Everus Construction Group (NYSE:ECG) Given New $83.00 Price Target at Stifel Nicolaus

Everus Construction Group (NYSE:ECG - Free Report) had its price objective boosted by Stifel Nicolaus from $71.00 to $83.00 in a report released on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Separately, DA Davidson increased 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.

Everus Construction Group Stock Performance

Everus Construction Group stock traded up $1.66 during mid-day trading on Friday, hitting $69.00. The company had a trading volume of 294,707 shares, compared to its average volume of 667,279. Everus Construction Group has a 12-month low of $31.38 and a 12-month high of $77.93. The company has a current ratio of 1.78, a quick ratio of 1.69 and a debt-to-equity ratio of 0.60. The company's fifty day moving average is $59.21 and its 200-day moving average is $53.73.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new position in Everus Construction Group in the 1st quarter valued at $716,000. Asset Management One Co. Ltd. increased 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 worth $2,630,000 after acquiring an additional 24,263 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Everus Construction Group in the 4th quarter worth $1,192,000. Oppenheimer & Co. Inc. increased 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 worth $862,000 after acquiring an additional 13,757 shares during the last quarter. Finally, GAMMA Investing LLC increased 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 worth $990,000 after acquiring an additional 26,523 shares during the last quarter.

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.