Everus Construction Group, Inc. $ECG Shares Bought by Convergence Investment Partners LLC

Convergence Investment Partners LLC lifted its stake in shares of Everus Construction Group, Inc. (NYSE:ECG) by 39.0% during the first quarter, Holdings Channel.com reports. The firm owned 18,505 shares of the company’s stock after acquiring an additional 5,196 shares during the period. Convergence Investment Partners LLC’s holdings in Everus Construction Group were worth $2,185,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Parallel Advisors LLC lifted its holdings in Everus Construction Group by 6.7% in the first quarter. Parallel Advisors LLC now owns 1,200 shares of the company’s stock worth $142,000 after purchasing an additional 75 shares during the period. Root Financial Partners LLC increased its stake in Everus Construction Group by 126.0% during the 1st quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock valued at $26,000 after buying an additional 121 shares during the period. GAMMA Investing LLC increased its stake in Everus Construction Group by 12.6% during the 4th quarter. GAMMA Investing LLC now owns 1,286 shares of the company’s stock valued at $110,000 after buying an additional 144 shares during the period. Maryland State Retirement & Pension System raised its position in shares of Everus Construction Group by 1.4% during the 4th quarter. Maryland State Retirement & Pension System now owns 10,379 shares of the company’s stock worth $888,000 after buying an additional 146 shares in the last quarter. Finally, DMKC Advisory Services LLC raised its position in shares of Everus Construction Group by 4.2% during the 4th quarter. DMKC Advisory Services LLC now owns 3,762 shares of the company’s stock worth $322,000 after buying an additional 150 shares in the last quarter.

Everus Construction Group Trading Down 1.3%

NYSE ECG opened at $131.48 on Tuesday. The firm’s 50 day moving average price is $148.81 and its two-hundred day moving average price is $125.49. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.71 and a current ratio of 1.77. Everus Construction Group, Inc. has a twelve month low of $65.27 and a twelve month high of $171.58. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 30.16 and a beta of 2.23.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.14 EPS 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 analyst estimates of $933.81 million. Everus Construction Group had a return on equity of 37.17% and a net margin of 5.65%.The business’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period last year, the company posted $0.72 EPS. Equities analysts anticipate that Everus Construction Group, Inc. will post 4.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on ECG. Oppenheimer began coverage on shares of Everus Construction Group in a research note on Thursday, May 28th. They set an “outperform” rating and a $185.00 price objective on the stock. Weiss Ratings upgraded Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Freedom Capital lowered Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Guggenheim upgraded Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Thursday, April 30th. Finally, Zacks Research raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $155.67.

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.