Asset Management One Co. Ltd. increased its holdings in Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 52.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 70,905 shares of the company's stock after buying an additional 24,263 shares during the period. Asset Management One Co. Ltd. owned about 0.14% of Everus Construction Group worth $2,630,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. bought a new position in Everus Construction Group in the 4th quarter worth approximately $365,965,000. Dimensional Fund Advisors LP acquired a new position in Everus Construction Group during the 4th quarter worth $120,578,000. Invesco Ltd. acquired a new position in Everus Construction Group during the 4th quarter worth $65,337,000. Alliancebernstein L.P. bought a new position in shares of Everus Construction Group in the fourth quarter worth $53,131,000. Finally, American Century Companies Inc. acquired a new position in shares of Everus Construction Group during the fourth quarter valued at $49,650,000.
Analysts Set New Price Targets
ECG has been the topic of several research analyst reports. Stifel Nicolaus raised their target price on shares of Everus Construction Group from $55.00 to $71.00 and gave the company a "buy" rating in a research note on Friday, May 16th. DA Davidson raised their price objective on shares of Everus Construction Group from $58.00 to $68.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th.
Read Our Latest Stock Report on ECG
Everus Construction Group Trading Up 1.7%
Shares of Everus Construction Group stock traded up $1.11 during trading on Thursday, hitting $65.16. The stock had a trading volume of 155,084 shares, compared to its average volume of 663,720. The business has a fifty day moving average of $55.77 and a two-hundred day moving average of $53.84. Everus Construction Group, Inc. has a fifty-two week low of $31.38 and a fifty-two week high of $77.93. The company has a current ratio of 1.78, a quick ratio of 1.69 and a debt-to-equity ratio of 0.60.
Everus Construction Group (NYSE:ECG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.29. The company had revenue of $826.63 million during the quarter, compared to the consensus estimate of $676.35 million. Everus Construction Group had a net margin of 4.98% and a return on equity of 33.27%. Everus Construction Group's revenue was up 32.1% compared to the same quarter last year. As a group, analysts anticipate that Everus Construction Group, Inc. will post 2.49 EPS for the current fiscal year.
Everus Construction Group Company Profile
(
Free Report)
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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