Everus Construction Group, Inc. (NYSE:ECG) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 14,573.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,705 shares of the company's stock after buying an additional 26,523 shares during the quarter. GAMMA Investing LLC owned about 0.05% of Everus Construction Group worth $990,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ECG. Principal Financial Group Inc. acquired a new stake in shares of Everus Construction Group in the 4th quarter valued at approximately $16,241,000. Deutsche Bank AG acquired a new stake in Everus Construction Group in the fourth quarter valued at $1,192,000. Principal Securities Inc. purchased a new stake in shares of Everus Construction Group during the 4th quarter worth $27,000. Truist Financial Corp acquired a new position in shares of Everus Construction Group during the 4th quarter worth $421,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of Everus Construction Group during the 4th quarter worth $84,000.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ECG. DA Davidson increased their target price on shares of Everus Construction Group from $58.00 to $68.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. Stifel Nicolaus lifted their price target on Everus Construction Group from $55.00 to $71.00 and gave the stock a "buy" rating in a research note on Friday, May 16th.

Everus Construction Group Trading Down 1.8%

Shares of NYSE:ECG traded down $1.06 during trading on Friday, reaching $58.73. The stock had a trading volume of 158,385 shares, compared to its average volume of 693,084. 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 business has a fifty day moving average price of $51.42 and a 200-day moving average price of $54.17. Everus Construction Group, Inc. has a fifty-two week low of $31.38 and a fifty-two week high of $77.93.

Everus Construction Group (NYSE:ECG - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.43 by $0.29. Everus Construction Group had a net margin of 4.98% and a return on equity of 33.27%. The firm had revenue of $826.63 million during the quarter, compared to analysts' expectations of $676.35 million. Everus Construction Group's revenue was up 32.1% compared to the same quarter last year. As a group, analysts predict 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.