Principal Financial Group Inc. Sells 206,544 Shares of Everus Construction Group, Inc. $ECG

Principal Financial Group Inc. trimmed its holdings in shares of Everus Construction Group, Inc. (NYSE:ECG) by 45.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 244,686 shares of the company’s stock after selling 206,544 shares during the period. Principal Financial Group Inc. owned approximately 0.48% of Everus Construction Group worth $20,982,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ECG. Geneos Wealth Management Inc. raised its stake in Everus Construction Group by 105.3% during the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after buying an additional 198 shares during the last quarter. Salomon & Ludwin LLC purchased a new position in shares of Everus Construction Group in the 3rd quarter worth about $33,000. Country Trust Bank bought a new position in Everus Construction Group in the 2nd quarter worth about $31,000. GHP Investment Advisors Inc. bought a new stake in Everus Construction Group during the 2nd quarter valued at about $37,000. Finally, Quent Capital LLC bought a new stake in Everus Construction Group during the 3rd quarter valued at about $53,000.

Everus Construction Group Price Performance

Shares of NYSE:ECG opened at $97.24 on Monday. The company has a quick ratio of 1.69, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $4.96 billion, a PE ratio of 27.55 and a beta of 3.84. The firm’s 50 day moving average price is $90.21 and its 200-day moving average price is $85.19. Everus Construction Group, Inc. has a twelve month low of $31.38 and a twelve month high of $103.08.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ECG shares. Cantor Fitzgerald began 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 for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everus Construction Group in a research report on Thursday, January 22nd. Wall Street Zen lowered Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 price target on shares of Everus Construction Group in a report on Thursday, November 6th. Finally, Zacks Research cut shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $102.75.

Everus Construction Group 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.