Oak Ridge Investments LLC Buys Shares of 34,848 Everus Construction Group, Inc. $ECG

Key Points

• Oak Ridge Investments LLC has acquired a new stake in Everus Construction Group, purchasing 34,848 shares valued at about $1,293,000, which represents approximately 0.07% ownership of the company.
• Analysts have mixed sentiments on Everus Construction Group, with three giving it a "hold" rating and two a "buy" rating; the stock currently has a consensus price target of $73.67.
• In its latest earnings report, Everus reported an EPS of $1.03, significantly surpassing estimates, along with a revenue increase of 31.0% year-over-year.

Oak Ridge Investments LLC bought a new position in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 34,848 shares of the company's stock, valued at approximately $1,293,000. Oak Ridge Investments LLC owned 0.07% of Everus Construction Group as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Moors & Cabot Inc. increased its position in shares of Everus Construction Group by 2.3% in the 1st quarter. Moors & Cabot Inc. now owns 17,477 shares of the company's stock valued at $648,000 after acquiring an additional 387 shares during the period. Catalyst Capital Advisors LLC raised its holdings in Everus Construction Group by 2.0% in the 1st quarter. Catalyst Capital Advisors LLC now owns 22,692 shares of the company's stock valued at $842,000 after acquiring an additional 440 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in Everus Construction Group by 1.9% in the 1st quarter. Bleakley Financial Group LLC now owns 29,330 shares of the company's stock valued at $1,088,000 after acquiring an additional 534 shares during the last quarter. GAMMA Investing LLC increased its holdings 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 worth $27,000 after buying an additional 538 shares during the last quarter. Finally, Quarry LP acquired a new stake in Everus Construction Group in the 4th quarter valued at approximately $36,000.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ECG shares. Oppenheimer raised their price target 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. Zacks Research raised shares of Everus Construction Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 14th. Stifel Nicolaus raised their price target 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. DA Davidson raised their price target on shares of Everus Construction Group from $68.00 to $88.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Wall Street Zen raised shares of Everus Construction Group from a "hold" rating to a "buy" rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $80.33.

Everus Construction Group Stock Performance

ECG traded down $0.9510 on Tuesday, reaching $75.2190. The company had a trading volume of 138,366 shares, compared to its average volume of 649,775. Everus Construction Group, Inc. has a 1 year low of $31.38 and a 1 year high of $90.00. The stock has a market capitalization of $3.84 billion and a PE ratio of 23.22. 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 has a 50-day moving average price of $67.50 and a 200-day moving average price of $53.99.

Everus Construction Group (NYSE:ECG - Get Free Report) last posted 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 for 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%. Everus Construction Group's quarterly revenue was up 31.0% on a year-over-year basis. Everus Construction Group has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Everus Construction Group, Inc. will post 2.49 EPS for the current fiscal year.

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.