Janney Montgomery Scott LLC Acquires New Stake in Everus Construction Group, Inc. (NYSE:ECG)

Janney Montgomery Scott LLC acquired a new stake in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 19,308 shares of the company's stock, valued at approximately $716,000.

Several other institutional investors also recently made changes to their positions in the stock. Handelsbanken Fonder AB lifted its holdings in shares of Everus Construction Group by 47.1% during the 1st quarter. Handelsbanken Fonder AB now owns 250,000 shares of the company's stock valued at $9,272,000 after acquiring an additional 80,000 shares in the last quarter. GAMMA Investing LLC boosted its position in Everus Construction Group by 295.6% in the 1st quarter. GAMMA Investing LLC now owns 720 shares of the company's stock valued at $27,000 after buying an additional 538 shares during the last quarter. Bangor Savings Bank acquired a new stake in shares of Everus Construction Group in the 1st quarter valued at about $36,000. NBC Securities Inc. acquired a new stake in shares of Everus Construction Group in the 1st quarter valued at about $168,000. Finally, Cascade Investment Advisors Inc. raised its stake in shares of Everus Construction Group by 39.5% in the 1st quarter. Cascade Investment Advisors Inc. now owns 27,002 shares of the company's stock valued at $1,002,000 after purchasing an additional 7,652 shares in the last quarter.

Everus Construction Group Price Performance

NYSE ECG traded up $1.11 on Friday, hitting $65.16. The stock had a trading volume of 155,084 shares, compared to its average volume of 675,982. Everus Construction Group, Inc. has a one year low of $31.38 and a one year high of $77.93. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.78 and a quick ratio of 1.69. The company's 50-day moving average is $56.73 and its two-hundred day moving average is $53.67.

Everus Construction Group (NYSE:ECG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $826.63 million for the quarter, compared to analyst estimates of $676.35 million. The company's quarterly revenue was up 32.1% compared to the same quarter last year. On average, equities analysts predict that Everus Construction Group, Inc. will post 2.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ECG shares. DA Davidson increased their price objective on shares of Everus Construction Group from $58.00 to $68.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. Stifel Nicolaus upped their target price on shares of Everus Construction Group from $55.00 to $71.00 and gave the stock a "buy" rating in a research report on Friday, May 16th.

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.