B. Metzler seel. Sohn & Co. AG Invests $1.76 Million in Everus Construction Group, Inc. $ECG

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 10,631 shares of Everus Construction Group worth approximately $1.76 million in the second quarter. Other major investors, including Royal Bank of Canada, Goldman Sachs and Jane Street, also increased their positions.
• Everus reported quarterly EPS of $1.64, beating estimates of $1.14, while revenue rose 33.7% year over year to $1.23 billion. The stock opened at $125.91, compared with a 52-week range of $73.00 to $171.58.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $169.50. Recent targets range from $152 to $200, while insider activity included a director purchase and a vice president sale.

B. Metzler seel. Sohn & Co. AG acquired a new position in Everus Construction Group, Inc. (NYSE:ECG - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,631 shares of the company's stock, valued at approximately $1,764,000.

Several other large investors have also recently added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in shares of Everus Construction Group by 155.0% during the first quarter. Royal Bank of Canada now owns 48,839 shares of the company's stock valued at $1,811,000 after purchasing an additional 29,689 shares during the period. Millennium Management LLC boosted its holdings in shares of Everus Construction Group by 42.7% in the first quarter. Millennium Management LLC now owns 244,421 shares of the company's stock valued at $9,066,000 after acquiring an additional 73,128 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Everus Construction Group by 74.4% in the first quarter. Goldman Sachs Group Inc. now owns 178,790 shares of the company's stock valued at $6,631,000 after acquiring an additional 76,252 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Everus Construction Group by 33.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 140,397 shares of the company's stock valued at $5,207,000 after acquiring an additional 34,868 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Everus Construction Group by 184.4% during the first quarter. Jane Street Group LLC now owns 71,323 shares of the company's stock valued at $2,645,000 after acquiring an additional 46,247 shares during the period.

Insider Activity

In other news, Director David M. Sparby purchased 1,000 shares of Everus Construction Group stock in a transaction that occurred on Monday, August 17th. The stock was acquired at an average price of $144.95 per share, for a total transaction of $144,950.00. Following the transaction, the director owned 19,658 shares in the company, valued at $2,849,427.10. The trade was a 5.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Paul R. Sanderson sold 3,300 shares of the company's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $136.69, for a total transaction of $451,077.00. Following the completion of the sale, the vice president owned 18,950 shares of the company's stock, valued at approximately $2,590,275.50. This trade represents a 14.83% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.33% of the company's stock.

Everus Construction Group Price Performance

Shares of NYSE:ECG opened at $125.91 on Monday. The company has a market capitalization of $6.43 billion, a PE ratio of 25.33 and a beta of 2.37. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.53 and a current ratio of 1.59. The stock has a fifty day moving average of $139.89 and a 200-day moving average of $132.63. Everus Construction Group, Inc. has a one year low of $73.00 and a one year high of $171.58.

Everus Construction Group (NYSE:ECG - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.50. The business had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.08 billion. Everus Construction Group had a return on equity of 38.22% and a net margin of 5.96%.The company's quarterly revenue was up 33.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 EPS. As a group, equities analysts anticipate that Everus Construction Group, Inc. will post 5.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Guggenheim lifted their price target on Everus Construction Group from $160.00 to $184.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Everus Construction Group in a research note on Tuesday, August 4th. Cantor Fitzgerald lowered their target price on Everus Construction Group from $174.00 to $152.00 and set a "neutral" rating on the stock in a report on Thursday, August 13th. DA Davidson started coverage on shares of Everus Construction Group in a research report on Friday. They issued a "buy" rating and a $168.00 price target on the stock. Finally, Oppenheimer reissued an "outperform" rating and issued a $200.00 price target on shares of Everus Construction Group in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $169.50.

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. Everus Construction Group is based in BISMARCK, N.D.

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