Everus Construction Group, Inc. $ECG Holdings Decreased by Kingdon Capital Management L.L.C.

Key Points

• Kingdon Capital Management L.L.C. has reduced its stake in Everus Construction Group, Inc. by 3.8%, selling 10,000 shares during the first quarter, now holding approximately 0.49% of the company valued at $9.27 million.
• Equity analysts have increased their price targets for Everus Construction Group, with DA Davidson setting a new target of $88.00 and Zacks Research upgrading their rating to "strong buy."
• Everus Construction Group reported a strong quarterly earnings performance, with $1.03 earnings per share, significantly exceeding expectations and reflecting a 31.0% rise in revenue year-over-year.

Kingdon Capital Management L.L.C. decreased its holdings in Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 3.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 250,000 shares of the company's stock after selling 10,000 shares during the quarter. Everus Construction Group comprises approximately 1.0% of Kingdon Capital Management L.L.C.'s portfolio, making the stock its 27th biggest holding. Kingdon Capital Management L.L.C. owned about 0.49% of Everus Construction Group worth $9,272,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ECG. Aperture Investors LLC acquired a new stake in Everus Construction Group in the first quarter valued at $1,346,000. State of Wyoming acquired a new stake in Everus Construction Group in the first quarter valued at $131,000. Rudius Management LP acquired a new stake in Everus Construction Group in the first quarter valued at $7,520,000. Comerica Bank boosted its stake in shares of Everus Construction Group by 1.3% during the first quarter. Comerica Bank now owns 27,582 shares of the company's stock valued at $1,023,000 after acquiring an additional 348 shares during the last quarter. Finally, Bragg Financial Advisors Inc boosted its stake in shares of Everus Construction Group by 1.9% during the first quarter. Bragg Financial Advisors Inc now owns 149,361 shares of the company's stock valued at $5,540,000 after acquiring an additional 2,790 shares during the last quarter.

Everus Construction Group Stock Down 1.1%

Shares of NYSE:ECG traded down $0.82 during midday trading on Wednesday, reaching $75.42. The company had a trading volume of 240,880 shares, compared to its average volume of 639,209. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 1.69. The stock's fifty day moving average price is $71.21 and its 200-day moving average price is $55.07. The stock has a market capitalization of $3.85 billion and a P/E ratio of 23.28. Everus Construction Group, Inc. has a one year low of $31.38 and a one year high of $90.00.

Everus Construction Group (NYSE:ECG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $749.12 million. The company's revenue for the quarter was up 31.0% on a year-over-year basis. Everus Construction Group has set its FY 2025 guidance at EPS. Equities research analysts expect that Everus Construction Group, Inc. will post 2.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ECG has been the topic of a number of analyst reports. Stifel Nicolaus increased their price objective on Everus Construction Group from $71.00 to $83.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Zacks Research raised Everus Construction Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. Wall Street Zen raised Everus Construction Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Oppenheimer raised their price target on Everus Construction Group from $66.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Finally, DA Davidson raised their price target on Everus Construction Group from $68.00 to $88.00 and gave the stock a "neutral" rating in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $80.33.

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.