Wealth Enhancement Advisory Services LLC Takes Position in Everus Construction Group, Inc. $ECG

Key Points

• Wealth Enhancement Advisory Services LLC acquired a new stake in Everus Construction Group, purchasing 5,511 shares valued at approximately $359,000 in the second quarter.
• Wall Street analysts have set a target price for Everus Construction Group, with Oppenheimer rating it as "outperform" at $90.00 and Stifel Nicolaus boosting their target from $83.00 to $88.00.
• Everus Construction Group reported a 31% increase in revenue year-over-year, posting earnings of $1.03 per share, significantly surpassing analysts' expectations of $0.61.

Wealth Enhancement Advisory Services LLC bought a new stake in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,511 shares of the company's stock, valued at approximately $359,000.

Several other hedge funds also recently bought and sold shares of ECG. Swedbank AB bought a new stake in Everus Construction Group during the 2nd quarter valued at approximately $19,059,000. Parallel Advisors LLC increased its stake in shares of Everus Construction Group by 64.4% in the 2nd quarter. Parallel Advisors LLC now owns 1,080 shares of the company's stock valued at $69,000 after buying an additional 423 shares during the period. Fractal Investments LLC acquired a new stake in shares of Everus Construction Group during the second quarter worth $311,000. Goldman Sachs Group Inc. grew its stake 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 worth $6,631,000 after purchasing an additional 76,252 shares during the period. Finally, Voya Investment Management LLC grew its stake in shares of Everus Construction Group by 18.4% during the first quarter. Voya Investment Management LLC now owns 12,417 shares of the company's stock worth $461,000 after purchasing an additional 1,930 shares during the period.

Wall Street Analysts Forecast Growth

ECG has been the subject of a number of research analyst reports. Oppenheimer set a $90.00 target price on Everus Construction Group and gave the company an "outperform" rating in a research note on Tuesday. Stifel Nicolaus boosted their price target on Everus Construction Group from $83.00 to $88.00 and gave the stock a "buy" rating in a research report on Thursday, September 11th. Wall Street Zen downgraded Everus Construction Group from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 14th. Zacks Research upgraded Everus Construction Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. Finally, DA Davidson increased their price target on Everus Construction Group from $68.00 to $88.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $88.67.

Everus Construction Group Price Performance

Everus Construction Group stock opened at $82.68 on Wednesday. Everus Construction Group, Inc. has a 52 week low of $31.38 and a 52 week high of $90.00. The company's 50 day moving average price is $77.59 and its two-hundred day moving average price is $61.83. The company has a quick ratio of 1.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.53. The stock has a market cap of $4.22 billion and a P/E ratio of 25.52.

Everus Construction Group (NYSE:ECG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.42. The company had revenue of $921.47 million for the quarter, compared to analysts' expectations of $749.12 million. Everus Construction Group had a net margin of 5.07% and a return on equity of 35.83%. The company's revenue for the quarter was up 31.0% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. On average, equities analysts predict that Everus Construction Group, Inc. will post 2.49 earnings per share 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.

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