Boston Partners Acquires Shares of 17,328 Everus Construction Group, Inc. $ECG

Boston Partners bought a new position in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,328 shares of the company's stock, valued at approximately $643,000.

Several other large investors also recently made changes to their positions in ECG. Tompkins Financial Corp bought a new stake in shares of Everus Construction Group during the first quarter worth $25,000. GAMMA Investing LLC grew its holdings in shares of Everus Construction Group by 295.6% during the first quarter. GAMMA Investing LLC now owns 720 shares of the company's stock worth $27,000 after purchasing an additional 538 shares during the last quarter. Concord Wealth Partners bought a new stake in shares of Everus Construction Group during the first quarter worth $31,000. Quarry LP bought a new stake in shares of Everus Construction Group during the fourth quarter worth $36,000. Finally, Bangor Savings Bank bought a new stake in shares of Everus Construction Group during the first quarter worth $36,000.

Everus Construction Group Stock Up 0.2%

ECG stock traded up $0.1410 during mid-day trading on Friday, reaching $75.9310. The company had a trading volume of 203,474 shares, compared to its average volume of 648,438. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 1.69. The stock has a 50 day simple moving average of $68.40 and a two-hundred day simple moving average of $54.34. The company has a market capitalization of $3.87 billion and a price-to-earnings ratio of 23.44. Everus Construction Group, Inc. has a 52 week low of $31.38 and a 52 week high of $90.00.

Everus Construction Group (NYSE:ECG - Get Free Report) last posted its quarterly earnings results 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 firm 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%.The firm's quarterly revenue was up 31.0% on a year-over-year basis. Everus Construction Group has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Everus Construction Group, Inc. will post 2.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ECG shares. Wall Street Zen upgraded Everus Construction Group from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. DA Davidson raised their price target on Everus Construction Group from $68.00 to $88.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. Zacks Research upgraded Everus Construction Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. Stifel Nicolaus increased their target price on Everus Construction Group from $71.00 to $83.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, Oppenheimer increased their target price on Everus Construction Group from $66.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.