Everus Construction Group (NYSE:ECG) VP Paul Sanderson Sells 3,300 Shares of Stock

Everus Construction Group, Inc. (NYSE:ECG) VP Paul Sanderson sold 3,300 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $136.69, for a total transaction of $451,077.00. Following the sale, the vice president directly owned 18,950 shares of the company’s stock, valued at approximately $2,590,275.50. The trade was a 14.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Everus Construction Group Stock Up 2.0%

Shares of Everus Construction Group stock opened at $134.59 on Wednesday. The firm’s 50 day moving average price is $142.14 and its 200-day moving average price is $130.25. The company has a quick ratio of 1.53, a current ratio of 1.59 and a debt-to-equity ratio of 0.34. Everus Construction Group, Inc. has a 52-week low of $70.93 and a 52-week high of $171.58. The company has a market cap of $6.87 billion, a P/E ratio of 27.08 and a beta of 2.37.

Everus Construction Group (NYSE:ECG) last posted its earnings results on Tuesday, August 4th. The company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.50. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Everus Construction Group had a net margin of 5.96% and a return on equity of 38.22%. Everus Construction Group’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.03 earnings per share. On average, sell-side analysts predict that Everus Construction Group, Inc. will post 5.23 EPS for the current fiscal year.

Analyst Ratings Changes

ECG has been the subject of several analyst reports. Freedom Capital upgraded Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Oppenheimer reaffirmed an “outperform” rating and set a $200.00 target price on shares of Everus Construction Group in a research report on Thursday, August 6th. Stifel Nicolaus set a $172.00 price target on Everus Construction Group in a research note on Friday, May 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Everus Construction Group in a report on Tuesday, August 4th. Finally, Zacks Research lowered Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $162.17.

Institutional Investors Weigh In On Everus Construction Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its position 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 valued at $1,811,000 after acquiring an additional 29,689 shares during the period. Millennium Management LLC lifted its position in Everus Construction Group by 42.7% during the 1st quarter. Millennium Management LLC now owns 244,421 shares of the company’s stock worth $9,066,000 after acquiring an additional 73,128 shares during the period. Goldman Sachs Group Inc. lifted its position in Everus Construction Group by 74.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 178,790 shares of the company’s stock worth $6,631,000 after acquiring an additional 76,252 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Everus Construction Group by 33.0% during 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 valued at $5,207,000 after purchasing an additional 34,868 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in Everus Construction Group by 184.4% during the 1st quarter. Jane Street Group LLC now owns 71,323 shares of the company’s stock valued at $2,645,000 after purchasing an additional 46,247 shares during the last quarter.

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.