Clifford Capital Partners LLC Buys 47,566 Shares of Everus Construction Group, Inc. $ECG

Clifford Capital Partners LLC raised its stake in shares of Everus Construction Group, Inc. (NYSE:ECG) by 35.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 183,330 shares of the company’s stock after acquiring an additional 47,566 shares during the quarter. Everus Construction Group makes up 2.7% of Clifford Capital Partners LLC’s portfolio, making the stock its 24th largest holding. Clifford Capital Partners LLC owned about 0.36% of Everus Construction Group worth $15,686,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in shares of Everus Construction Group by 12.6% during the fourth quarter. GAMMA Investing LLC now owns 1,286 shares of the company’s stock valued at $110,000 after acquiring an additional 144 shares during the period. Maryland State Retirement & Pension System lifted its holdings in shares of Everus Construction Group by 1.4% during the fourth quarter. Maryland State Retirement & Pension System now owns 10,379 shares of the company’s stock valued at $888,000 after acquiring an additional 146 shares during the period. DMKC Advisory Services LLC lifted its holdings in shares of Everus Construction Group by 4.2% during the fourth quarter. DMKC Advisory Services LLC now owns 3,762 shares of the company’s stock valued at $322,000 after acquiring an additional 150 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Everus Construction Group by 105.3% during the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after acquiring an additional 198 shares during the period. Finally, Kestra Advisory Services LLC lifted its holdings in shares of Everus Construction Group by 5.6% during the fourth quarter. Kestra Advisory Services LLC now owns 4,292 shares of the company’s stock valued at $367,000 after acquiring an additional 226 shares during the period.

Everus Construction Group Price Performance

Shares of ECG stock opened at $154.23 on Thursday. The stock has a 50-day moving average price of $145.59 and a 200 day moving average price of $116.48. The company has a quick ratio of 1.71, a current ratio of 1.77 and a debt-to-equity ratio of 0.38. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 35.37 and a beta of 2.32. Everus Construction Group, Inc. has a 12 month low of $58.08 and a 12 month high of $171.58.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.33. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $933.81 million. Everus Construction Group had a return on equity of 37.17% and a net margin of 5.65%.The company’s revenue was up 25.4% on a year-over-year basis. During the same period last year, the company earned $0.72 earnings per share. Research analysts expect that Everus Construction Group, Inc. will post 4.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ECG. Cantor Fitzgerald lifted their price target on Everus Construction Group from $115.00 to $174.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Weiss Ratings raised Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Zacks Research raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Monday. Stifel Nicolaus set a $172.00 price target on Everus Construction Group in a report on Friday, May 8th. Finally, Glj Research began coverage on Everus Construction Group in a report on Monday, April 20th. They issued a “hold” rating and a $141.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $155.67.

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.