Jefferies Financial Group Inc. Acquires 25,325 Shares of Everus Construction Group, Inc. (NYSE:ECG)

Key Points

• Jefferies Financial Group Inc. increased its holdings in Everus Construction Group by 208.0%, acquiring an additional 25,325 shares, bringing its total ownership to 37,500 shares valued at approximately $1.39 million.
• Everus Construction Group reported a quarterly EPS of $0.72, significantly surpassing analysts' estimates of $0.43, with a revenue of $826.63 million for the quarter.
• Wall Street analysts have mixed ratings for Everus Construction Group, with price targets ranging from $58.00 to $83.00 and a consensus rating of "Hold".

Jefferies Financial Group Inc. boosted its stake in Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 208.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,500 shares of the company's stock after purchasing an additional 25,325 shares during the period. Jefferies Financial Group Inc. owned approximately 0.07% of Everus Construction Group worth $1,391,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ECG. Dimensional Fund Advisors LP purchased a new stake in shares of Everus Construction Group in the fourth quarter worth $120,578,000. Invesco Ltd. purchased a new stake in Everus Construction Group in the 4th quarter worth $65,337,000. Naya Capital Management UK Ltd. bought a new stake in Everus Construction Group during the fourth quarter valued at about $48,619,000. Frontier Capital Management Co. LLC purchased a new position in shares of Everus Construction Group in the fourth quarter valued at about $34,797,000. Finally, Northern Trust Corp purchased a new position in shares of Everus Construction Group in the fourth quarter valued at about $30,076,000.

Everus Construction Group Trading Down 0.0%

NYSE:ECG traded down $0.01 during trading hours on Wednesday, reaching $72.93. The stock had a trading volume of 354,012 shares, compared to its average volume of 637,507. Everus Construction Group, Inc. has a 52 week low of $31.38 and a 52 week high of $77.93. The company has a 50 day moving average price of $64.82 and a two-hundred day moving average price of $53.93. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.69 and a current ratio of 1.78.

Everus Construction Group (NYSE:ECG - Get Free Report) last posted its 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 firm had revenue of $826.63 million during the quarter, compared to analyst estimates of $676.35 million. Everus Construction Group had a net margin of 4.98% and a return on equity of 33.27%. The firm's revenue for the quarter was up 32.1% on a year-over-year basis. As a group, equities analysts forecast that Everus Construction Group, Inc. will post 2.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ECG. Oppenheimer lifted their target price on Everus Construction Group from $66.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Stifel Nicolaus lifted 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 report on Friday, July 11th. Wall Street Zen lowered shares of Everus Construction Group from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Finally, DA Davidson raised their target price 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. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $73.67.

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.