Banque Pictet & Cie SA Makes New $289,000 Investment in Everus Construction Group, Inc. (NYSE:ECG)

Banque Pictet & Cie SA bought a new position in Everus Construction Group, Inc. (NYSE:ECG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 7,796 shares of the company's stock, valued at approximately $289,000.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. purchased a new position in Everus Construction Group in the 4th quarter worth about $365,965,000. Dimensional Fund Advisors LP purchased a new stake in shares of Everus Construction Group during the 4th quarter valued at about $120,578,000. Invesco Ltd. purchased a new stake in shares of Everus Construction Group during the 4th quarter valued at about $65,337,000. Alliancebernstein L.P. purchased a new stake in shares of Everus Construction Group during the 4th quarter valued at about $53,131,000. Finally, American Century Companies Inc. purchased a new stake in shares of Everus Construction Group during the 4th quarter valued at about $49,650,000.

Analysts Set New Price Targets

Several research firms have recently commented on ECG. DA Davidson upped their price target 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. Stifel Nicolaus upped their price target on shares of Everus Construction Group from $71.00 to $83.00 and gave the company a "buy" rating in a research report on Friday.

Everus Construction Group Stock Down 0.0%

Shares of NYSE:ECG traded down $0.03 during mid-day trading on Monday, reaching $68.78. 293,229 shares of the company traded hands, compared to its average volume of 665,104. The company's 50 day moving average price is $59.21 and its 200-day moving average price is $53.47. 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 52 week low of $31.38 and a 52 week high of $77.93.

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

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.