Everus Construction Group, Inc. $ECG Shares Purchased by AQR Capital Management LLC

Key Points

• AQR Capital Management has increased its stake in Everus Construction Group by 90.4%, now owning 161,891 shares valued at approximately $5.8 million.
• Everus Construction Group reported earnings of $1.03 per share, significantly exceeding analysts' expectations of $0.61, with revenue of $921.47 million—up 31.0% from the previous year.
• Several analysts have upgraded Everus's stock rating recently, with a consensus rating of "Moderate Buy" and an average target price of $82.00.

AQR Capital Management LLC lifted its stake in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 90.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 161,891 shares of the company's stock after acquiring an additional 76,857 shares during the quarter. AQR Capital Management LLC owned about 0.32% of Everus Construction Group worth $5,783,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ECG. Tompkins Financial Corp acquired a new position in shares of Everus Construction Group during the first quarter valued at approximately $25,000. GAMMA Investing LLC increased its stake in shares of Everus Construction Group by 295.6% during the first quarter. GAMMA Investing LLC now owns 720 shares of the company's stock valued at $27,000 after acquiring an additional 538 shares during the period. Concord Wealth Partners acquired a new position in shares of Everus Construction Group during the first quarter valued at approximately $31,000. Bangor Savings Bank acquired a new position in shares of Everus Construction Group during the first quarter valued at approximately $36,000. Finally, Garde Capital Inc. acquired a new position in shares of Everus Construction Group during the first quarter valued at approximately $38,000.

Everus Construction Group Trading Down 0.7%

Shares of NYSE:ECG opened at $78.66 on Friday. The stock has a market capitalization of $4.01 billion and a price-to-earnings ratio of 24.28. Everus Construction Group, Inc. has a 1-year low of $31.38 and a 1-year high of $90.00. 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 company has a 50 day moving average price of $73.32 and a 200 day moving average price of $56.76.

Everus Construction Group (NYSE:ECG - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.42. The firm had revenue of $921.47 million during the quarter, compared to analysts' expectations of $749.12 million. Everus Construction Group had a net margin of 5.07% and a return on equity of 35.83%. The firm's revenue 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 anticipate that Everus Construction Group, Inc. will post 2.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on ECG shares. Wall Street Zen upgraded shares of Everus Construction Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 6th. Oppenheimer raised their price objective 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. Zacks Research upgraded shares of Everus Construction Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. Stifel Nicolaus raised 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 note on Thursday. Finally, DA Davidson raised their target price on shares of Everus Construction Group from $68.00 to $88.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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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