American Century Companies Inc. Has $19.86 Million Holdings in Everus Construction Group, Inc. $ECG

Key Points

• American Century Companies Inc. has reduced its stake in Everus Construction Group by 29.1%, now holding approximately 1.05% of the company, valued at about $19.85 million.
• Analyst ratings for Everus Construction Group have improved, with several institutions upgrading their ratings and target prices, reflecting a general sentiment shift towards a Moderate Buy rating.
• Everus Construction Group reported a strong quarterly performance, with earnings per share of $1.03 exceeding estimates, and revenue growth of 31.0% year-over-year.

American Century Companies Inc. lowered its position in Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 29.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 535,329 shares of the company's stock after selling 219,802 shares during the period. American Century Companies Inc. owned 1.05% of Everus Construction Group worth $19,855,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ECG. Moors & Cabot Inc. lifted its holdings in shares of Everus Construction Group by 2.3% in the 1st quarter. Moors & Cabot Inc. now owns 17,477 shares of the company's stock worth $648,000 after acquiring an additional 387 shares during the last quarter. Catalyst Capital Advisors LLC boosted its holdings in Everus Construction Group by 2.0% in the first quarter. Catalyst Capital Advisors LLC now owns 22,692 shares of the company's stock worth $842,000 after acquiring an additional 440 shares in the last quarter. Bleakley Financial Group LLC grew its position in Everus Construction Group by 1.9% during the 1st quarter. Bleakley Financial Group LLC now owns 29,330 shares of the company's stock worth $1,088,000 after purchasing an additional 534 shares during the last quarter. GAMMA Investing LLC lifted its position in Everus Construction Group by 295.6% during the 1st quarter. GAMMA Investing LLC now owns 720 shares of the company's stock worth $27,000 after acquiring an additional 538 shares during the period. Finally, Quarry LP acquired a new position in Everus Construction Group in the 4th quarter worth approximately $36,000.

Analyst Ratings Changes

Several brokerages have recently weighed in on ECG. Zacks Research raised Everus Construction Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. Stifel Nicolaus lifted their target price on Everus Construction Group from $71.00 to $83.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Oppenheimer boosted their price objective on shares of Everus Construction Group from $66.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. DA Davidson lifted their price target on shares of Everus Construction Group from $68.00 to $88.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. Finally, Wall Street Zen upgraded Everus Construction Group from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Everus Construction Group has a consensus rating of "Moderate Buy" and an average price target of $80.33.

Everus Construction Group Price Performance

Shares of ECG stock traded up $2.65 during trading hours on Tuesday, hitting $78.26. The company had a trading volume of 528,203 shares, compared to its average volume of 657,640. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.69 and a current ratio of 1.77. The firm has a market capitalization of $3.99 billion and a price-to-earnings ratio of 23.34. 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 moving average is $69.42 and its 200 day moving average is $54.39.

Everus Construction Group (NYSE:ECG - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.42. The firm had revenue of $921.47 million for the quarter, compared to analyst estimates of $749.12 million. Everus Construction Group had a net margin of 5.07% and a return on equity of 35.83%. The business's quarterly revenue was up 31.0% on a year-over-year basis. Everus Construction Group has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Everus Construction Group, Inc. will post 2.49 EPS 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.