AYAL Capital Advisors Ltd Reduces Stock Position in Everus Construction Group, Inc. $ECG

Key Points

• AYAL Capital Advisors Ltd reduced its stake in Everus Construction Group by 42.5%, leaving it with 62,684 shares worth approximately $2,325,000.
• Everus Construction Group reported earnings of $1.03 per share for the last quarter, exceeding analyst estimates of $0.61, and showed a 31% increase in revenue compared to the previous year.
• Analysts have raised their target prices for Everus Construction Group, with forecasts suggesting a consensus price target of $80.33 and an average rating of "Moderate Buy."

AYAL Capital Advisors Ltd lowered its holdings in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 42.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,684 shares of the company's stock after selling 46,319 shares during the quarter. Everus Construction Group accounts for 0.8% of AYAL Capital Advisors Ltd's portfolio, making the stock its 29th biggest holding. AYAL Capital Advisors Ltd owned about 0.12% of Everus Construction Group worth $2,325,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Tompkins Financial Corp purchased a new position in Everus Construction Group during the 1st quarter valued at $25,000. GAMMA Investing LLC boosted its holdings in Everus Construction Group by 295.6% during the 1st quarter. GAMMA Investing LLC now owns 720 shares of the company's stock valued at $27,000 after acquiring an additional 538 shares during the period. Colonial Trust Co SC purchased a new position in Everus Construction Group during the 4th quarter valued at $50,000. Concord Wealth Partners purchased a new position in Everus Construction Group during the 1st quarter valued at $31,000. Finally, CoreCap Advisors LLC purchased a new position in Everus Construction Group during the 4th quarter valued at $58,000.

Everus Construction Group Stock Down 3.9%

Shares of ECG traded down $3.04 during trading hours on Friday, hitting $74.35. The company had a trading volume of 593,142 shares, compared to its average volume of 628,221. The company has a market capitalization of $3.79 billion and a PE ratio of 22.95. The company has a current ratio of 1.77, a quick ratio of 1.69 and a debt-to-equity ratio of 0.53. Everus Construction Group, Inc. has a one year low of $31.38 and a one year high of $90.00. The company's fifty day moving average price is $72.00 and its two-hundred day moving average price is $55.66.

Everus Construction Group (NYSE:ECG - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $921.47 million for the quarter, compared to analyst estimates of $749.12 million. The firm'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. As a group, equities analysts forecast that Everus Construction Group, Inc. will post 2.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.