CW Advisors LLC Makes New $588,000 Investment in Everus Construction Group, Inc. $ECG

Key Points

• CW Advisors LLC has acquired a new position in Everus Construction Group, purchasing 15,828 shares valued at approximately $588,000 during the first quarter.
• Everus Construction Group reported a significant earnings beat in its latest quarter, with earnings per share of $1.03, exceeding estimates by $0.42, and a revenue rise of 31.0% year-over-year.
• Analysts' consensus rating for Everus Construction Group is currently a "Moderate Buy" with a price target averaging $80.33 following several upgrades from various research firms.

CW Advisors LLC acquired a new stake in Everus Construction Group, Inc. (NYSE:ECG - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,828 shares of the company's stock, valued at approximately $588,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ECG. Tompkins Financial Corp acquired a new stake in shares of Everus Construction Group in the first quarter valued at about $25,000. GAMMA Investing LLC raised its position in 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 acquiring an additional 538 shares during the last quarter. Concord Wealth Partners acquired a new position in Everus Construction Group during the first quarter worth about $31,000. Quarry LP acquired a new position in Everus Construction Group during the fourth quarter worth about $36,000. Finally, Bangor Savings Bank acquired a new position in Everus Construction Group during the first quarter worth about $36,000.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ECG shares. DA Davidson lifted their target price on shares of Everus Construction Group from $68.00 to $88.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. Wall Street Zen upgraded shares of Everus Construction Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Stifel Nicolaus lifted their target price on shares of Everus Construction Group from $71.00 to $83.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Oppenheimer lifted their target price on shares of Everus Construction Group from $66.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Finally, Zacks Research upgraded shares of Everus Construction Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $80.33.

Everus Construction Group Trading Down 2.1%

Everus Construction Group stock traded down $1.68 during trading on Friday, reaching $78.63. The company had a trading volume of 537,943 shares, compared to its average volume of 649,505. Everus Construction Group, Inc. has a 12-month low of $31.38 and a 12-month high of $90.00. The stock's 50 day moving average price is $70.56 and its two-hundred day moving average price is $54.68. The firm has a market capitalization of $4.01 billion and a price-to-earnings ratio of 24.27. 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 (NYSE:ECG - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.42. Everus Construction Group had a net margin of 5.07% and a return on equity of 35.83%. The firm had revenue of $921.47 million during the quarter, compared to the consensus estimate of $749.12 million. Everus Construction Group's 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 expect that Everus Construction Group, Inc. will post 2.49 earnings per share for the current fiscal 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.