Everus Construction Group, Inc. $ECG Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 27.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 148,046 shares of the company's stock after buying an additional 32,131 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.29% of Everus Construction Group worth $24,568,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ECG. Global Retirement Partners LLC acquired a new stake in shares of Everus Construction Group during the second quarter worth approximately $28,000. Root Financial Partners LLC raised its holdings in Everus Construction Group by 126.0% in the first quarter. Root Financial Partners LLC now owns 217 shares of the company's stock valued at $26,000 after acquiring an additional 121 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in Everus Construction Group in the second quarter valued at $36,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Everus Construction Group during the 2nd quarter valued at $58,000. Finally, Geneos Wealth Management Inc. boosted its stake in Everus Construction Group by 105.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company's stock valued at $25,000 after acquiring an additional 198 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Guggenheim boosted their target price on shares of Everus Construction Group from $160.00 to $184.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Cantor Fitzgerald lowered their price objective on Everus Construction Group from $174.00 to $152.00 and set a "neutral" rating for the company in a report on Thursday, August 13th. DA Davidson started coverage on Everus Construction Group in a research note on Friday, August 21st. They set a "buy" rating and a $168.00 price objective on the stock. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Everus Construction Group in a report on Tuesday, August 4th. Finally, Zacks Research upgraded Everus Construction Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $169.50.

Everus Construction Group Stock Performance

Shares of ECG stock opened at $117.29 on Friday. The company has a market cap of $5.99 billion, a P/E ratio of 23.60 and a beta of 2.28. The business has a 50 day moving average of $131.76 and a two-hundred day moving average of $133.79. Everus Construction Group, Inc. has a 52 week low of $73.00 and a 52 week high of $171.58. The company has a quick ratio of 1.53, a current ratio of 1.59 and a debt-to-equity ratio of 0.34.

Everus Construction Group (NYSE:ECG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.50. The business had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.08 billion. Everus Construction Group had a return on equity of 38.22% and a net margin of 5.96%.The business's quarterly revenue was up 33.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 EPS. As a group, analysts anticipate that Everus Construction Group, Inc. will post 5.25 EPS for the current year.

Insider Buying and Selling at Everus Construction Group

In other Everus Construction Group news, VP Paul R. Sanderson sold 3,300 shares of the business's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $136.69, for a total transaction of $451,077.00. Following the completion of the transaction, the vice president directly owned 18,950 shares of the company's stock, valued at $2,590,275.50. The trade was a 14.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David M. Sparby acquired 1,000 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The stock was acquired at an average cost of $144.95 per share, with a total value of $144,950.00. Following the completion of the acquisition, the director directly owned 19,658 shares in the company, valued at approximately $2,849,427.10. This represents a 5.36% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.33% of the stock is owned by company insiders.

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. Everus Construction Group is based in BISMARCK, N.D.

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