Rudius Management LP Acquires Shares of 202,759 Everus Construction Group, Inc. $ECG

Key Points

• Rudius Management LP has acquired 202,759 shares of Everus Construction Group, Inc. (NYSE: ECG), valued at approximately $7.5 million, making it 1.5% of their investment portfolio.
• Analyst upgrades have raised Everus Construction Group's price targets significantly, with ratings improving from "hold" to "strong-buy" and "buy" across multiple firms.
• Everus Construction Group reported a quarterly revenue of $921.47 million, exceeding expectations and showing a year-over-year increase of 31%, with an EPS of $1.03 that topped consensus estimates by $0.42.

Rudius Management LP acquired a new stake in Everus Construction Group, Inc. (NYSE:ECG - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 202,759 shares of the company's stock, valued at approximately $7,520,000. Everus Construction Group comprises approximately 1.5% of Rudius Management LP's portfolio, making the stock its 4th largest position. Rudius Management LP owned 0.40% of Everus Construction Group as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Comerica Bank lifted its holdings in Everus Construction Group by 1.3% in the 1st quarter. Comerica Bank now owns 27,582 shares of the company's stock valued at $1,023,000 after purchasing an additional 348 shares in the last quarter. Bragg Financial Advisors Inc lifted its holdings in Everus Construction Group by 1.9% in the 1st quarter. Bragg Financial Advisors Inc now owns 149,361 shares of the company's stock valued at $5,540,000 after purchasing an additional 2,790 shares in the last quarter. CW Advisors LLC purchased a new position in Everus Construction Group in the 1st quarter valued at about $588,000. Oak Ridge Investments LLC purchased a new position in Everus Construction Group in the 1st quarter valued at about $1,293,000. Finally, Lord Abbett & CO. LLC purchased a new position in Everus Construction Group in the 1st quarter valued at about $2,428,000.

Everus Construction Group Trading Up 3.5%

NYSE ECG traded up $2.65 during mid-day trading on Tuesday, hitting $78.26. The company's stock had a trading volume of 528,203 shares, compared to its average volume of 657,640. Everus Construction Group, Inc. has a 52-week low of $31.38 and a 52-week high of $90.00. The stock's fifty day simple moving average is $69.42 and its two-hundred day simple moving average is $54.39. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 1.69. The firm has a market capitalization of $3.99 billion and a P/E ratio of 24.15.

Everus Construction Group (NYSE:ECG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $1.03 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $921.47 million for the quarter, compared to analyst estimates of $749.12 million. The company's revenue was up 31.0% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. Research analysts expect that Everus Construction Group, Inc. will post 2.49 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ECG shares. Wall Street Zen upgraded shares of Everus Construction Group from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Stifel Nicolaus increased their price objective on shares of Everus Construction Group from $71.00 to $83.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Oppenheimer increased their price objective on shares of Everus Construction Group from $66.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. DA Davidson increased their price objective on shares of Everus Construction Group from $68.00 to $88.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Finally, Zacks Research upgraded shares of Everus Construction Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $80.33.

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.