State of Wyoming Makes New Investment 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) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,542 shares of the company's stock, valued at approximately $131,000.

A number of other hedge funds also recently bought and sold shares of ECG. Comerica Bank boosted its stake in shares of Everus Construction Group by 1.3% in the first quarter. Comerica Bank now owns 27,582 shares of the company's stock worth $1,023,000 after acquiring an additional 348 shares during the last quarter. Moors & Cabot Inc. raised its stake in Everus Construction Group by 2.3% in the 1st quarter. Moors & Cabot Inc. now owns 17,477 shares of the company's stock valued at $648,000 after purchasing an additional 387 shares during the last quarter. Catalyst Capital Advisors LLC lifted its holdings in Everus Construction Group by 2.0% in the 1st quarter. Catalyst Capital Advisors LLC now owns 22,692 shares of the company's stock valued at $842,000 after purchasing an additional 440 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in Everus Construction Group by 1.9% during the 1st quarter. Bleakley Financial Group LLC now owns 29,330 shares of the company's stock worth $1,088,000 after purchasing an additional 534 shares during the last quarter. Finally, GAMMA Investing LLC grew 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 worth $27,000 after buying an additional 538 shares in the last quarter.

Everus Construction Group Trading Down 0.7%

Shares of Everus Construction Group stock traded down $0.54 during trading hours on Friday, hitting $78.66. The company's stock had a trading volume of 337,068 shares, compared to its average volume of 439,715. The stock has a market cap of $4.01 billion and a price-to-earnings ratio of 24.28. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.69 and a current ratio of 1.77. Everus Construction Group, Inc. has a twelve month low of $31.38 and a twelve month high of $90.00. The firm has a fifty day moving average of $73.32 and a 200-day moving average of $56.76.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.42. Everus Construction Group had a return on equity of 35.83% and a net margin of 5.07%.The firm had revenue of $921.47 million during the quarter, compared to the consensus estimate of $749.12 million. The firm'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 forecast that Everus Construction Group, Inc. will post 2.49 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ECG shares. Stifel Nicolaus raised their price target on shares of Everus Construction Group from $83.00 to $88.00 and gave the stock a "buy" rating in a research note on Thursday. Oppenheimer raised their target price on shares of Everus Construction Group from $66.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. DA Davidson boosted their target price on Everus Construction Group from $68.00 to $88.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Wall Street Zen raised Everus Construction Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 6th. Finally, Zacks Research upgraded Everus Construction Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $82.00.

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.