Financial Engines Advisors L.L.C. Purchases New Position in Everus Construction Group, Inc. (NYSE:ECG)

Key Points

• Financial Engines Advisors L.L.C. has acquired 8,867 shares of Everus Construction Group, valued at approximately $329,000, as reported in their recent SEC filing.
• Several institutional investors, including Nuveen LLC and Invesco Ltd., have also increased their stakes in Everus, signaling growing interest in the company.
• Everus Construction Group reported earnings of $1.03 per share, outperforming analysts' expectations and showing a 31.0% increase in quarterly revenue year-over-year.

Financial Engines Advisors L.L.C. bought a new stake in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,867 shares of the company's stock, valued at approximately $329,000.

Several other hedge funds also recently modified their holdings of the stock. Westwood Holdings Group Inc. purchased a new position in shares of Everus Construction Group during the 1st quarter valued at $75,089,000. Dimensional Fund Advisors LP purchased a new position in shares of Everus Construction Group during the 4th quarter valued at $120,578,000. Invesco Ltd. lifted its position in shares of Everus Construction Group by 7.8% during the 1st quarter. Invesco Ltd. now owns 1,071,118 shares of the company's stock valued at $39,728,000 after buying an additional 77,396 shares during the last quarter. Naya Capital Management UK Ltd. purchased a new position in shares of Everus Construction Group during the 4th quarter valued at $48,619,000. Finally, Frontier Capital Management Co. LLC purchased a new position in shares of Everus Construction Group during the 4th quarter valued at $34,797,000.

Everus Construction Group Stock Performance

Shares of ECG traded up $0.24 during trading hours on Friday, hitting $75.55. The stock had a trading volume of 694,088 shares, compared to its average volume of 695,847. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 1.69. Everus Construction Group, Inc. has a 12 month low of $31.38 and a 12 month high of $90.00. The firm has a market capitalization of $3.85 billion and a PE ratio of 23.32. The stock has a fifty day moving average price of $67.20 and a 200 day moving average price of $54.05.

Everus Construction Group (NYSE:ECG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.61 by $0.42. Everus Construction Group had a return on equity of 35.83% and a net margin of 5.07%. The business had revenue of $921.47 million for the quarter, compared to the consensus estimate of $749.12 million. The firm's revenue was up 31.0% compared to the same quarter last year. Analysts anticipate that Everus Construction Group, Inc. will post 2.49 EPS for the current year.

Wall Street Analysts Forecast Growth

ECG has been the topic of a number of analyst reports. DA Davidson set a $88.00 price objective on Everus Construction Group and gave the company a "neutral" rating in a research note on Thursday. Oppenheimer upped their target price on Everus Construction Group from $66.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Wall Street Zen upgraded Everus Construction Group from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Stifel Nicolaus upped their target price on Everus Construction Group from $71.00 to $83.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $80.33.

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.