Range Financial Group LLC Invests $1.15 Million in Everus Construction Group, Inc. $ECG

Range Financial Group LLC acquired a new stake in Everus Construction Group, Inc. (NYSE:ECG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,395 shares of the company’s stock, valued at approximately $1,146,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ECG. Capital International Investors purchased a new stake in Everus Construction Group during the third quarter worth approximately $165,993,000. Invesco Ltd. boosted its position in shares of Everus Construction Group by 86.4% in the 3rd quarter. Invesco Ltd. now owns 1,795,730 shares of the company’s stock valued at $153,984,000 after purchasing an additional 832,389 shares during the period. Alliancebernstein L.P. grew its stake in Everus Construction Group by 5.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,350,871 shares of the company’s stock worth $85,821,000 after buying an additional 72,775 shares during the last quarter. Frontier Capital Management Co. LLC grew its stake in Everus Construction Group by 4.5% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 547,056 shares of the company’s stock worth $34,754,000 after buying an additional 23,716 shares during the last quarter. Finally, Swedbank AB increased its position in Everus Construction Group by 66.7% during the third quarter. Swedbank AB now owns 500,000 shares of the company’s stock worth $42,875,000 after buying an additional 200,000 shares during the period.

Analyst Ratings Changes

ECG has been the subject of several research analyst reports. Wall Street Zen downgraded Everus Construction Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Guggenheim initiated coverage on shares of Everus Construction Group in a report on Thursday, January 22nd. They issued a “neutral” rating on the stock. Stifel Nicolaus reduced their price target on shares of Everus Construction Group from $110.00 to $107.00 and set a “buy” rating for the company in a research report on Monday, January 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Everus Construction Group in a research note on Thursday, January 22nd. Finally, Cantor Fitzgerald initiated coverage on shares of Everus Construction Group in a research report on Friday, January 23rd. They set a “neutral” rating and a $97.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $102.75.

Everus Construction Group Stock Down 5.2%

Everus Construction Group stock opened at $111.26 on Tuesday. The stock has a 50 day moving average of $106.58 and a two-hundred day moving average of $94.64. Everus Construction Group, Inc. has a twelve month low of $31.38 and a twelve month high of $137.64. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 28.24 and a beta of 3.24. The company has a current ratio of 1.76, a quick ratio of 1.70 and a debt-to-equity ratio of 0.42.

Everus Construction Group (NYSE:ECG) last released its earnings results on Tuesday, February 24th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.36. Everus Construction Group had a return on equity of 37.06% and a net margin of 5.39%.The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $879.57 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 33.0% compared to the same quarter last year. As a group, research analysts expect that Everus Construction Group, Inc. will post 2.49 earnings per share for the current year.

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.