60,843 Shares in Everus Construction Group, Inc. $ECG Bought by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. has invested approximately $2.26 million in Everus Construction Group, acquiring 60,843 shares, which represents about 0.12% of the company.
• Everus Construction Group reported $1.03 earnings per share, exceeding analysts' expectations of $0.61, alongside a revenue of $921.47 million for the last quarter.
• Analyst ratings for Everus Construction Group have improved, with upgrades from firms like Oppenheimer and Zacks, leading to a consensus rating of "Moderate Buy" and a price target of $80.33.

Graham Capital Management L.P. purchased a new stake in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 60,843 shares of the company's stock, valued at approximately $2,257,000. Graham Capital Management L.P. owned 0.12% of Everus Construction Group as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Westwood Holdings Group Inc. bought a new stake in shares of Everus Construction Group in the 1st quarter valued at about $75,089,000. Invesco Ltd. increased its stake in Everus Construction Group by 7.8% in the 1st quarter. Invesco Ltd. now owns 1,071,118 shares of the company's stock worth $39,728,000 after purchasing an additional 77,396 shares during the period. Naya Capital Management UK Ltd. bought a new stake in Everus Construction Group in the fourth quarter valued at approximately $48,619,000. Frontier Capital Management Co. LLC bought a new stake in Everus Construction Group in the fourth quarter valued at approximately $34,797,000. Finally, Northern Trust Corp purchased a new stake in shares of Everus Construction Group during the fourth quarter valued at approximately $30,076,000.

Everus Construction Group Trading Down 3.9%

NYSE:ECG traded down $3.04 during trading hours on Friday, hitting $74.35. The company had a trading volume of 593,142 shares, compared to its average volume of 640,913. 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 has a 50-day moving average price of $72.00 and a 200 day moving average price of $55.73. The company has a market capitalization of $3.79 billion and a PE ratio of 22.95. Everus Construction Group, Inc. has a 52 week low of $31.38 and a 52 week high of $90.00.

Everus Construction Group (NYSE:ECG - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.61 by $0.42. The business had revenue of $921.47 million during the quarter, compared to analyst estimates of $749.12 million. Everus Construction Group had a net margin of 5.07% and a return on equity of 35.83%. The firm's revenue for the quarter was up 31.0% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Everus Construction Group, Inc. will post 2.49 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ECG. Wall Street Zen upgraded shares of Everus Construction Group from a "buy" rating to a "strong-buy" rating in a report on Saturday. Oppenheimer increased their price target on shares of Everus Construction Group from $66.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. DA Davidson boosted their price objective on shares of Everus Construction Group from $68.00 to $88.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. Stifel Nicolaus upped their price objective on shares of Everus Construction Group from $71.00 to $83.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, Zacks Research upgraded shares of Everus Construction Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Everus Construction Group currently has an average rating of "Moderate Buy" and an average target price 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.