Everus Construction Group, Inc. $ECG Position Cut by Register Financial Advisors LLC

Key Points

• Register Financial Advisors LLC reduced its stake in Everus Construction Group, Inc. by 15.2%, now holding approximately $3.41 million worth of shares, which constitutes 1.5% of their portfolio.
• Analysts have generally positive outlooks for Everus Construction Group, with Zacks upgrading it to a "strong-buy" rating and several firms increasing their price targets, ranging up to $88.00.
• Everus Construction Group reported a significant increase in quarterly revenue of 31.0% year-over-year, achieving $921.47 million and surpassing analysts' expectations.

Register Financial Advisors LLC reduced its holdings in Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 15.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,680 shares of the company's stock after selling 9,634 shares during the quarter. Everus Construction Group accounts for 1.5% of Register Financial Advisors LLC's portfolio, making the stock its 13th largest position. Register Financial Advisors LLC owned about 0.11% of Everus Construction Group worth $3,410,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ECG. Brady Martz Wealth Solutions LLC grew its stake in shares of Everus Construction Group by 2.3% in the second quarter. Brady Martz Wealth Solutions LLC now owns 6,855 shares of the company's stock worth $435,000 after purchasing an additional 154 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in Everus Construction Group by 21.4% in the second quarter. AdvisorNet Financial Inc now owns 6,965 shares of the company's stock worth $442,000 after purchasing an additional 1,230 shares during the period. GAMMA Investing LLC grew its position in Everus Construction Group by 30.1% in the 2nd quarter. GAMMA Investing LLC now owns 937 shares of the company's stock valued at $60,000 after buying an additional 217 shares in the last quarter. First PREMIER Bank grew its position in Everus Construction Group by 16.6% in the 2nd quarter. First PREMIER Bank now owns 7,040 shares of the company's stock valued at $447,000 after buying an additional 1,000 shares in the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new position in Everus Construction Group during the 2nd quarter valued at about $259,000.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. 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. Stifel Nicolaus upped their target price on Everus Construction Group from $83.00 to $88.00 and gave the stock a "buy" rating in a research report on Thursday, September 11th. Oppenheimer increased their price target 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. Wall Street Zen cut Everus Construction Group from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 14th. Finally, DA Davidson upped their price objective on Everus Construction Group from $68.00 to $88.00 and gave the company a "neutral" rating in a 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 assigned a Hold rating to the stock. According to MarketBeat, Everus Construction Group presently has an average rating of "Moderate Buy" and a consensus target price of $82.00.

Everus Construction Group Trading Down 0.7%

Everus Construction Group stock opened at $79.26 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.69 and a current ratio of 1.77. The firm has a market cap of $4.04 billion and a price-to-earnings ratio of 24.46. Everus Construction Group, Inc. has a 1 year low of $31.38 and a 1 year high of $90.00. The firm's 50 day moving average price is $75.61 and its two-hundred day moving average price is $59.25.

Everus Construction Group (NYSE:ECG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $1.03 EPS for the quarter, beating analysts' consensus estimates 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%.The business's revenue for the quarter was up 31.0% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. On average, research analysts predict that Everus Construction Group, Inc. will post 2.49 EPS for the current fiscal year.

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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