WINTON GROUP Ltd Lowers Holdings in Everus Construction Group, Inc. $ECG

WINTON GROUP Ltd trimmed its position in Everus Construction Group, Inc. (NYSE:ECG) by 22.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 113,133 shares of the company’s stock after selling 32,069 shares during the quarter. WINTON GROUP Ltd owned 0.22% of Everus Construction Group worth $9,680,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ECG. Royal Bank of Canada lifted its holdings in shares of Everus Construction Group by 155.0% in the 1st quarter. Royal Bank of Canada now owns 48,839 shares of the company’s stock worth $1,811,000 after buying an additional 29,689 shares during the period. Millennium Management LLC lifted its holdings in shares of Everus Construction Group by 42.7% in the 1st quarter. Millennium Management LLC now owns 244,421 shares of the company’s stock worth $9,066,000 after buying an additional 73,128 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Everus Construction Group by 74.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 178,790 shares of the company’s stock worth $6,631,000 after buying an additional 76,252 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Everus Construction Group by 33.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 140,397 shares of the company’s stock worth $5,207,000 after buying an additional 34,868 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of Everus Construction Group by 184.4% in the 1st quarter. Jane Street Group LLC now owns 71,323 shares of the company’s stock worth $2,645,000 after buying an additional 46,247 shares during the period.

Everus Construction Group Trading Down 3.2%

Shares of NYSE ECG opened at $149.76 on Friday. 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 stock has a market capitalization of $7.64 billion, a P/E ratio of 34.35 and a beta of 2.32. Everus Construction Group, Inc. has a 1-year low of $58.00 and a 1-year high of $171.58. The business has a fifty day moving average price of $140.91 and a 200 day moving average price of $112.78.

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

Analysts Set New Price Targets

Several brokerages have weighed in on ECG. Wall Street Zen cut Everus Construction Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Zacks Research cut Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Oppenheimer started coverage on Everus Construction Group in a research note on Thursday, May 28th. They set an “outperform” rating and a $185.00 price objective for the company. Weiss Ratings upgraded Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Finally, Guggenheim upgraded Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Everus Construction Group presently has a consensus rating of “Hold” and a consensus target price of $155.67.

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.