Everus Construction Group, Inc. $ECG Stock Holdings Decreased by Nixon Capital LLC

Nixon Capital LLC trimmed its position in Everus Construction Group, Inc. (NYSE:ECG) by 63.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 111,895 shares of the company’s stock after selling 192,553 shares during the period. Everus Construction Group accounts for about 2.9% of Nixon Capital LLC’s investment portfolio, making the stock its 16th biggest holding. Nixon Capital LLC owned about 0.22% of Everus Construction Group worth $9,595,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its holdings in Everus Construction Group by 105.3% in the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock worth $25,000 after purchasing an additional 198 shares during the period. Signaturefd LLC grew its stake in Everus Construction Group by 91.6% during the 2nd quarter. Signaturefd LLC now owns 435 shares of the company’s stock worth $28,000 after buying an additional 208 shares during the last quarter. Country Trust Bank bought a new position in Everus Construction Group during the 2nd quarter worth $31,000. Salomon & Ludwin LLC acquired a new stake in Everus Construction Group in the third quarter worth $33,000. Finally, GHP Investment Advisors Inc. bought a new stake in Everus Construction Group in the second quarter valued at $37,000.

Everus Construction Group Stock Performance

Shares of NYSE ECG opened at $85.34 on Monday. Everus Construction Group, Inc. has a 1 year low of $31.38 and a 1 year high of $103.08. The firm has a market cap of $4.35 billion, a P/E ratio of 24.18 and a beta of 3.84. The stock has a fifty day moving average price of $90.25 and a two-hundred day moving average price of $81.77. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.76.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.49. Everus Construction Group had a return on equity of 36.74% and a net margin of 5.18%.The business had revenue of $986.82 million during the quarter, compared to analyst estimates of $830.60 million. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The company’s revenue was up 29.7% on a year-over-year basis. Research analysts forecast that Everus Construction Group, Inc. will post 2.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ECG shares. Zacks Research downgraded shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Wall Street Zen raised Everus Construction Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Oppenheimer restated an “outperform” rating and issued a $105.00 target price on shares of Everus Construction Group in a research report on Thursday, November 6th. DA Davidson set a $102.00 target price on Everus Construction Group in a research note on Thursday, November 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Everus Construction Group in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $100.33.

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. Everus Construction Group is based in BISMARCK, N.D.