Sei Investments Co. Acquires 38,647 Shares of Everus Construction Group, Inc. $ECG

Sei Investments Co. raised its holdings in shares of Everus Construction Group, Inc. (NYSE:ECG) by 27.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 181,374 shares of the company’s stock after buying an additional 38,647 shares during the period. Sei Investments Co.’s holdings in Everus Construction Group were worth $21,413,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of ECG. Parallel Advisors LLC lifted its stake in shares of Everus Construction Group by 6.7% in the 1st quarter. Parallel Advisors LLC now owns 1,200 shares of the company’s stock valued at $142,000 after acquiring an additional 75 shares during the last quarter. Root Financial Partners LLC grew its position in Everus Construction Group by 126.0% during the 1st quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock worth $26,000 after acquiring an additional 121 shares during the last quarter. Maryland State Retirement & Pension System grew its position in Everus Construction Group by 1.4% during the 4th quarter. Maryland State Retirement & Pension System now owns 10,379 shares of the company’s stock worth $888,000 after acquiring an additional 146 shares during the last quarter. DMKC Advisory Services LLC increased its stake in Everus Construction Group by 4.2% in the 4th quarter. DMKC Advisory Services LLC now owns 3,762 shares of the company’s stock worth $322,000 after purchasing an additional 150 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in Everus Construction Group by 105.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock worth $25,000 after purchasing an additional 198 shares during the period.

Wall Street Analysts Forecast Growth

ECG has been the subject of a number of analyst reports. Cantor Fitzgerald increased their price objective on Everus Construction Group from $115.00 to $174.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Weiss Ratings raised shares of Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Freedom Capital lowered shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Zacks Research raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th. Finally, Oppenheimer started 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 on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $155.67.

Everus Construction Group Stock Down 8.2%

Shares of Everus Construction Group stock opened at $117.12 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.71 and a debt-to-equity ratio of 0.38. The company’s fifty day simple moving average is $145.85 and its two-hundred day simple moving average is $127.30. The company has a market cap of $5.98 billion, a P/E ratio of 26.86 and a beta of 2.23. Everus Construction Group, Inc. has a 12-month low of $68.51 and a 12-month high of $171.58.

Everus Construction Group (NYSE:ECG) last posted its earnings results on Tuesday, May 5th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.81 by $0.33. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $933.81 million. Everus Construction Group had a net margin of 5.65% and a return on equity of 37.17%. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period last year, the company posted $0.72 EPS. 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.