116,747 Shares in Everus Construction Group, Inc. $ECG Purchased by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new stake in Everus Construction Group, purchasing 116,747 shares valued at approximately $4.33 million, representing a 0.23% ownership.
• Several analysts have upgraded their ratings for Everus Construction Group, with Zacks Research and Wall Street Zen raising it to a "strong-buy" and "buy" respectively, while Oppenheimer increased the price target from $66.00 to $70.00.
• Everus Construction Group reported $921.47 million in revenue for the last quarter, exceeding analysts' expectations, and saw a significant increase in earnings per share by $0.42 over consensus estimates.

Nuveen LLC purchased a new stake in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 116,747 shares of the company's stock, valued at approximately $4,330,000. Nuveen LLC owned about 0.23% of Everus Construction Group as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of Everus Construction Group during the fourth quarter valued at approximately $36,000. Tompkins Financial Corp purchased a new stake in Everus Construction Group in the 1st quarter valued at $25,000. GAMMA Investing LLC raised its position in 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 buying an additional 538 shares during the last quarter. Colonial Trust Co SC bought a new position in Everus Construction Group during the 4th quarter valued at $50,000. Finally, Concord Wealth Partners purchased a new position in Everus Construction Group during the 1st quarter worth $31,000.

Analyst Ratings Changes

ECG has been the subject of several analyst reports. Zacks Research upgraded shares of Everus Construction Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. Stifel Nicolaus upped their price objective on shares of Everus Construction Group from $71.00 to $83.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. DA Davidson increased their price objective on shares of Everus Construction Group from $68.00 to $88.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Wall Street Zen raised shares of Everus Construction Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Oppenheimer upped their target price on Everus Construction Group from $66.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $80.33.

Everus Construction Group Price Performance

Shares of ECG traded down $1.68 during midday trading on Monday, hitting $78.63. 537,943 shares of the company traded hands, compared to its average volume of 644,552. Everus Construction Group, Inc. has a one year low of $31.38 and a one year high of $90.00. The firm has a market cap of $4.01 billion and a P/E ratio of 24.27. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 1.69. The stock has a 50-day moving average of $70.92 and a 200-day moving average of $54.93.

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

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.