25,215 Shares in Everus Construction Group, Inc. (NYSE:ECG) Bought by Washington Trust Bank

Washington Trust Bank acquired a new stake in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 25,215 shares of the company's stock, valued at approximately $935,000.

Several other hedge funds also recently modified their holdings of ECG. Vanguard Group Inc. bought a new stake in shares of Everus Construction Group in the 4th quarter valued at about $365,965,000. Dimensional Fund Advisors LP bought a new stake in Everus Construction Group in the fourth quarter valued at approximately $120,578,000. Invesco Ltd. acquired a new stake in Everus Construction Group during the 4th quarter valued at approximately $65,337,000. Alliancebernstein L.P. bought a new position in Everus Construction Group during the 4th quarter worth approximately $53,131,000. Finally, American Century Companies Inc. acquired a new position in shares of Everus Construction Group in the 4th quarter worth approximately $49,650,000.

Everus Construction Group Stock Performance

Shares of NYSE ECG traded up $0.10 during mid-day trading on Thursday, reaching $67.55. 475,532 shares of the company's stock traded hands, compared to its average volume of 669,471. The company has a quick ratio of 1.69, a current ratio of 1.78 and a debt-to-equity ratio of 0.60. Everus Construction Group, Inc. has a 1-year low of $31.38 and a 1-year high of $77.93. The business has a 50-day simple moving average of $58.24 and a 200 day simple moving average of $53.75.

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

Analyst Upgrades and Downgrades

ECG has been the topic of several research analyst reports. DA Davidson upped 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. Stifel Nicolaus increased their price target on Everus Construction Group from $55.00 to $71.00 and gave the stock a "buy" rating in a report on Friday, May 16th.

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.