Legal & General Group Plc Sells 3,381 Shares of Everus Construction Group, Inc. $ECG

Legal & General Group Plc lowered its holdings in shares of Everus Construction Group, Inc. (NYSE:ECG) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 127,510 shares of the company’s stock after selling 3,381 shares during the quarter. Legal & General Group Plc’s holdings in Everus Construction Group were worth $10,910,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of ECG. Geneos Wealth Management Inc. lifted its position 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 purchasing an additional 198 shares during the last quarter. Sound Income Strategies LLC bought a new stake in shares of Everus Construction Group in the 4th quarter worth about $28,000. Bessemer Group Inc. lifted its holdings in shares of Everus Construction Group by 68.2% in the 3rd quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock worth $29,000 after acquiring an additional 137 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of Everus Construction Group in the 4th quarter worth about $30,000. Finally, Signaturefd LLC lifted its holdings in shares of Everus Construction Group by 103.1% in the 4th quarter. Signaturefd LLC now owns 721 shares of the company’s stock worth $62,000 after acquiring an additional 366 shares during the last quarter.

Everus Construction Group Trading Up 0.7%

Shares of ECG opened at $151.81 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.77 and a quick ratio of 1.71. The firm has a market capitalization of $7.75 billion, a price-to-earnings ratio of 34.82 and a beta of 2.32. The company has a 50-day moving average of $139.70 and a 200 day moving average of $112.06. Everus Construction Group, Inc. has a 1-year low of $58.00 and a 1-year high of $171.58.

Everus Construction Group (NYSE:ECG) last posted its earnings results on Tuesday, May 5th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.33. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $933.81 million. Everus Construction Group had a net margin of 5.65% and a return on equity of 37.17%. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. On average, research analysts expect that Everus Construction Group, Inc. will post 4.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ECG shares. Cantor Fitzgerald raised their target price on shares of Everus Construction Group from $115.00 to $174.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Stifel Nicolaus set a $172.00 target price on shares of Everus Construction Group in a report on Friday, May 8th. Weiss Ratings upgraded shares of Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Glj Research started coverage on shares of Everus Construction Group in a report on Monday, April 20th. They issued a “hold” rating and a $141.00 target price for the company. Finally, DA Davidson restated a “neutral” rating and issued a $102.00 target price on shares of Everus Construction Group in a report on Wednesday, February 25th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $155.67.

About Everus Construction Group

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.