D.A. Davidson & CO. Trims Holdings in Everus Construction Group, Inc. (NYSE:ECG)

D.A. Davidson & CO. lowered its holdings in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 51.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,212 shares of the company's stock after selling 9,667 shares during the quarter. D.A. Davidson & CO.'s holdings in Everus Construction Group were worth $342,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new position in shares of Everus Construction Group during the fourth quarter valued at approximately $84,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Everus Construction Group in the fourth quarter valued at approximately $27,031,000. Victory Capital Management Inc. purchased a new position in shares of Everus Construction Group in the fourth quarter valued at approximately $797,000. PNC Financial Services Group Inc. purchased a new position in shares of Everus Construction Group in the fourth quarter valued at approximately $454,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Everus Construction Group in the fourth quarter valued at approximately $921,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ECG shares. DA Davidson raised their target price on Everus Construction Group from $58.00 to $68.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. Stifel Nicolaus raised their target price on Everus Construction Group from $71.00 to $83.00 and gave the company a "buy" rating in a research report on Friday.

Everus Construction Group Stock Up 2.5%

Everus Construction Group stock traded up $1.66 during trading on Friday, reaching $69.00. 294,707 shares of the company were exchanged, compared to its average volume of 667,279. Everus Construction Group, Inc. has a 52-week low of $31.38 and a 52-week high of $77.93. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.69 and a current ratio of 1.78. The stock's 50 day simple moving average is $59.21 and its two-hundred day simple moving average is $53.73.

Everus Construction Group (NYSE:ECG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.29. Everus Construction Group had a return on equity of 33.27% and a net margin of 4.98%. The firm had revenue of $826.63 million for the quarter, compared to the consensus estimate of $676.35 million. The business's revenue was up 32.1% on a year-over-year basis. As a group, research analysts anticipate that Everus Construction Group, Inc. will post 2.49 earnings per share for the current fiscal year.

Everus Construction Group 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.