Everus Construction Group (NYSE:ECG) Hits New 1-Year High – What’s Next?

Everus Construction Group, Inc. (NYSE:ECG)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $109.32 and last traded at $108.27, with a volume of 67156 shares traded. The stock had previously closed at $104.53.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wall Street Zen lowered Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Cantor Fitzgerald started coverage on Everus Construction Group in a research report on Friday, January 23rd. They set a “neutral” rating and a $97.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of Everus Construction Group in a report on Thursday, January 22nd. Stifel Nicolaus reduced their target price on shares of Everus Construction Group from $110.00 to $107.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $105.00 price target on shares of Everus Construction Group in a research note on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $102.75.

Everus Construction Group Stock Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.69. The business has a 50 day moving average price of $92.21 and a 200 day moving average price of $87.22. The stock has a market capitalization of $5.51 billion, a PE ratio of 30.62 and a beta of 3.84.

Institutional Trading of Everus Construction Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in shares of Everus Construction Group by 155.0% in the first 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 in the last quarter. Millennium Management LLC raised its holdings in 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 acquiring an additional 73,128 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in 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 acquiring an additional 76,252 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in 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 valued at $5,207,000 after acquiring an additional 34,868 shares in the last quarter. Finally, Jane Street Group LLC boosted 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.

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.