Cascade Investment Group Inc. Makes New $318,000 Investment in Everus Construction Group, Inc. $ECG

Key Points

• Cascade Investment Group Inc. has acquired a new position in Everus Construction Group, purchasing 5,000 shares valued at approximately $318,000 in the second quarter.
• Everus Construction Group reported excellent financial results, with $1.03 earnings per share for the quarter, significantly exceeding the consensus estimate of $0.61, along with a 31.0% increase in revenue year-over-year.
• Wall Street analysts have mixed ratings for Everus Construction Group, with target prices ranging from $88.00 to $94.00, reflecting a consensus price target of around $90.67.

Cascade Investment Group Inc. acquired a new position in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,000 shares of the company's stock, valued at approximately $318,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Brady Martz Wealth Solutions LLC boosted its stake in Everus Construction Group by 2.3% during the second quarter. Brady Martz Wealth Solutions LLC now owns 6,855 shares of the company's stock worth $435,000 after buying an additional 154 shares during the period. Signaturefd LLC lifted its position in shares of Everus Construction Group by 91.6% during the second quarter. Signaturefd LLC now owns 435 shares of the company's stock worth $28,000 after purchasing an additional 208 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Everus Construction Group by 30.1% during the second quarter. GAMMA Investing LLC now owns 937 shares of the company's stock worth $60,000 after purchasing an additional 217 shares during the last quarter. Comerica Bank lifted its position in shares of Everus Construction Group by 1.3% during the first quarter. Comerica Bank now owns 27,582 shares of the company's stock worth $1,023,000 after purchasing an additional 348 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its position in shares of Everus Construction Group by 2.3% during the first quarter. Moors & Cabot Inc. now owns 17,477 shares of the company's stock worth $648,000 after purchasing an additional 387 shares during the last quarter.

Everus Construction Group Stock Performance

ECG stock opened at $87.75 on Friday. 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 business has a 50-day moving average price of $78.08 and a 200 day moving average price of $62.32. The company has a market capitalization of $4.48 billion and a P/E ratio of 27.08. 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 released its quarterly earnings data on Tuesday, August 12th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate 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%.Everus Construction Group's revenue was up 31.0% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Everus Construction Group, Inc. will post 2.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ECG has been the subject of several research analyst reports. Stifel Nicolaus lifted their target price on Everus Construction Group from $88.00 to $94.00 and gave the stock a "buy" rating in a research report on Thursday. Weiss Ratings reiterated a "hold (c)" rating on shares of Everus Construction Group in a research report on Wednesday. Oppenheimer set a $90.00 target price on Everus Construction Group and gave the stock an "outperform" rating in a research report on Tuesday. Zacks Research upgraded Everus Construction Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 14th. Finally, Wall Street Zen downgraded Everus Construction Group from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $90.67.

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.

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