Everus Construction Group, Inc. (NYSE:ECG) Shares Purchased by Legato Capital Management LLC

Key Points

• Legato Capital Management LLC increased its stake in Everus Construction Group by 62.5% during the first quarter, now holding 11,066 shares valued at approximately $410,000.
• Various hedge funds have recently made new investments in Everus Construction Group, with notable stakes of around $2.6 million from Thrivent Financial for Lutherans and $2.1 million from Commonwealth Equity Services LLC.
• Analysts have mixed views on Everus Construction Group, with price targets ranging from $68 to $83, and an average rating of "Hold" for the stock.

Legato Capital Management LLC boosted its stake in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 62.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,066 shares of the company's stock after acquiring an additional 4,256 shares during the quarter. Legato Capital Management LLC's holdings in Everus Construction Group were worth $410,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ECG. Catalyst Capital Advisors LLC boosted its stake in shares of Everus Construction Group by 2.0% during the first quarter. Catalyst Capital Advisors LLC now owns 22,692 shares of the company's stock valued at $842,000 after purchasing an additional 440 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Everus Construction Group by 1.9% during the first quarter. Bleakley Financial Group LLC now owns 29,330 shares of the company's stock valued at $1,088,000 after purchasing an additional 534 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 acquiring an additional 538 shares during the period. Quarry LP purchased a new position in shares of Everus Construction Group in the 4th quarter valued at $36,000. Finally, Nomura Asset Management Co. Ltd. purchased a new position in shares of Everus Construction Group in the 4th quarter valued at $39,000.

Everus Construction Group Stock Performance

Everus Construction Group stock traded up $1.20 during mid-day trading on Tuesday, hitting $73.67. The company had a trading volume of 110,385 shares, compared to its average volume of 642,137. The company's fifty day moving average is $62.98 and its 200-day moving average is $53.63. Everus Construction Group, Inc. has a 12-month low of $31.38 and a 12-month high of $77.93. The company has a current ratio of 1.78, a quick ratio of 1.69 and a debt-to-equity ratio of 0.60.

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

Analyst Ratings Changes

Several equities analysts have issued reports on ECG shares. Stifel Nicolaus lifted their target price on Everus Construction Group from $71.00 to $83.00 and gave the company a "buy" rating in a research note on Friday, July 11th. DA Davidson lifted 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 report on Thursday, May 15th. Wall Street Zen lowered shares of Everus Construction Group from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Finally, Oppenheimer lifted their price target on shares of Everus Construction Group from $66.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Everus Construction Group presently has a consensus rating of "Hold" and an average 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.