Financial Engines Advisors L.L.C. Invests $329,000 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. acquired a new position in Everus Construction Group, Inc. (NYSE:ECG - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,867 shares of the company's stock, valued at approximately $329,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Westwood Holdings Group Inc. bought a new stake in Everus Construction Group during the 1st quarter valued at $75,089,000. Dimensional Fund Advisors LP acquired a new stake in Everus Construction Group during the 4th quarter worth about $120,578,000. Invesco Ltd. lifted its position in Everus Construction Group by 7.8% during the 1st quarter. Invesco Ltd. now owns 1,071,118 shares of the company's stock worth $39,728,000 after acquiring an additional 77,396 shares during the period. Naya Capital Management UK Ltd. acquired a new stake in Everus Construction Group during the 4th quarter worth about $48,619,000. Finally, Frontier Capital Management Co. LLC acquired a new stake in Everus Construction Group during the 4th quarter worth about $34,797,000.

Analyst Ratings Changes

A number of brokerages have commented on ECG. DA Davidson set a $88.00 price target on Everus Construction Group and gave the stock a "neutral" rating in a research report on Thursday. Wall Street Zen raised Everus Construction Group from a "hold" rating to a "buy" rating in a research report on Saturday. Oppenheimer lifted their price objective on Everus Construction Group from $66.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Finally, Stifel Nicolaus lifted their price objective on Everus Construction Group from $71.00 to $83.00 and gave the company 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 issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $80.33.

Everus Construction Group Stock Performance

Shares of NYSE ECG traded up $0.24 during trading on Friday, reaching $75.55. 694,088 shares of the company traded hands, compared to its average volume of 695,847. The company has a current ratio of 1.77, a quick ratio of 1.69 and a debt-to-equity ratio of 0.53. Everus Construction Group, Inc. has a 12-month low of $31.38 and a 12-month high of $90.00. The firm's fifty day simple moving average is $67.20 and its 200 day simple moving average is $54.14. The stock has a market cap of $3.85 billion and a P/E ratio of 23.32.

Everus Construction Group (NYSE:ECG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $1.03 EPS for the quarter, topping 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 company had revenue of $921.47 million during the quarter, compared to analyst estimates of $749.12 million. Everus Construction Group's revenue for the quarter was up 31.0% on a year-over-year basis. As a group, research analysts anticipate that Everus Construction Group, Inc. will post 2.49 earnings per share for the current fiscal year.

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.