US Bancorp DE Lowers Stock Holdings in Everus Construction Group, Inc. $ECG

US Bancorp DE cut its stake in shares of Everus Construction Group, Inc. (NYSE:ECG) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 410,671 shares of the company’s stock after selling 6,170 shares during the quarter. US Bancorp DE owned approximately 0.81% of Everus Construction Group worth $35,215,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of ECG. Geneos Wealth Management Inc. raised its position in Everus Construction Group by 105.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after purchasing an additional 198 shares in the last quarter. Bessemer Group Inc. grew 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 worth $29,000 after buying an additional 137 shares in the last quarter. Country Trust Bank purchased a new position in shares of Everus Construction Group during the second quarter valued at $31,000. Salomon & Ludwin LLC bought a new stake in shares of Everus Construction Group in the third quarter valued at about $33,000. Finally, GHP Investment Advisors Inc. purchased a new stake in Everus Construction Group in the second quarter worth about $37,000.

Analysts Set New Price Targets

A number of research analysts have commented on ECG shares. Wall Street Zen downgraded shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Everus Construction Group in a report on Thursday, January 22nd. Cantor Fitzgerald started coverage on shares of Everus Construction Group in a research note on Friday, January 23rd. They issued a “neutral” rating and a $97.00 price objective for the company. Oppenheimer restated an “outperform” rating and set a $105.00 target price on shares of Everus Construction Group in a report on Thursday, November 6th. Finally, DA Davidson reiterated a “neutral” rating and issued a $102.00 price target on shares of Everus Construction Group in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $102.75.

Everus Construction Group Stock Performance

Shares of ECG stock opened at $120.59 on Friday. Everus Construction Group, Inc. has a 12-month low of $31.38 and a 12-month high of $137.64. The business’s fifty day simple moving average is $95.14 and its 200-day simple moving average is $88.69. The company has a current ratio of 1.76, a quick ratio of 1.69 and a debt-to-equity ratio of 0.42. The company has a market cap of $6.15 billion, a PE ratio of 30.61 and a beta of 3.84.

Everus Construction Group (NYSE:ECG) last announced its earnings results on Tuesday, February 24th. The company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.36. Everus Construction Group had a return on equity of 37.06% and a net margin of 5.39%.The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $879.57 million. During the same period in the previous year, the business earned $0.67 EPS. The firm’s revenue for the quarter was up 33.0% on a year-over-year basis. Analysts expect that Everus Construction Group, Inc. will post 2.49 earnings per share for the current fiscal year.

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.