State of Wyoming Takes $131,000 Position in Everus Construction Group, Inc. $ECG

Key Points

• The State of Wyoming acquired a new stake in Everus Construction Group, purchasing 3,542 shares valued at approximately $131,000 during the first quarter.
• Multiple analysts have raised their price targets for Everus Construction Group, with Oppenheimer increasing it from $66.00 to $70.00, indicating a bullish outlook on the company.
• Everus Construction Group recently reported earnings that exceeded analyst estimates, with $1.03 EPS for the quarter, surpassing the consensus estimate of $0.61.

State of Wyoming purchased a new position in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,542 shares of the company's stock, valued at approximately $131,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Tompkins Financial Corp acquired a new position in Everus Construction Group during the 1st quarter worth $25,000. GAMMA Investing LLC lifted its position 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 worth $27,000 after purchasing an additional 538 shares during the last quarter. Colonial Trust Co SC acquired a new position in Everus Construction Group in the fourth quarter worth about $50,000. Concord Wealth Partners bought a new stake in Everus Construction Group in the first quarter valued at about $31,000. Finally, CoreCap Advisors LLC acquired a new stake in Everus Construction Group during the fourth quarter valued at approximately $58,000.

Analyst Ratings Changes

A number of research analysts have commented on ECG shares. Oppenheimer increased their target price on Everus Construction Group from $66.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Stifel Nicolaus raised their price objective on Everus Construction Group from $71.00 to $83.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Wall Street Zen raised shares of Everus Construction Group from a "buy" rating to a "strong-buy" rating in a report on Saturday. DA Davidson boosted their target price on shares of Everus Construction Group from $68.00 to $88.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Finally, Zacks Research raised 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 given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $80.33.

Everus Construction Group Stock Performance

ECG stock traded up $0.84 during mid-day trading on Tuesday, reaching $75.89. The company had a trading volume of 544,585 shares, compared to its average volume of 636,501. The stock's 50-day simple moving average is $72.49 and its two-hundred day simple moving average is $56.08. The stock has a market capitalization of $3.87 billion and a P/E ratio of 23.16. The company has a quick ratio of 1.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.53. Everus Construction Group, Inc. has a one year low of $31.38 and a one year high of $90.00.

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

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.