Brokerages Set Everus Construction Group, Inc. (NYSE:ECG) Price Target at $100.33

Shares of Everus Construction Group, Inc. (NYSE:ECG) have received an average rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $100.3333.

Several research firms have recently issued reports on ECG. Stifel Nicolaus raised their price objective on shares of Everus Construction Group from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Wall Street Zen upgraded Everus Construction Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Zacks Research cut Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Guggenheim started coverage on Everus Construction Group in a research note on Thursday. They issued a “neutral” rating on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Everus Construction Group in a report on Wednesday, October 8th.

Everus Construction Group Price Performance

Shares of ECG opened at $91.79 on Friday. Everus Construction Group has a one year low of $31.38 and a one year high of $103.08. The stock’s fifty day moving average is $89.28 and its 200-day moving average is $83.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.76. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 26.00 and a beta of 3.84.

Everus Construction Group (NYSE:ECG) last announced its earnings results on Tuesday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.49. Everus Construction Group had a net margin of 5.18% and a return on equity of 36.74%. The firm 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 EPS. Everus Construction Group’s revenue was up 29.7% compared to the same quarter last year. Equities analysts anticipate that Everus Construction Group will post 2.49 EPS for the current year.

Institutional Trading of Everus Construction Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sound Income Strategies LLC bought a new stake in Everus Construction Group during the fourth quarter worth approximately $28,000. Bessemer Group Inc. lifted its position in shares of Everus Construction Group by 68.2% during the 3rd quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock valued at $29,000 after acquiring an additional 137 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of Everus Construction Group during the 4th quarter worth $30,000. Geneos Wealth Management Inc. grew its holdings in shares of Everus Construction Group by 105.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock worth $25,000 after acquiring an additional 198 shares during the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in shares of Everus Construction Group in the 3rd quarter worth $33,000.

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