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

Register Financial Advisors LLC lifted its position in Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 31.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 63,314 shares of the company's stock after purchasing an additional 15,141 shares during the period. Everus Construction Group accounts for about 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 reporting period.

Several other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. purchased a new stake in shares of Everus Construction Group in the 4th quarter worth $16,241,000. Deutsche Bank AG bought a new position in Everus Construction Group during the 4th quarter worth about $1,192,000. Principal Securities Inc. purchased a new position in Everus Construction Group during the 4th quarter valued at about $27,000. GAMMA Investing LLC raised its holdings in shares of Everus Construction Group by 14,573.1% in the 1st quarter. GAMMA Investing LLC now owns 26,705 shares of the company's stock valued at $990,000 after purchasing an additional 26,523 shares in the last quarter. Finally, Truist Financial Corp bought a new position in shares of Everus Construction Group during the fourth quarter valued at approximately $421,000.

Analyst Ratings Changes

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

Everus Construction Group Trading Up 1.9%

Shares of NYSE:ECG traded up $1.15 during trading on Tuesday, reaching $61.91. The stock had a trading volume of 220,727 shares, compared to its average volume of 690,408. The firm's 50-day simple moving average is $52.29 and its 200 day simple moving average is $53.89. 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, Inc. has a one year low of $31.38 and a one year high of $77.93.

Everus Construction Group (NYSE:ECG - Get Free Report) last released its quarterly earnings results 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. Everus Construction Group had a net margin of 4.98% and a return on equity of 33.27%. The business had revenue of $826.63 million for the quarter, compared to analyst estimates of $676.35 million. Everus Construction Group's quarterly revenue was up 32.1% compared to the same quarter last year. As a group, equities research analysts expect that Everus Construction Group, Inc. will post 2.49 EPS for the current year.

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.