Gamco Investors INC. ET AL Cuts Stock Position in Everus Construction Group, Inc. $ECG

Gamco Investors INC. ET AL cut its holdings in shares of Everus Construction Group, Inc. (NYSE:ECG) by 18.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,791 shares of the company’s stock after selling 17,383 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Everus Construction Group were worth $6,413,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Geneos Wealth Management Inc. boosted its stake in shares of Everus Construction Group by 105.3% in the second 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 period. Bessemer Group Inc. grew its position in shares of Everus Construction Group by 68.2% during the third quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock worth $29,000 after purchasing an additional 137 shares in the last quarter. Country Trust Bank bought a new stake in Everus Construction Group during the 2nd quarter valued at approximately $31,000. Salomon & Ludwin LLC bought a new stake in Everus Construction Group during the 3rd quarter valued at approximately $33,000. Finally, Quent Capital LLC purchased a new position in Everus Construction Group in the 3rd quarter worth approximately $53,000.

Everus Construction Group Stock Down 1.3%

Shares of ECG opened at $110.55 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.76 and a quick ratio of 1.70. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 28.06 and a beta of 3.24. Everus Construction Group, Inc. has a 1 year low of $31.38 and a 1 year high of $137.64. The business’s 50 day simple moving average is $97.68 and its 200-day simple moving average is $90.25.

Everus Construction Group (NYSE:ECG) last posted its earnings results on Tuesday, February 24th. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.36. Everus Construction Group had a net margin of 5.39% and a return on equity of 37.06%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $879.57 million. During the same period last year, the firm posted $0.67 earnings per share. Everus Construction Group’s revenue for the quarter was up 33.0% compared to the same quarter last year. As a group, equities analysts expect that Everus Construction Group, Inc. will post 2.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on ECG. Cantor Fitzgerald initiated coverage on Everus Construction Group in a research note on Friday, January 23rd. They issued a “neutral” rating and a $97.00 price target for the company. Stifel Nicolaus lowered their target price on shares of Everus Construction Group from $110.00 to $107.00 and set a “buy” rating on the stock in a report on Monday, January 26th. Weiss Ratings restated a “hold (c)” rating on shares of Everus Construction Group in a research report on Thursday, January 22nd. Zacks Research raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Finally, Guggenheim assumed coverage on shares of Everus Construction Group in a report on Thursday, January 22nd. They issued a “neutral” rating on the stock. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Everus Construction Group has a consensus rating of “Moderate Buy” and an average target price of $102.75.

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.