Tudor Investment Corp ET AL Takes $1.02 Million Position in Everus Construction Group, Inc. $ECG

Key Points

• Tudor Investment Corp opened a new position in Everus by buying 11,895 shares (~$1.02 million) in Q3, and other large institutions (RBC, Millennium, Goldman, UBS, Jane Street) also materially increased their stakes, signaling rising institutional interest.
• Everus beat quarterly expectations, reporting $1.08 EPS vs. $0.72 est. and $1.01B revenue (up 33% YoY), with a 37.06% ROE and 5.39% net margin.
• The stock trades at a P/E of 28.24 with a market cap of $5.68B and a beta of 3.24, and analysts hold a consensus "Moderate Buy" rating with an average target of $102.75.

Tudor Investment Corp ET AL purchased a new position in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,895 shares of the company's stock, valued at approximately $1,020,000.

A number of other large investors have also modified their holdings of ECG. Royal Bank of Canada boosted its stake in Everus Construction Group by 155.0% during the 1st quarter. Royal Bank of Canada now owns 48,839 shares of the company's stock valued at $1,811,000 after purchasing an additional 29,689 shares during the period. Millennium Management LLC raised its holdings in shares of Everus Construction Group by 42.7% during the first quarter. Millennium Management LLC now owns 244,421 shares of the company's stock valued at $9,066,000 after buying an additional 73,128 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Everus Construction Group by 74.4% during the first quarter. Goldman Sachs Group Inc. now owns 178,790 shares of the company's stock valued at $6,631,000 after buying an additional 76,252 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Everus Construction Group by 33.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 140,397 shares of the company's stock worth $5,207,000 after buying an additional 34,868 shares during the period. Finally, Jane Street Group LLC grew its holdings in Everus Construction Group by 184.4% in the 1st quarter. Jane Street Group LLC now owns 71,323 shares of the company's stock worth $2,645,000 after buying an additional 46,247 shares in the last quarter.

Everus Construction Group Stock Performance

ECG opened at $111.26 on Tuesday. The business has a 50 day moving average price of $106.58 and a two-hundred day moving average price of $94.64. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.76 and a quick ratio of 1.70. The company has a market capitalization of $5.68 billion, a price-to-earnings ratio of 28.24 and a beta of 3.24. Everus Construction Group, Inc. has a 1-year low of $31.38 and a 1-year high of $137.64.

Everus Construction Group (NYSE:ECG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.36. Everus Construction Group had a return on equity of 37.06% and a net margin of 5.39%.The company had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $879.57 million. During the same period last year, the firm earned $0.67 EPS. The firm's revenue for the quarter was up 33.0% on a year-over-year basis. Research analysts predict that Everus Construction Group, Inc. will post 2.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Guggenheim initiated coverage on Everus Construction Group in a research report on Thursday, January 22nd. They set a "neutral" rating for the company. DA Davidson reissued a "neutral" rating and set a $102.00 price target on shares of Everus Construction Group in a report on Wednesday, February 25th. Weiss Ratings restated a "hold (c)" rating on shares of Everus Construction Group in a research note on Thursday, January 22nd. Zacks Research raised shares of Everus Construction Group from a "hold" rating to a "strong-buy" rating in a report on Friday, February 27th. Finally, Stifel Nicolaus decreased their target price on shares of Everus Construction Group from $110.00 to $107.00 and set a "buy" rating for the company in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Everus Construction Group currently has a consensus rating of "Moderate Buy" and an average target price of $102.75.

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. Everus Construction Group is based in BISMARCK, N.D.

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