Everus Construction Group, Inc. $ECG Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lessened its stake in Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 69.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,631 shares of the company's stock after selling 23,912 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Everus Construction Group were worth $1,764,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ECG. Fifth Third Bancorp raised its position in shares of Everus Construction Group by 9,475.7% in the 1st quarter. Fifth Third Bancorp now owns 32,653 shares of the company's stock valued at $3,855,000 after purchasing an additional 32,312 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Everus Construction Group by 109.9% during the 1st quarter. First Trust Advisors LP now owns 1,280,916 shares of the company's stock valued at $151,225,000 after buying an additional 670,646 shares during the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Everus Construction Group during the fourth quarter worth approximately $393,000. GSA Capital Partners LLP acquired a new stake in shares of Everus Construction Group during the fourth quarter worth approximately $924,000. Finally, Sierra Summit Advisors LLC bought a new stake in shares of Everus Construction Group in the fourth quarter worth $808,000.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Zacks Research upgraded shares of Everus Construction Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 25th. Freedom Capital raised shares of Everus Construction Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. DA Davidson assumed coverage on shares of Everus Construction Group in a research note on Friday, August 21st. They issued a "buy" rating and a $168.00 target price on the stock. Oppenheimer reaffirmed an "outperform" rating and set a $200.00 price target on shares of Everus Construction Group in a research report on Thursday, August 6th. Finally, Guggenheim lifted their price target on Everus Construction Group from $160.00 to $184.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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 (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.50. Everus Construction Group had a return on equity of 38.22% and a net margin of 5.96%.The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the business posted $1.03 EPS. The business's revenue was up 33.7% on a year-over-year basis. As a group, analysts anticipate that Everus Construction Group, Inc. will post 5.25 EPS for the current year.

Insider Activity

In other Everus Construction Group news, 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 acquisition, the director directly owned 19,658 shares of the company's stock, valued at $2,849,427.10. This represents a 5.36% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Paul R. Sanderson sold 3,300 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $136.69, for a total value of $451,077.00. Following the completion of the sale, the vice president owned 18,950 shares in the company, valued at approximately $2,590,275.50. This represents a 14.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.33% of the stock is currently owned by corporate 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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