Everus Construction Group, Inc. $ECG Holdings Decreased by Victory Capital Management Inc.

Victory Capital Management Inc. cut its position in shares of Everus Construction Group, Inc. (NYSE:ECG) by 53.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 714,488 shares of the company’s stock after selling 816,877 shares during the period. Victory Capital Management Inc.’s holdings in Everus Construction Group were worth $61,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. lifted its position 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 buying an additional 198 shares during 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 valued at $29,000 after buying an additional 137 shares during the last quarter. Country Trust Bank acquired a new stake in Everus Construction Group during the second quarter worth about $31,000. Salomon & Ludwin LLC acquired a new stake in Everus Construction Group during the third quarter worth about $33,000. Finally, Quent Capital LLC bought a new position in Everus Construction Group in the third quarter worth about $53,000.

Analyst Ratings Changes

A number of analysts have recently weighed in on ECG shares. DA Davidson reiterated a “neutral” rating and set a $102.00 price target on shares of Everus Construction Group in a research report on Wednesday, February 25th. Zacks Research upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. 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. Guggenheim began coverage on shares of Everus Construction Group in a research report on Thursday, January 22nd. They issued a “neutral” rating for the company. Finally, Stifel Nicolaus cut their price target on Everus Construction Group from $110.00 to $107.00 and set a “buy” rating on the stock in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $102.75.

Everus Construction Group Stock Down 1.3%

Everus Construction Group stock opened at $110.55 on Friday. Everus Construction Group, Inc. has a 52 week low of $31.38 and a 52 week high of $137.64. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of 28.06 and a beta of 3.27. The company’s 50-day moving average price is $97.68 and its two-hundred day moving average price is $90.04. The company has a current ratio of 1.76, a quick ratio of 1.70 and a debt-to-equity ratio of 0.42.

Everus Construction Group (NYSE:ECG) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $879.57 million. During the same quarter in the previous year, the business earned $0.67 EPS. The company’s quarterly revenue was up 33.0% compared to the same quarter last year. On average, analysts expect that Everus Construction Group, Inc. will post 2.49 EPS for the current fiscal year.

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.