De Lisle Partners LLP Has $31.42 Million Stock Position in Everus Construction Group, Inc. $ECG

De Lisle Partners LLP increased its position in shares of Everus Construction Group, Inc. (NYSE:ECG) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 367,430 shares of the company’s stock after buying an additional 5,000 shares during the period. Everus Construction Group accounts for 4.0% of De Lisle Partners LLP’s holdings, making the stock its 3rd biggest holding. De Lisle Partners LLP owned about 0.72% of Everus Construction Group worth $31,422,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ECG. Wasatch Advisors LP acquired a new stake in Everus Construction Group in the fourth quarter worth $184,838,000. Capital International Investors acquired a new stake in Everus Construction Group in the third quarter worth $165,993,000. Invesco Ltd. grew its holdings in Everus Construction Group by 86.4% in the third quarter. Invesco Ltd. now owns 1,795,730 shares of the company’s stock worth $153,984,000 after purchasing an additional 832,389 shares during the period. Alliancebernstein L.P. grew its holdings in Everus Construction Group by 5.7% in the second quarter. Alliancebernstein L.P. now owns 1,350,871 shares of the company’s stock worth $85,821,000 after purchasing an additional 72,775 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Everus Construction Group by 147,209.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,260,973 shares of the company’s stock worth $107,889,000 after purchasing an additional 1,260,117 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have commented on ECG. Oppenheimer began coverage on shares of Everus Construction Group in a report on Thursday, May 28th. They issued an “outperform” rating and a $185.00 price target for the company. Weiss Ratings upgraded shares of Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Stifel Nicolaus set a $172.00 price target on shares of Everus Construction Group in a report on Friday, May 8th. Freedom Capital cut shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Glj Research initiated coverage on shares of Everus Construction Group in a report on Monday, April 20th. They issued a “hold” rating and a $141.00 price target for the company. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Everus Construction Group has an average rating of “Hold” and a consensus target price of $155.67.

Everus Construction Group Stock Up 3.5%

Shares of NYSE ECG opened at $148.70 on Friday. The stock has a market capitalization of $7.59 billion, a P/E ratio of 34.11 and a beta of 2.32. The company has a 50-day moving average price of $143.71 and a 200-day moving average price of $114.92. Everus Construction Group, Inc. has a 1 year low of $58.00 and a 1 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.

Everus Construction Group (NYSE:ECG) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.33. Everus Construction Group had a net margin of 5.65% and a return on equity of 37.17%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $933.81 million. During the same period in the previous year, the company earned $0.72 earnings per share. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. On average, equities research analysts forecast that Everus Construction Group, Inc. will post 4.39 EPS for the current fiscal 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.