Everus Construction Group, Inc. $ECG Stake Reduced by SG Americas Securities LLC

Key Points

• SG Americas Securities LLC cut its stake in Everus Construction Group by 76.2% in Q4, selling 10,059 shares and leaving 3,139 shares valued at about $269,000.
• Everus reported a strong quarter — EPS $1.08 vs. $0.72 estimate and revenue of $1.01 billion (up 33% YoY) — but the stock was trading down ~5.3%, opening at $128.54 (52‑week high $137.64).
• Analysts are mixed but the consensus rating is a Moderate Buy with an average price target of $114.25, ranging from Strong Buy to Hold.

SG Americas Securities LLC reduced its stake in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 76.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,139 shares of the company's stock after selling 10,059 shares during the quarter. SG Americas Securities LLC's holdings in Everus Construction Group were worth $269,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bessemer Group Inc. grew its stake in shares of Everus Construction Group by 68.2% in the third quarter. Bessemer Group Inc. now owns 338 shares of the company's stock worth $29,000 after purchasing an additional 137 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Everus Construction Group by 105.3% in the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company's stock worth $25,000 after purchasing an additional 198 shares in the last quarter. Salomon & Ludwin LLC bought a new position in shares of Everus Construction Group in the third quarter worth $33,000. Quent Capital LLC bought a new position in shares of Everus Construction Group in the third quarter worth $53,000. Finally, Blue Trust Inc. grew its stake in shares of Everus Construction Group by 55.5% in the third quarter. Blue Trust Inc. now owns 776 shares of the company's stock worth $67,000 after purchasing an additional 277 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ECG shares. Cantor Fitzgerald started coverage on Everus Construction Group in a research note on Friday, January 23rd. They issued a "neutral" rating and a $97.00 price target for the company. Wall Street Zen lowered Everus Construction Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 7th. Zacks Research upgraded Everus Construction Group from a "hold" rating to a "strong-buy" rating in a report on Friday, February 27th. DA Davidson restated a "neutral" rating and issued a $102.00 price objective on shares of Everus Construction Group in a report on Wednesday, February 25th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Everus Construction Group in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Everus Construction Group currently has an average rating of "Moderate Buy" and a consensus price target of $114.25.

Everus Construction Group Trading Down 5.3%

Shares of Everus Construction Group stock opened at $128.54 on Thursday. The company has a quick ratio of 1.70, a current ratio of 1.76 and a debt-to-equity ratio of 0.42. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 32.62 and a beta of 2.88. The business has a fifty day simple moving average of $114.98 and a 200-day simple moving average of $98.39. Everus Construction Group, Inc. has a fifty-two week low of $35.19 and a fifty-two week high of $137.64.

Everus Construction Group (NYSE:ECG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.36. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $879.57 million. Everus Construction Group had a return on equity of 37.06% and a net margin of 5.39%.The company's revenue was up 33.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 earnings per share. On average, equities analysts forecast that Everus Construction Group, Inc. will post 2.49 EPS for the current fiscal year.

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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