Oak Ridge Investments LLC Purchases 9,533 Shares of Everus Construction Group, Inc. $ECG

Key Points

• Oak Ridge Investments LLC increased its stake in Everus Construction Group by 28.7% in Q4, purchasing 9,533 shares to hold 42,778 shares worth about $3.66 million (roughly 0.08% of the company).
• Large institutions also piled in—most notably Invesco raised its holding 86.4% to 1,795,730 shares (~$154M) and Capital International opened a new stake valued at about $166M—indicating strong institutional buying interest.
• Everus posted an earnings and revenue beat (EPS $1.08 vs $0.72 est; revenue $1.01B vs $879.6M, +33% YoY), trades near its 12‑month high with a $6.68B market cap and carries a consensus rating of "Moderate Buy."

Oak Ridge Investments LLC boosted its position in Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 28.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,778 shares of the company's stock after purchasing an additional 9,533 shares during the quarter. Oak Ridge Investments LLC owned about 0.08% of Everus Construction Group worth $3,660,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Capital International Investors bought a new stake in shares of Everus Construction Group during the 3rd quarter valued at $165,993,000. Invesco Ltd. raised its holdings in shares of Everus Construction Group by 86.4% during the 3rd quarter. Invesco Ltd. now owns 1,795,730 shares of the company's stock worth $153,984,000 after buying an additional 832,389 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Everus Construction Group by 5.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,350,871 shares of the company's stock worth $85,821,000 after buying an additional 72,775 shares in the last quarter. Swedbank AB raised its holdings in shares of Everus Construction Group by 66.7% during the 3rd quarter. Swedbank AB now owns 500,000 shares of the company's stock worth $42,875,000 after buying an additional 200,000 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in shares of Everus Construction Group by 61.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 424,800 shares of the company's stock worth $36,427,000 after buying an additional 162,100 shares in the last quarter.

Everus Construction Group Price Performance

Shares of ECG opened at $130.90 on Tuesday. Everus Construction Group, Inc. has a 12-month low of $35.19 and a 12-month high of $137.64. The business has a 50-day simple moving average of $113.26 and a two-hundred day simple moving average of $97.81. The company has a quick ratio of 1.70, a current ratio of 1.76 and a debt-to-equity ratio of 0.42. The stock has a market cap of $6.68 billion, a PE ratio of 33.22 and a beta of 2.88.

Everus Construction Group (NYSE:ECG - Get Free Report) last issued its earnings results on Tuesday, February 24th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.36. The business had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $879.57 million. Everus Construction Group had a return on equity of 37.06% and a net margin of 5.39%.The business's revenue for the quarter was up 33.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 EPS. Analysts anticipate that Everus Construction Group, Inc. will post 2.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

ECG has been the subject of a number of research analyst reports. Zacks Research raised Everus Construction Group from a "hold" rating to a "strong-buy" rating in a report on Friday, February 27th. Stifel Nicolaus lowered their price target on Everus Construction Group from $110.00 to $107.00 and set a "buy" rating for the company in a report on Monday, January 26th. Weiss Ratings reissued a "hold (c)" rating on shares of Everus Construction Group in a report on Thursday, January 22nd. Wall Street Zen cut Everus Construction Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 7th. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $102.00 target price on shares of Everus Construction Group in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $102.75.

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. Everus Construction Group is based in BISMARCK, N.D.

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