Oppenheimer & Co. Inc. Buys 13,757 Shares of Everus Construction Group, Inc. (NYSE:ECG)

Oppenheimer & Co. Inc. lifted its stake in Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 145.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,240 shares of the company's stock after buying an additional 13,757 shares during the period. Oppenheimer & Co. Inc.'s holdings in Everus Construction Group were worth $862,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SRS Capital Advisors Inc. bought a new stake in shares of Everus Construction Group in the fourth quarter worth about $26,000. GAMMA Investing LLC grew its position in shares of Everus Construction Group by 295.6% in 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. Quarry LP bought a new stake in shares of Everus Construction Group in the 4th quarter worth approximately $36,000. Nomura Asset Management Co. Ltd. purchased a new position in shares of Everus Construction Group during the fourth quarter valued at approximately $39,000. Finally, Tompkins Financial Corp bought a new position in shares of Everus Construction Group during the first quarter valued at approximately $25,000.

Everus Construction Group Trading Up 2.6%

ECG opened at $63.55 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.69 and a current ratio of 1.78. Everus Construction Group, Inc. has a 52 week low of $31.38 and a 52 week high of $77.93. The business has a 50 day moving average of $54.18 and a 200-day moving average of $53.74.

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

Wall Street Analysts Forecast Growth

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

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.

Want to see what other hedge funds are holding ECG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Everus Construction Group, Inc. (NYSE:ECG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.