Everus Construction Group (NYSE:ECG) Stock Rating Lowered by Wall Street Zen

Everus Construction Group (NYSE:ECG) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

A number of other research firms have also recently commented on ECG. Guggenheim assumed coverage on Everus Construction Group in a research report on Thursday, January 22nd. They set a “neutral” rating for the company. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 price target on shares of Everus Construction Group in a research report on Thursday, November 6th. Cantor Fitzgerald started coverage on shares of Everus Construction Group in a report on Friday, January 23rd. They issued a “neutral” rating and a $97.00 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Everus Construction Group in a research report on Thursday, January 22nd. Finally, Stifel Nicolaus reduced their target price on shares of Everus Construction Group from $110.00 to $107.00 and set a “buy” rating for the company in a report on Monday, January 26th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Everus Construction Group currently has an average rating of “Hold” and a consensus price target of $102.75.

Everus Construction Group Trading Up 9.3%

NYSE:ECG opened at $97.24 on Friday. The company has a market cap of $4.96 billion, a PE ratio of 27.55 and a beta of 3.84. The company has a current ratio of 1.76, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The company has a 50 day simple moving average of $90.21 and a two-hundred day simple moving average of $85.19. Everus Construction Group has a 12 month low of $31.38 and a 12 month high of $103.08.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ECG. EverSource Wealth Advisors LLC boosted its holdings in Everus Construction Group by 38.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 979 shares of the company’s stock worth $84,000 after buying an additional 270 shares during the period. Legato Capital Management LLC lifted its position in shares of Everus Construction Group by 9.9% in the fourth quarter. Legato Capital Management LLC now owns 12,161 shares of the company’s stock valued at $1,040,000 after acquiring an additional 1,095 shares in the last quarter. Sierra Summit Advisors LLC purchased a new position in shares of Everus Construction Group in the fourth quarter valued at about $808,000. GSA Capital Partners LLP bought a new position in shares of Everus Construction Group in the fourth quarter worth about $924,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Everus Construction Group by 147,209.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,260,973 shares of the company’s stock worth $107,889,000 after purchasing an additional 1,260,117 shares in the last quarter.

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.