Bluefin Capital Management LLC Takes $264,000 Position in Everus Construction Group, Inc. $ECG

Key Points

• Bluefin Capital Management LLC acquired 7,109 shares of Everus Construction Group, Inc. for approximately $264,000 in the first quarter, signaling growing institutional interest in the company.
• Analysts have increased their price targets for Everus Construction Group, with estimates ranging from $70.00 to $88.00, and the stock currently holds a consensus rating of "Moderate Buy."
• Everus Construction Group reported an EPS of $1.03, exceeding forecasts and achieving a 31.0% year-over-year revenue increase during the last quarter.

Bluefin Capital Management LLC purchased a new stake in Everus Construction Group, Inc. (NYSE:ECG - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,109 shares of the company's stock, valued at approximately $264,000.

Other large investors also recently modified their holdings of the company. Jane Street Group LLC boosted its position in shares of Everus Construction Group by 184.4% during the 1st quarter. Jane Street Group LLC now owns 71,323 shares of the company's stock worth $2,645,000 after acquiring an additional 46,247 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Everus Construction Group by 33.0% during the 1st 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 purchasing an additional 34,868 shares during the period. Goldman Sachs Group Inc. boosted its position in Everus Construction Group by 74.4% during 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 during the last quarter. Needham Investment Management LLC increased its stake in Everus Construction Group by 5.9% in the first quarter. Needham Investment Management LLC now owns 122,000 shares of the company's stock valued at $4,525,000 after purchasing an additional 6,750 shares in the last quarter. Finally, Nixon Capital LLC raised its position in shares of Everus Construction Group by 60.3% during the first quarter. Nixon Capital LLC now owns 313,236 shares of the company's stock worth $11,618,000 after purchasing an additional 117,825 shares during the period.

Analysts Set New Price Targets

ECG has been the subject of a number of research analyst reports. Zacks Research raised Everus Construction Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 14th. DA Davidson boosted their price objective on Everus Construction Group from $68.00 to $88.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Oppenheimer increased their price objective 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 price objective on Everus Construction Group from $83.00 to $88.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Wall Street Zen cut shares of Everus Construction Group from a "strong-buy" rating to a "buy" rating in a research report on Sunday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $82.00.

Everus Construction Group Trading Up 1.8%

Shares of NYSE:ECG traded up $1.43 during midday trading on Monday, hitting $80.10. 78,292 shares of the stock were exchanged, compared to its average volume of 627,018. The stock has a market capitalization of $4.09 billion and a price-to-earnings ratio of 24.72. The business's 50-day moving average price is $73.32 and its 200 day moving average price is $56.95. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.69 and a current ratio of 1.77. Everus Construction Group, Inc. has a 12 month low of $31.38 and a 12 month high of $90.00.

Everus Construction Group (NYSE:ECG - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.61 by $0.42. The company had revenue of $921.47 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. Everus Construction Group has set its FY 2025 guidance at EPS. Analysts predict 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.