Nixon Capital LLC Boosts Position in Everus Construction Group, Inc. $ECG

Key Points

• Nixon Capital LLC increased its stake in Everus Construction Group by 60.3%, acquiring an additional 117,825 shares, bringing its total to 313,236 shares, which makes up 4.0% of its investment portfolio.
• Everus Construction Group reported a 31.0% year-over-year revenue increase, with quarterly revenue reaching $921.47 million and an EPS of $1.03, exceeding estimates.
• Several analysts have raised their target prices for Everus Construction Group, with a consensus rating of "Moderate Buy" and an average target price of $80.33.

Nixon Capital LLC grew its holdings in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 60.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 313,236 shares of the company's stock after purchasing an additional 117,825 shares during the quarter. Everus Construction Group makes up 4.0% of Nixon Capital LLC's investment portfolio, making the stock its 13th largest holding. Nixon Capital LLC owned 0.61% of Everus Construction Group worth $11,618,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Tompkins Financial Corp purchased a new stake in shares of Everus Construction Group during the 1st quarter valued at $25,000. GAMMA Investing LLC increased its position in shares of Everus Construction Group by 295.6% during the 1st quarter. GAMMA Investing LLC now owns 720 shares of the company's stock valued at $27,000 after purchasing an additional 538 shares during the last quarter. Concord Wealth Partners purchased a new stake in shares of Everus Construction Group during the 1st quarter valued at $31,000. Bangor Savings Bank purchased a new stake in shares of Everus Construction Group during the 1st quarter valued at $36,000. Finally, Garde Capital Inc. purchased a new stake in shares of Everus Construction Group during the 1st quarter valued at $38,000.

Everus Construction Group Stock Performance

Shares of ECG stock traded down $3.04 on Friday, hitting $74.35. 593,142 shares of the stock were exchanged, compared to its average volume of 640,913. Everus Construction Group, Inc. has a one year low of $31.38 and a one year high of $90.00. The firm's 50 day moving average is $72.00 and its two-hundred day moving average is $55.73. The company has a current ratio of 1.77, a quick ratio of 1.69 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $3.79 billion and a PE ratio of 22.95.

Everus Construction Group (NYSE:ECG - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.42. The business had revenue of $921.47 million during 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 company's revenue was up 31.0% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. Sell-side analysts expect that Everus Construction Group, Inc. will post 2.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on ECG shares. DA Davidson increased their price target on Everus Construction Group from $68.00 to $88.00 and gave the stock a "neutral" rating in a research note on Thursday, August 14th. Wall Street Zen upgraded Everus Construction Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Oppenheimer increased their price target on Everus Construction Group from $66.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Zacks Research upgraded Everus Construction Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. Finally, Stifel Nicolaus increased their price target on Everus Construction Group from $71.00 to $83.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $80.33.

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.