Everus Construction Group (NYSE:ECG) Director David Sparby Purchases 1,000 Shares of Stock

Everus Construction Group, Inc. (NYSE:ECG) Director David Sparby purchased 1,000 shares of Everus Construction Group stock in a transaction dated Monday, August 17th. The shares were purchased at an average cost of $144.95 per share, for a total transaction of $144,950.00. Following the completion of the transaction, the director owned 19,658 shares of the company’s stock, valued at approximately $2,849,427.10. This represents a 5.36% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Everus Construction Group Trading Down 6.8%

Shares of ECG stock traded down $9.72 on Tuesday, hitting $133.68. The stock had a trading volume of 70,001 shares, compared to its average volume of 641,249. The company has a current ratio of 1.59, a quick ratio of 1.53 and a debt-to-equity ratio of 0.34. Everus Construction Group, Inc. has a twelve month low of $72.43 and a twelve month high of $171.58. The company has a fifty day moving average price of $141.20 and a two-hundred day moving average price of $131.62. The firm has a market cap of $6.83 billion, a P/E ratio of 26.82 and a beta of 2.37.

Everus Construction Group (NYSE:ECG) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.14 by $0.50. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.08 billion. Everus Construction Group had a return on equity of 38.22% and a net margin of 5.96%.The firm’s revenue was up 33.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS. As a group, analysts forecast that Everus Construction Group, Inc. will post 5.23 earnings per share for the current fiscal year.

Institutional Trading of Everus Construction Group

A number of institutional investors have recently made changes to their positions in ECG. Geneos Wealth Management Inc. boosted its holdings in Everus Construction Group by 105.3% during the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock worth $25,000 after purchasing an additional 198 shares during the last quarter. Root Financial Partners LLC increased its stake in Everus Construction Group by 126.0% in 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 last quarter. Global Retirement Partners LLC acquired a new stake in Everus Construction Group in the 2nd quarter valued at $28,000. Jones Financial Companies Lllp acquired a new stake in Everus Construction Group in the 2nd quarter valued at $36,000. Finally, McMillan Office Inc. bought a new stake in Everus Construction Group during the 4th quarter worth about $43,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ECG. Freedom Capital raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Cantor Fitzgerald decreased their price objective on Everus Construction Group from $174.00 to $152.00 and set a “neutral” rating for the company in a research report on Thursday, August 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Everus Construction Group in a research note on Tuesday, August 4th. Oppenheimer reissued an “outperform” rating and set a $200.00 price objective on shares of Everus Construction Group in a research report on Thursday, August 6th. Finally, Zacks Research lowered shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Everus Construction Group has an average rating of “Moderate Buy” and a consensus target price of $158.50.

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.