Mutual of America Capital Management LLC Makes New Investment in Everus Construction Group, Inc. (NYSE:ECG)

Mutual of America Capital Management 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 7,424 shares of the company's stock, valued at approximately $275,000.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. purchased a new stake in Everus Construction Group during the 4th quarter worth $365,965,000. Dimensional Fund Advisors LP purchased a new position in Everus Construction Group in the 4th quarter valued at about $120,578,000. Invesco Ltd. purchased a new position in Everus Construction Group in the 4th quarter valued at about $65,337,000. Alliancebernstein L.P. purchased a new position in Everus Construction Group in the 4th quarter valued at about $53,131,000. Finally, American Century Companies Inc. purchased a new position in Everus Construction Group in the 4th quarter valued at about $49,650,000.

Wall Street Analyst Weigh In

ECG has been the subject of a number of analyst reports. 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 report on Friday, July 11th. Oppenheimer upped their price objective 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. Wall Street Zen lowered shares of Everus Construction Group from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Finally, DA Davidson upped 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Everus Construction Group currently has a consensus rating of "Hold" and an average target price of $73.67.

Everus Construction Group Trading Up 6.4%

Shares of Everus Construction Group stock traded up $4.43 during trading on Friday, reaching $73.43. The company had a trading volume of 701,828 shares, compared to its average volume of 428,869. The firm's fifty day moving average is $62.72 and its 200-day moving average is $53.67. 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, Inc. has a fifty-two week low of $31.38 and a fifty-two week high of $77.93.

Everus Construction Group (NYSE:ECG - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.29. The business had revenue of $826.63 million for 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 business's revenue for the quarter was up 32.1% on a year-over-year basis. Sell-side analysts forecast that Everus Construction Group, Inc. will post 2.49 EPS for the current year.

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.