Wealth Enhancement Advisory Services LLC Buys Shares of 5,062 Everus Construction Group, Inc. (NYSE:ECG)

Wealth Enhancement Advisory Services LLC bought a new stake in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,062 shares of the company's stock, valued at approximately $333,000.

Other hedge funds have also recently made changes to their positions in the company. Wood Tarver Financial Group LLC purchased a new stake in Everus Construction Group in the 4th quarter worth about $75,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Everus Construction Group in the 4th quarter worth about $3,066,000. Jefferies Financial Group Inc. purchased a new stake in Everus Construction Group in the 4th quarter worth about $801,000. Polar Asset Management Partners Inc. purchased a new stake in Everus Construction Group in the 4th quarter worth about $6,286,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Everus Construction Group in the 4th quarter worth about $1,147,000.

Analysts Set New Price Targets

ECG has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price objective on shares of Everus Construction Group from $55.00 to $71.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. DA Davidson increased their price objective on shares of Everus Construction Group from $58.00 to $68.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th.

Everus Construction Group Trading Up 0.1%

Shares of NYSE:ECG traded up $0.05 during trading on Wednesday, reaching $59.80. 336,170 shares of the company were exchanged, compared to its average volume of 696,427. The business's fifty day simple moving average is $50.98 and its 200-day simple moving average is $54.20. Everus Construction Group, Inc. has a 12-month low of $31.38 and a 12-month high of $77.93. 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 (NYSE:ECG - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.29. The business had revenue of $826.63 million for the quarter, compared to analyst estimates of $676.35 million. Everus Construction Group had a net margin of 4.98% and a return on equity of 33.27%. Everus Construction Group's revenue for the quarter was up 32.1% on a year-over-year basis. On average, equities analysts anticipate that Everus Construction Group, Inc. will post 2.49 earnings per share for the current year.

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.