DMKC Advisory Services LLC Takes Position in Everus Construction Group, Inc. $ECG

Key Points

• DMKC Advisory Services LLC has taken a new position in Everus Construction Group, acquiring 4,516 shares worth approximately $313,000 in the second quarter.
• Everus Construction Group recently reported $1.03 EPS, surpassing the consensus estimate of $0.61, and achieved a 31.0% year-over-year revenue increase to $921.47 million.
• Analysts have varied ratings on Everus Construction Group, with target prices ranging from $70.00 to $88.00, and an average rating of "Moderate Buy".

DMKC Advisory Services LLC acquired a new position in Everus Construction Group, Inc. (NYSE:ECG - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,516 shares of the company's stock, valued at approximately $313,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. acquired a new stake in Everus Construction Group during the 1st quarter valued at $75,089,000. Alliancebernstein L.P. grew its holdings in shares of Everus Construction Group by 58.2% during the first quarter. Alliancebernstein L.P. now owns 1,278,096 shares of the company's stock valued at $47,405,000 after buying an additional 470,025 shares in the last quarter. Invesco Ltd. raised its position in Everus Construction Group by 7.8% during the first quarter. Invesco Ltd. now owns 1,071,118 shares of the company's stock valued at $39,728,000 after buying an additional 77,396 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Everus Construction Group by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 442,074 shares of the company's stock worth $16,397,000 after acquiring an additional 30,961 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Everus Construction Group by 60.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 416,192 shares of the company's stock worth $15,437,000 after acquiring an additional 156,966 shares in the last quarter.

Everus Construction Group Trading Down 3.4%

Shares of ECG stock opened at $82.81 on Thursday. Everus Construction Group, Inc. has a 12 month low of $31.38 and a 12 month high of $90.00. The company has a market cap of $4.22 billion and a PE ratio of 25.56. The company has a quick ratio of 1.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.53. The business's 50 day moving average is $76.85 and its two-hundred day moving average is $60.51.

Everus Construction Group (NYSE:ECG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $921.47 million during the quarter, compared to the consensus estimate of $749.12 million. 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. Equities analysts predict that Everus Construction Group, Inc. will post 2.49 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. DA Davidson lifted their target price on Everus Construction Group from $68.00 to $88.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Stifel Nicolaus boosted their price objective on shares of Everus Construction Group from $83.00 to $88.00 and gave the company a "buy" rating in a research report on Thursday, September 11th. Wall Street Zen downgraded shares of Everus Construction Group from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 14th. Oppenheimer lifted their target price on shares of Everus Construction Group from $66.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Finally, Zacks Research raised shares of Everus Construction Group from a "hold" rating to a "strong-buy" rating in a research note 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $82.00.

About Everus Construction Group

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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