Aperture Investors LLC Takes Position in Everus Construction Group, Inc. $ECG

Key Points

• Aperture Investors LLC has invested approximately $1.35 million in Everus Construction Group, acquiring 36,297 shares and bringing its total ownership to 0.07%.
• Everus Construction Group has received positive ratings from several analysts, with targets raised by firms like DA Davidson and Zacks Research, now averaging around $80.33.
• For the recent fiscal quarter, Everus reported earnings of $1.03 per share, surpassing estimates and showing a revenue increase of 31.0% year-over-year.

Aperture Investors LLC bought a new position in Everus Construction Group, Inc. (NYSE:ECG - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 36,297 shares of the company's stock, valued at approximately $1,346,000. Aperture Investors LLC owned about 0.07% of Everus Construction Group at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Quarry LP bought a new stake in Everus Construction Group during the fourth quarter valued at $36,000. Tompkins Financial Corp bought a new stake in Everus Construction Group during the first quarter valued at $25,000. GAMMA Investing LLC boosted its stake in Everus Construction Group by 295.6% during the first quarter. GAMMA Investing LLC now owns 720 shares of the company's stock valued at $27,000 after buying an additional 538 shares during the period. Colonial Trust Co SC bought a new stake in shares of Everus Construction Group in the 4th quarter valued at about $50,000. Finally, Concord Wealth Partners bought a new stake in shares of Everus Construction Group in the 1st quarter valued at about $31,000.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ECG. Oppenheimer boosted their target price 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. Wall Street Zen raised Everus Construction Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. 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 boosted their target price 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. Finally, DA Davidson boosted their target price on Everus Construction Group from $68.00 to $88.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $80.33.

Everus Construction Group Stock Down 0.8%

Shares of ECG stock traded down $0.62 during midday trading on Wednesday, reaching $75.62. 92,859 shares of the stock were exchanged, compared to its average volume of 638,304. Everus Construction Group, Inc. has a 1 year low of $31.38 and a 1 year high of $90.00. The company's 50 day moving average is $71.21 and its two-hundred day moving average is $55.07. 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 firm has a market cap of $3.86 billion and a PE ratio of 23.34.

Everus Construction Group (NYSE:ECG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $1.03 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $921.47 million for the quarter, compared to analysts' expectations of $749.12 million. The firm'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, equities research analysts predict that Everus Construction Group, Inc. will post 2.49 EPS for the current year.

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.