MSH Capital Advisors LLC Invests $204,000 in Everus Construction Group, Inc. $ECG

Key Points

• MSH Capital Advisors LLC invested approximately $204,000 in Everus Construction Group, acquiring 3,208 shares during the second quarter.
• Everus Construction Group reported $1.03 earnings per share (EPS) for the last quarter, exceeding estimates and showing a revenue increase of 31.0% year-over-year.
• The stock has a market capitalization of $4.48 billion and a current price-to-earnings ratio of 27.08, with a 12-month high of $90.00.

MSH Capital Advisors LLC acquired a new position in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,208 shares of the company's stock, valued at approximately $204,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Everus Construction Group by 295.6% during the first quarter. GAMMA Investing LLC now owns 720 shares of the company's stock worth $27,000 after buying an additional 538 shares during the period. Signaturefd LLC raised its holdings in Everus Construction Group by 91.6% during the second quarter. Signaturefd LLC now owns 435 shares of the company's stock worth $28,000 after acquiring an additional 208 shares in the last quarter. Concord Wealth Partners bought a new stake in Everus Construction Group during the first quarter worth about $31,000. Garde Capital Inc. bought a new stake in Everus Construction Group during the first quarter worth about $38,000. Finally, Hilltop National Bank bought a new stake in Everus Construction Group during the second quarter worth about $41,000.

Everus Construction Group Price Performance

NYSE:ECG opened at $87.75 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.53. The stock's 50 day moving average price is $78.08 and its two-hundred day moving average price is $62.32. The firm has a market capitalization of $4.48 billion and a price-to-earnings ratio of 27.08. Everus Construction Group, Inc. has a 12-month low of $31.38 and a 12-month high of $90.00.

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

Analysts Set New Price Targets

Several research firms recently issued reports on ECG. Wall Street Zen lowered Everus Construction Group from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 14th. Zacks Research upgraded Everus Construction Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. DA Davidson upped their target price on Everus Construction Group from $68.00 to $88.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Stifel Nicolaus upped their target price on Everus Construction Group from $88.00 to $94.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Everus Construction Group in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Everus Construction Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.67.

About Everus Construction Group

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.

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