Public Sector Pension Investment Board Acquires 34,761 Shares of Everus Construction Group, Inc. $ECG

Key Points

• The Public Sector Pension Investment Board increased its stake in Everus Construction Group by 27.4%, acquiring an additional 34,761 shares during the first quarter, bringing its total to 161,718 shares.
• Everus Construction Group reported quarterly earnings of $1.03 EPS, significantly exceeding analyst expectations of $0.61 EPS, with a revenue of $921.47 million, up 31.0% year-over-year.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Everus Construction Group, with an average price target of $80.33 and several recent boosts to their price targets for the stock.

Public Sector Pension Investment Board boosted its position in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 27.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 161,718 shares of the company's stock after buying an additional 34,761 shares during the period. Public Sector Pension Investment Board owned approximately 0.32% of Everus Construction Group worth $5,998,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Moors & Cabot Inc. boosted its stake 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 purchasing an additional 387 shares in the last quarter. Catalyst Capital Advisors LLC increased its holdings in Everus Construction Group by 2.0% in the first quarter. Catalyst Capital Advisors LLC now owns 22,692 shares of the company's stock valued at $842,000 after purchasing an additional 440 shares during the period. Bleakley Financial Group LLC increased its holdings in Everus Construction Group by 1.9% in the first quarter. Bleakley Financial Group LLC now owns 29,330 shares of the company's stock valued at $1,088,000 after purchasing an additional 534 shares during the period. GAMMA Investing LLC increased its holdings in Everus Construction Group by 295.6% in the first quarter. GAMMA Investing LLC now owns 720 shares of the company's stock valued at $27,000 after purchasing an additional 538 shares during the period. Finally, Quarry LP acquired a new stake in Everus Construction Group in the fourth quarter valued at $36,000.

Everus Construction Group Price Performance

Shares of NYSE ECG traded up $0.8820 during mid-day trading on Thursday, reaching $75.6620. 580,250 shares of the company were exchanged, compared to its average volume of 674,881. Everus Construction Group, Inc. has a 52 week low of $31.38 and a 52 week high of $90.00. 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 market capitalization of $3.86 billion and a PE ratio of 23.35. The company's 50 day moving average price is $68.40 and its 200 day moving average price is $54.34.

Everus Construction Group (NYSE:ECG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.42. Everus Construction Group had a net margin of 5.07% and a return on equity of 35.83%. The company had revenue of $921.47 million during the quarter, compared to the consensus estimate of $749.12 million. The firm's quarterly revenue was up 31.0% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Everus Construction Group, Inc. will post 2.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Oppenheimer increased their price target on Everus Construction Group from $66.00 to $70.00 and gave the stock an "outperform" rating in a 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. Wall Street Zen raised shares of Everus Construction Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, DA Davidson lifted their target price on shares of Everus Construction Group from $68.00 to $88.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Everus Construction Group has a consensus rating of "Moderate Buy" and an average price target of $80.33.

Everus Construction Group 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.