MSH Capital Advisors LLC Invests $204,000 in Everus Construction Group, Inc. $ECG

MSH Capital Advisors LLC bought a new position in shares of Everus Construction Group, Inc. (NYSE:ECG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,208 shares of the company’s stock, valued at approximately $204,000.

A number of other large investors also recently made changes to their positions in ECG. Westwood Holdings Group Inc. bought a new position in shares of Everus Construction Group during the first quarter worth approximately $75,089,000. Alliancebernstein L.P. grew its position in Everus Construction Group by 58.2% during the first quarter. Alliancebernstein L.P. now owns 1,278,096 shares of the company’s stock worth $47,405,000 after buying an additional 470,025 shares in the last quarter. Swedbank AB acquired a new stake in Everus Construction Group during the second quarter worth approximately $19,059,000. Victory Capital Management Inc. boosted its holdings in shares of Everus Construction Group by 2,050.4% in the 1st quarter. Victory Capital Management Inc. now owns 260,752 shares of the company’s stock valued at $9,671,000 after purchasing an additional 248,626 shares in the last quarter. Finally, Rudius Management LP acquired a new stake in shares of Everus Construction Group in the 1st quarter valued at $7,520,000.

Everus Construction Group Trading Up 2.0%

NYSE ECG opened at $87.75 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.53. Everus Construction Group, Inc. has a twelve month low of $31.38 and a twelve month high of $90.00. The company has a market cap of $4.48 billion and a price-to-earnings ratio of 27.08. The business’s fifty day moving average is $78.08 and its 200 day moving average is $62.32.

Everus Construction Group (NYSE:ECG) last released its quarterly earnings data on Tuesday, August 12th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.42. Everus Construction Group had a return on equity of 35.83% and a net margin of 5.07%.The company had revenue of $921.47 million for the quarter, compared to the consensus estimate of $749.12 million. The business’s revenue for the quarter was up 31.0% on a year-over-year basis. Everus Construction Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Everus Construction Group, Inc. will post 2.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ECG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everus Construction Group in a report on Wednesday. Wall Street Zen downgraded Everus Construction Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 14th. Zacks Research raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 14th. Oppenheimer set a $90.00 target price on Everus Construction Group and gave the company an “outperform” rating in a report on Tuesday. Finally, Stifel Nicolaus raised their target price on Everus Construction Group from $88.00 to $94.00 and gave the company a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Everus Construction Group currently has an average rating of “Moderate Buy” and an average target price of $90.67.

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.