Apollon Wealth Management LLC Takes $283,000 Position in Everus Construction Group, Inc. $ECG

Key Points

• Apollon Wealth Management LLC has acquired a new position in Everus Construction Group, Inc. ($ECG), purchasing 4,458 shares valued at approximately $283,000 in the 2nd quarter.
• Analysts have recently upgraded Everus Construction Group's target price, with Stifel Nicolaus raising it from $88.00 to $94.00 and Zacks upgrading the stock from a "hold" to a "strong-buy" rating.
• Everus Construction Group reported a significant increase in revenue for the last quarter, with $921.47 million, surpassing estimates and representing a 31.0% year-over-year growth.

Apollon Wealth Management LLC purchased a new position in Everus Construction Group, Inc. (NYSE:ECG - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,458 shares of the company's stock, valued at approximately $283,000.

Other hedge funds also recently bought and sold shares of the company. Westwood Holdings Group Inc. bought a new stake in shares of Everus Construction Group in the 1st quarter worth $75,089,000. Alliancebernstein L.P. raised its holdings in Everus Construction Group by 58.2% in the 1st quarter. Alliancebernstein L.P. now owns 1,278,096 shares of the company's stock worth $47,405,000 after purchasing an additional 470,025 shares during the period. 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Everus Construction Group by 7.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 442,074 shares of the company's stock valued at $16,397,000 after buying an additional 30,961 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Everus Construction Group by 60.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 416,192 shares of the company's stock worth $15,437,000 after purchasing an additional 156,966 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Everus Construction Group from $88.00 to $94.00 and gave the stock a "buy" rating in a report on Thursday, October 9th. Zacks Research upgraded Everus Construction Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 14th. Wall Street Zen downgraded shares of Everus Construction Group from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 14th. Weiss Ratings reissued a "hold (c)" rating on shares of Everus Construction Group in a research report on Wednesday, October 8th. Finally, DA Davidson boosted their price target on shares of Everus Construction Group from $68.00 to $88.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $90.67.

Everus Construction Group Price Performance

Shares of ECG stock opened at $88.43 on Friday. The stock's 50-day simple moving average is $80.01 and its 200-day simple moving average is $64.61. 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 $4.51 billion and a price-to-earnings ratio of 27.29. Everus Construction Group, Inc. has a fifty-two week low of $31.38 and a fifty-two week high of $91.72.

Everus Construction Group (NYSE:ECG - Get Free Report) last released its 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. The firm had revenue of $921.47 million during the quarter, compared to the consensus estimate of $749.12 million. Everus Construction Group had a return on equity of 35.83% and a net margin of 5.07%.The company's revenue for the quarter was up 31.0% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Everus Construction Group, Inc. will post 2.49 earnings per share for the current fiscal 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.

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