Angeles Investment Advisors LLC Takes $2.40 Million Position in Everus Construction Group, Inc. $ECG

Key Points

• Angeles Investment Advisors LLC acquired a stake of 64,581 shares in Everus Construction Group, valued at approximately $2,395,000, marking it as the firm's 20th largest position.
• Everus Construction Group reported strong quarterly earnings, with EPS of $1.03 surpassing estimates by $0.42, and a revenue of $921.47 million, a 31.0% year-over-year increase.
• Analysts have shown confidence in Everus Construction Group, with several firms raising their price targets, leading to an average consensus target of $80.33 and a rating of "Moderate Buy."

Angeles Investment Advisors LLC acquired a new stake in Everus Construction Group, Inc. (NYSE:ECG - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 64,581 shares of the company's stock, valued at approximately $2,395,000. Everus Construction Group comprises about 0.1% of Angeles Investment Advisors LLC's portfolio, making the stock its 20th biggest position. Angeles Investment Advisors LLC owned about 0.13% of Everus Construction Group as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Westwood Holdings Group Inc. bought a new stake in Everus Construction Group in the first quarter valued at $75,089,000. Invesco Ltd. lifted its stake in shares of Everus Construction Group by 7.8% in the 1st quarter. Invesco Ltd. now owns 1,071,118 shares of the company's stock valued at $39,728,000 after purchasing an additional 77,396 shares during the last quarter. Naya Capital Management UK Ltd. acquired a new stake in shares of Everus Construction Group in the 4th quarter valued at about $48,619,000. Frontier Capital Management Co. LLC purchased a new position in Everus Construction Group in the 4th quarter valued at approximately $34,797,000. Finally, Northern Trust Corp acquired a new position in Everus Construction Group in the fourth quarter valued at $30,076,000.

Analysts Set New Price Targets

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

Everus Construction Group Trading Up 1.3%

Shares of NYSE ECG traded up $0.99 during mid-day trading on Monday, reaching $75.16. The company had a trading volume of 103,441 shares, compared to its average volume of 634,355. Everus Construction Group, Inc. has a 52 week low of $31.38 and a 52 week high of $90.00. The stock has a market cap of $3.83 billion and a price-to-earnings ratio of 23.20. The company has a current ratio of 1.77, a quick ratio of 1.69 and a debt-to-equity ratio of 0.53. The business's 50-day moving average is $72.00 and its 200-day moving average is $55.73.

Everus Construction Group (NYSE:ECG - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.42. The firm had revenue of $921.47 million for the quarter, compared to analysts' expectations of $749.12 million. Everus Construction Group had a net margin of 5.07% and a return on equity of 35.83%. The company's quarterly revenue was up 31.0% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. Equities analysts expect that Everus Construction Group, Inc. will post 2.49 earnings per share for the current 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.