Everus Construction Group (NYSE:ECG) Stock Price Target Lowered at Stifel Nicolaus

Everus Construction Group (NYSE:ECG) had its price objective cut by analysts at Stifel Nicolaus from $172.00 to $139.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus‘s price objective points to a potential upside of 64.44% from the stock’s current price.

Several other equities analysts have also recently issued reports on ECG. Zacks Research raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Friday. DA Davidson initiated coverage on Everus Construction Group in a report on Friday, August 21st. They set a “buy” rating and a $168.00 price target on the stock. Wall Street Zen upgraded Everus Construction Group from a “buy” rating to a “strong-buy” rating in a report on Saturday. Cantor Fitzgerald lowered their target price on shares of Everus Construction Group from $152.00 to $123.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Guggenheim boosted their price objective on shares of Everus Construction Group from $160.00 to $184.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $154.17.

Everus Construction Group Stock Performance

Shares of ECG stock opened at $84.53 on Tuesday. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 14.96 and a beta of 2.36. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.53 and a current ratio of 1.53. Everus Construction Group has a one year low of $70.44 and a one year high of $171.58. The company’s 50-day moving average is $110.85 and its 200 day moving average is $125.16.

Everus Construction Group (NYSE:ECG) last issued its earnings results on Tuesday, November 3rd. The company reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.48. Everus Construction Group had a net margin of 6.20% and a return on equity of 39.18%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the firm posted $1.11 earnings per share. The business’s revenue was up 40.3% on a year-over-year basis. Sell-side analysts expect that Everus Construction Group will post 5.55 EPS for the current fiscal year.

Insider Activity

In other Everus Construction Group news, Director David Sparby bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was bought 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 $2,849,427.10. This represents a 5.36% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On Everus Construction Group

Large investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its position in Everus Construction Group by 28.8% during the third quarter. HighTower Advisors LLC now owns 11,541 shares of the company’s stock valued at $1,356,000 after purchasing an additional 2,581 shares during the last quarter. Virtus Advisers LLC lifted its holdings in shares of Everus Construction Group by 74.7% in the 3rd quarter. Virtus Advisers LLC now owns 11,554 shares of the company’s stock valued at $1,358,000 after acquiring an additional 4,942 shares during the last quarter. Russell Investments Group Ltd. grew its position in Everus Construction Group by 5.4% in the third quarter. Russell Investments Group Ltd. now owns 98,562 shares of the company’s stock worth $11,583,000 after acquiring an additional 5,080 shares in the last quarter. Maryland State Retirement & Pension System lifted its stake in shares of Everus Construction Group by 39.8% in the 3rd quarter. Maryland State Retirement & Pension System now owns 13,948 shares of the company’s stock valued at $1,639,000 after purchasing an additional 3,971 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in shares of Everus Construction Group by 24.5% in the 3rd quarter. Ritholtz Wealth Management now owns 2,720 shares of the company’s stock worth $320,000 after purchasing an additional 535 shares during the period.

About Everus Construction Group

Everus Construction Group provides construction services for commercial, industrial, institutional and utility customers. Its work includes electrical and mechanical construction, fire protection, and the building and maintenance of infrastructure for energy and utility systems.

The company also performs utility and civil construction, including work on electric transmission and distribution lines, underground utilities, pipelines, water and sewer systems, and transportation-related infrastructure.

Everus is headquartered in Bismarck, North Dakota, and serves customers across the United States, with operations concentrated in the central and western regions.