Oppenheimer Asset Management Inc. Grows Holdings in Everus Construction Group, Inc. $ECG

Key Points

• Oppenheimer Asset Management increased its stake in Everus Construction Group by 120.8% in Q4, adding 28,164 shares to hold 51,474 shares worth about $4.404 million (≈0.10% of the company).
• Several large institutions also built or expanded positions — notably Capital International (new stake ≈$165.99M) and Invesco (up 86.4% to 1,795,730 shares, ≈$153.98M) — signaling significant institutional interest.
• Everus posted a strong quarter (EPS $1.08 vs. $0.72 est., revenue $1.01B vs. $879.6M est., revenue +33% YoY), has a market cap of $7.61B and P/E 37.85, and carries a consensus analyst rating of “Hold” with a $126.33 target.

Oppenheimer Asset Management Inc. increased its position in Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 120.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,474 shares of the company's stock after acquiring an additional 28,164 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.10% of Everus Construction Group worth $4,404,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ECG. Capital International Investors purchased a new stake in Everus Construction Group during the 3rd quarter valued at approximately $165,993,000. Invesco Ltd. grew its holdings in Everus Construction Group by 86.4% during the 3rd quarter. Invesco Ltd. now owns 1,795,730 shares of the company's stock valued at $153,984,000 after buying an additional 832,389 shares in the last quarter. Merewether Investment Management LP purchased a new stake in Everus Construction Group during the 3rd quarter valued at approximately $24,842,000. Handelsbanken Fonder AB grew its holdings in Everus Construction Group by 61.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 424,800 shares of the company's stock valued at $36,427,000 after buying an additional 162,100 shares in the last quarter. Finally, Aberdeen Group plc purchased a new stake in Everus Construction Group during the 3rd quarter valued at approximately $9,302,000.

Everus Construction Group Stock Up 1.2%

NYSE ECG opened at $149.15 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.76. The company has a market capitalization of $7.61 billion, a P/E ratio of 37.85 and a beta of 2.56. Everus Construction Group, Inc. has a one year low of $43.25 and a one year high of $149.88. The stock has a 50 day moving average price of $122.41 and a 200-day moving average price of $102.29.

Everus Construction Group (NYSE:ECG - Get Free Report) last posted its earnings results on Tuesday, February 24th. The company reported $1.08 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.36. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $879.57 million. Everus Construction Group had a return on equity of 37.06% and a net margin of 5.39%.The company's quarterly revenue was up 33.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 EPS. As a group, equities analysts predict that Everus Construction Group, Inc. will post 4.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ECG has been the subject of a number of research analyst reports. Glj Research initiated coverage on shares of Everus Construction Group in a report on Monday, April 20th. They set a "hold" rating and a $141.00 price objective for the company. Cantor Fitzgerald initiated coverage on shares of Everus Construction Group in a report on Friday, January 23rd. They set a "neutral" rating and a $97.00 price objective for the company. Guggenheim raised shares of Everus Construction Group from a "neutral" rating to a "buy" rating and set a $160.00 price objective for the company in a report on Thursday. Stifel Nicolaus increased their price objective on shares of Everus Construction Group to $153.00 and gave the company a "buy" rating in a report on Wednesday, April 15th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Everus Construction Group in a report on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $126.33.

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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