Marsico Capital Management LLC Buys 22,236 Shares of Everus Construction Group, Inc. $ECG

Marsico Capital Management LLC raised its stake in Everus Construction Group, Inc. (NYSE:ECG) by 71.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 53,142 shares of the company’s stock after acquiring an additional 22,236 shares during the period. Marsico Capital Management LLC’s holdings in Everus Construction Group were worth $4,547,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Nordea Investment Management AB bought a new stake in shares of Everus Construction Group in the 4th quarter valued at about $4,431,000. Capital International Investors bought a new stake in shares of Everus Construction Group in the 3rd quarter valued at about $165,993,000. Range Financial Group LLC bought a new stake in shares of Everus Construction Group in the 4th quarter valued at about $1,146,000. Steadtrust LLC bought a new stake in shares of Everus Construction Group in the 4th quarter valued at about $843,000. Finally, Public Sector Pension Investment Board grew its position in shares of Everus Construction Group by 14.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 198,991 shares of the company’s stock valued at $17,063,000 after buying an additional 25,140 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms have commented on ECG. Zacks Research lowered Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Cantor Fitzgerald upped their price target on Everus Construction Group from $115.00 to $174.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. DA Davidson reiterated a “neutral” rating and issued a $102.00 price target on shares of Everus Construction Group in a research report on Wednesday, February 25th. Weiss Ratings upgraded Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Finally, Oppenheimer assumed coverage on Everus Construction Group in a research report on Thursday, May 28th. They set an “outperform” rating and a $185.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Everus Construction Group currently has a consensus rating of “Hold” and a consensus price target of $155.67.

Everus Construction Group Stock Up 5.1%

Shares of Everus Construction Group stock opened at $143.63 on Friday. Everus Construction Group, Inc. has a one year low of $58.00 and a one year high of $171.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.77 and a quick ratio of 1.71. The stock’s 50-day moving average is $143.26 and its 200 day moving average is $114.68. The firm has a market cap of $7.33 billion, a price-to-earnings ratio of 32.94 and a beta of 2.32.

Everus Construction Group (NYSE:ECG) last announced its earnings results on Tuesday, May 5th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.81 by $0.33. Everus Construction Group had a return on equity of 37.17% and a net margin of 5.65%.The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $933.81 million. During the same quarter in the prior year, the company earned $0.72 EPS. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. Equities research analysts anticipate that Everus Construction Group, Inc. will post 4.39 EPS for the current year.

Everus Construction Group 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.