Oppenheimer & Co. Inc. Has $862,000 Holdings in Everus Construction Group, Inc. (NYSE:ECG)

Oppenheimer & Co. Inc. increased its position in Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 145.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 23,240 shares of the company's stock after purchasing an additional 13,757 shares during the period. Oppenheimer & Co. Inc.'s holdings in Everus Construction Group were worth $862,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. acquired a new position in Everus Construction Group in the 4th quarter valued at approximately $365,965,000. Dimensional Fund Advisors LP purchased a new position in shares of Everus Construction Group during the 4th quarter valued at $120,578,000. Invesco Ltd. acquired a new position in shares of Everus Construction Group in the fourth quarter worth $65,337,000. Alliancebernstein L.P. purchased a new stake in shares of Everus Construction Group during the fourth quarter worth $53,131,000. Finally, American Century Companies Inc. purchased a new stake in shares of Everus Construction Group during the fourth quarter worth $49,650,000.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Stifel Nicolaus boosted their target price on shares of Everus Construction Group from $55.00 to $71.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. DA Davidson upped their price objective on shares of Everus Construction Group from $58.00 to $68.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th.

Everus Construction Group Stock Up 1.7%

Shares of ECG stock traded up $1.11 during trading on Thursday, reaching $65.16. The company had a trading volume of 155,084 shares, compared to its average volume of 663,720. The firm's 50 day simple moving average is $55.77 and its two-hundred day simple moving average is $53.84. Everus Construction Group, Inc. has a one year low of $31.38 and a one year high of $77.93. The company has a quick ratio of 1.69, a current ratio of 1.78 and a debt-to-equity ratio of 0.60.

Everus Construction Group (NYSE:ECG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.29. The business had revenue of $826.63 million during the quarter, compared to the consensus estimate of $676.35 million. Everus Construction Group had a net margin of 4.98% and a return on equity of 33.27%. Everus Construction Group's quarterly revenue was up 32.1% on a year-over-year basis. As a group, equities research analysts anticipate that Everus Construction Group, Inc. will post 2.49 earnings per share 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.