock.

De Lisle Partners LLP 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 and Exchange Commission. The firm bought 361,159 shares of the company's stock, valued at approximately $59,936,000. Everus Construction Group accounts for 6.5% of De Lisle Partners LLP's portfolio, making the stock its biggest position. De Lisle Partners LLP owned 0.71% of Everus Construction Group at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC increased its stake in Everus Construction Group by 6.7% during the first quarter. Parallel Advisors LLC now owns 1,200 shares of the company's stock worth $142,000 after purchasing an additional 75 shares during the period. Root Financial Partners LLC boosted its stake in shares of Everus Construction Group by 126.0% in the first quarter. Root Financial Partners LLC now owns 217 shares of the company's stock valued at $26,000 after purchasing an additional 121 shares during the period. Maryland State Retirement & Pension System grew its holdings in shares of Everus Construction Group by 1.4% in the fourth quarter. Maryland State Retirement & Pension System now owns 10,379 shares of the company's stock valued at $888,000 after purchasing an additional 146 shares in the last quarter. DMKC Advisory Services LLC grew its holdings in shares of Everus Construction Group by 4.2% in the fourth quarter. DMKC Advisory Services LLC now owns 3,762 shares of the company's stock valued at $322,000 after purchasing an additional 150 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in Everus Construction Group during the 2nd quarter worth approximately $28,000.

Insider Buying and Selling

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

Everus Construction Group Stock Performance

Shares of Everus Construction Group stock opened at $125.91 on Friday. The business has a 50-day simple moving average of $139.89 and a 200-day simple moving average of $132.34. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.53 and a current ratio of 1.59. Everus Construction Group, Inc. has a one year low of $73.00 and a one year high of $171.58. The company has a market cap of $6.43 billion, a PE ratio of 25.33 and a beta of 2.37.

Everus Construction Group (NYSE:ECG - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.64 earnings per share for the quarter, beating 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 firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter last year, the company earned $1.03 earnings per share. The firm's revenue was up 33.7% compared to the same quarter last year. On average, equities research analysts forecast that Everus Construction Group, Inc. will post 5.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus set a $172.00 target price on shares of Everus Construction Group in a report on Friday, May 8th. Weiss Ratings restated a "hold (c+)" rating on shares of Everus Construction Group in a research note on Tuesday, August 4th. Zacks Research lowered Everus Construction Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Guggenheim increased their price objective on Everus Construction Group from $160.00 to $184.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Finally, Cantor Fitzgerald decreased their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $169.50.

Everus Construction Group Company 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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