Everus Construction Group, Inc. $ECG Shares Sold by AYAL Capital Advisors Ltd

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. Principal Financial Group Inc. lifted its holdings in shares of Everus Construction Group by 40.7% in the 1st quarter. Principal Financial Group Inc. now owns 347,556 shares of the company's stock worth $12,891,000 after buying an additional 100,551 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Everus Construction Group by 295.6% in the 1st quarter. GAMMA Investing LLC now owns 720 shares of the company's stock worth $27,000 after buying an additional 538 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Everus Construction Group in the 1st quarter worth $716,000. Arizona State Retirement System purchased a new stake in shares of Everus Construction Group in the 1st quarter worth $515,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Everus Construction Group by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 442,074 shares of the company's stock worth $16,397,000 after buying an additional 30,961 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ECG. Oppenheimer boosted their price target on Everus Construction Group from $66.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Wall Street Zen raised shares of Everus Construction Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Stifel Nicolaus boosted their price objective on shares of Everus Construction Group from $71.00 to $83.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. DA Davidson raised their target price on shares of Everus Construction Group from $68.00 to $88.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Finally, Zacks Research raised shares of Everus Construction Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. One 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 company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $80.33.

Everus Construction Group Stock Performance

Shares of ECG stock traded up $0.87 during mid-day trading on Monday, reaching $75.04. The stock had a trading volume of 109,051 shares, compared to its average volume of 634,408. The business's fifty day moving average is $72.00 and its 200-day moving average is $55.73. 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 $3.83 billion and a price-to-earnings ratio of 23.17. Everus Construction Group, Inc. has a 1-year low of $31.38 and a 1-year high of $90.00.

Everus Construction Group (NYSE:ECG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.42. The business had revenue of $921.47 million for the quarter, compared to analyst estimates of $749.12 million. Everus Construction Group had a return on equity of 35.83% and a net margin of 5.07%.Everus Construction Group'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. On average, research analysts forecast that Everus Construction Group, Inc. will post 2.49 earnings per share for the current year.

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.