Riverwater Partners LLC Invests $462,000 in Everus Construction Group, Inc. (NYSE:ECG)

Riverwater Partners LLC bought a new stake in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,464 shares of the company's stock, valued at approximately $462,000.

Several other hedge funds have also modified their holdings of ECG. Tompkins Financial Corp acquired a new stake in Everus Construction Group during the 1st quarter worth about $25,000. SRS Capital Advisors Inc. acquired a new position in shares of Everus Construction Group in the fourth quarter worth about $26,000. Principal Securities Inc. purchased a new position in shares of Everus Construction Group in the fourth quarter worth approximately $27,000. GAMMA Investing LLC raised its holdings in shares of Everus Construction Group by 295.6% during the first quarter. GAMMA Investing LLC now owns 720 shares of the company's stock valued at $27,000 after acquiring an additional 538 shares during the period. Finally, Quarry LP acquired a new stake in shares of Everus Construction Group during the fourth quarter valued at approximately $36,000.

Everus Construction Group Stock Performance

NYSE:ECG opened at $59.80 on Friday. Everus Construction Group, Inc. has a fifty-two week low of $31.38 and a fifty-two week 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. The stock's 50-day moving average is $51.42 and its two-hundred day moving average is $54.17.

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 analysts' consensus estimates of $0.43 by $0.29. The firm had revenue of $826.63 million for 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 revenue was up 32.1% compared to the same quarter last year. Sell-side analysts anticipate that Everus Construction Group, Inc. will post 2.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ECG. Stifel Nicolaus raised 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 increased their target price on Everus Construction Group from $58.00 to $68.00 and gave the company a "neutral" rating in a report on Thursday, May 15th.

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.

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