10,911 Shares in Everus Construction Group, Inc. (NYSE:ECG) Bought by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors has taken a new position in Everus Construction Group, acquiring 10,911 shares valued at approximately $405,000.
• Everus Construction Group reported a net margin of 4.98% and a year-over-year revenue increase of 32.1%, with earnings per share of $0.72 exceeding estimates.
• Analysts have mixed ratings on Everus Construction Group, with three hold ratings and two buy ratings, and an average price target of $73.67.

Arkadios Wealth Advisors acquired a new position in Everus Construction Group, Inc. (NYSE:ECG - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,911 shares of the company's stock, valued at approximately $405,000.

Several other institutional investors have also recently made changes to their positions in ECG. Quarry LP bought a new position in Everus Construction Group during the fourth quarter valued at approximately $36,000. Tompkins Financial Corp bought a new stake in Everus Construction Group in the first quarter worth $25,000. GAMMA Investing LLC raised 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 purchasing an additional 538 shares in the last quarter. Colonial Trust Co SC purchased a new stake in Everus Construction Group during the fourth quarter valued at $50,000. Finally, Concord Wealth Partners purchased a new position in shares of Everus Construction Group in the 1st quarter worth $31,000.

Everus Construction Group Price Performance

NYSE:ECG traded down $0.18 during midday trading on Friday, reaching $71.35. 339,305 shares of the stock traded hands, compared to its average volume of 501,594. The company has a current ratio of 1.78, a quick ratio of 1.69 and a debt-to-equity ratio of 0.60. Everus Construction Group, Inc. has a 12-month low of $31.38 and a 12-month high of $77.93. The business has a 50-day moving average of $65.65 and a two-hundred day moving average of $54.06.

Everus Construction Group (NYSE:ECG - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.29. Everus Construction Group had a return on equity of 33.27% and a net margin of 4.98%. The company had revenue of $826.63 million during the quarter, compared to analysts' expectations of $676.35 million. The firm's revenue for the quarter was up 32.1% on a year-over-year basis. Equities research analysts forecast that Everus Construction Group, Inc. will post 2.49 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Oppenheimer increased their price target on shares of Everus Construction Group from $66.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Wall Street Zen downgraded Everus Construction Group from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Stifel Nicolaus raised their price target 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. Finally, DA Davidson boosted their price objective on shares of Everus Construction Group from $58.00 to $68.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $73.67.

Everus Construction Group 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.