Everus Construction Group, Inc. (NYSE:ECG) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 2,050.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 260,752 shares of the company's stock after buying an additional 248,626 shares during the period. Victory Capital Management Inc. owned about 0.51% of Everus Construction Group worth $9,671,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC boosted its holdings in shares of Everus Construction Group by 2.0% during the 1st quarter. Catalyst Capital Advisors LLC now owns 22,692 shares of the company's stock worth $842,000 after purchasing an additional 440 shares during the last quarter. Bleakley Financial Group LLC raised its position in shares of Everus Construction Group by 1.9% during the 1st quarter. Bleakley Financial Group LLC now owns 29,330 shares of the company's stock valued at $1,088,000 after buying an additional 534 shares during the period. GAMMA Investing LLC raised its position in shares of Everus Construction Group by 295.6% during the 1st quarter. GAMMA Investing LLC now owns 720 shares of the company's stock valued at $27,000 after buying an additional 538 shares during the period. Quarry LP purchased a new stake in shares of Everus Construction Group during the 4th quarter valued at approximately $36,000. Finally, Nomura Asset Management Co. Ltd. purchased a new stake in shares of Everus Construction Group during the 4th quarter valued at approximately $39,000.

Everus Construction Group Price Performance

NYSE:ECG traded up $4.43 during trading hours on Friday, hitting $73.43. The company's stock had a trading volume of 701,828 shares, compared to its average volume of 428,869. The stock has a fifty day moving average of $62.72 and a 200-day moving average of $53.67. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.69 and a current ratio of 1.78. Everus Construction Group, Inc. has a 52-week low of $31.38 and a 52-week high of $77.93.

Everus Construction Group (NYSE:ECG - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.43 by $0.29. The firm had revenue of $826.63 million for the quarter, compared to analyst estimates of $676.35 million. Everus Construction Group had a return on equity of 33.27% and a net margin of 4.98%. The company's revenue for the quarter was up 32.1% compared to the same quarter last year. Equities research analysts expect that Everus Construction Group, Inc. will post 2.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on ECG. Wall Street Zen lowered shares of Everus Construction Group from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Oppenheimer lifted their price target on shares of Everus Construction Group from $66.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Stifel Nicolaus lifted their price target on shares of Everus Construction Group from $71.00 to $83.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, DA Davidson boosted their target price on Everus Construction Group from $58.00 to $68.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $73.67.

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.