Washington Trust Bank Invests $935,000 in Everus Construction Group, Inc. (NYSE:ECG)

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new stake in shares of Everus Construction Group in the 1st quarter valued at $716,000. Asset Management One Co. Ltd. boosted its stake in shares of Everus Construction Group by 52.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 70,905 shares of the company's stock valued at $2,630,000 after purchasing an additional 24,263 shares in the last quarter. Deutsche Bank AG acquired a new stake in shares of Everus Construction Group in the 4th quarter valued at $1,192,000. Oppenheimer & Co. Inc. boosted its stake in shares of Everus Construction Group by 145.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 23,240 shares of the company's stock valued at $862,000 after purchasing an additional 13,757 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Everus Construction Group by 14,573.1% in the 1st quarter. GAMMA Investing LLC now owns 26,705 shares of the company's stock valued at $990,000 after purchasing an additional 26,523 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Stifel Nicolaus boosted their target price on shares of Everus Construction Group from $55.00 to $71.00 and gave the company a "buy" rating in a research note on Friday, May 16th. DA Davidson lifted their price target on Everus Construction Group from $58.00 to $68.00 and gave the company a "neutral" rating in a report on Thursday, May 15th.

Everus Construction Group Stock Up 0.3%

Shares of Everus Construction Group stock traded up $0.19 during trading on Tuesday, reaching $64.54. The company's stock had a trading volume of 95,372 shares, compared to its average volume of 670,034. The stock has a 50-day moving average price of $57.21 and a two-hundred day moving average price of $53.57. 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 one year low of $31.38 and a one year high of $77.93.

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

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.