Everus Construction Group, Inc. (NYSE:ECG) Position Increased by Register Financial Advisors LLC

Register Financial Advisors LLC grew its position in Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 31.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,314 shares of the company's stock after acquiring an additional 15,141 shares during the period. Everus Construction Group comprises approximately 1.2% of Register Financial Advisors LLC's investment portfolio, making the stock its 19th biggest position. Register Financial Advisors LLC owned approximately 0.12% of Everus Construction Group worth $2,348,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. acquired a new position in shares of Everus Construction Group in the fourth quarter worth about $16,241,000. Deutsche Bank AG acquired a new position in shares of Everus Construction Group in the fourth quarter worth about $1,192,000. Principal Securities Inc. acquired a new position in shares of Everus Construction Group in the fourth quarter worth about $27,000. Truist Financial Corp acquired a new position in shares of Everus Construction Group in the fourth quarter worth about $421,000. Finally, GAMMA Investing LLC raised its position in shares of Everus Construction Group by 14,573.1% during the 1st quarter. GAMMA Investing LLC now owns 26,705 shares of the company's stock worth $990,000 after purchasing an additional 26,523 shares during the last quarter.

Everus Construction Group Stock Down 1.0%

Everus Construction Group stock traded down $0.61 during mid-day trading on Friday, reaching $59.18. 530,538 shares of the company's stock were exchanged, compared to its average volume of 695,370. Everus Construction Group, Inc. has a twelve month low of $31.38 and a twelve month high of $77.93. The company has a fifty day moving average of $51.83 and a 200-day moving average of $53.94. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.78 and a quick ratio of 1.69.

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

Analyst Upgrades and Downgrades

ECG has been the subject of several research analyst reports. Stifel Nicolaus upped their price target 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 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.