First National Bank of Omaha Purchases New Stake in Everus Construction Group, Inc. $ECG

First National Bank of Omaha acquired a new position in shares of Everus Construction Group, Inc. (NYSE:ECG) during the second quarter, HoldingsChannel.com reports. The firm acquired 10,187 shares of the company’s stock, valued at approximately $1,631,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ECG. Meeder Asset Management Inc. acquired a new stake in shares of Everus Construction Group in the 2nd quarter worth $685,000. BlackRock Inc. purchased a new position in shares of Everus Construction Group during the 2nd quarter worth $1,094,243,000. Deutsche Bank AG acquired a new position in shares of Everus Construction Group during the 2nd quarter valued at about $27,186,000. Perigon Wealth Management LLC acquired a new position in shares of Everus Construction Group during the 2nd quarter valued at about $205,000. Finally, Trust Co. of Vermont purchased a new stake in shares of Everus Construction Group in the second quarter valued at about $77,000.

Insider Buying and Selling

In related news, VP Paul R. Sanderson sold 3,300 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $136.69, for a total transaction of $451,077.00. Following the completion of the transaction, the vice president owned 18,950 shares of the company’s stock, valued at approximately $2,590,275.50. This trade represents a 14.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David M. Sparby bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was bought at an average price of $144.95 per share, with a total value of $144,950.00. Following the acquisition, the director directly owned 19,658 shares in the company, valued at $2,849,427.10. The trade was a 5.36% increase in their position. The SEC filing for this purchase provides additional information. 0.33% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ECG. Stifel Nicolaus set a $172.00 price objective on shares of Everus Construction Group in a research report on Friday, May 8th. Cantor Fitzgerald decreased their target price on shares of Everus Construction Group from $174.00 to $152.00 and set a “neutral” rating on the stock in a report on Thursday, August 13th. Guggenheim increased their price target on shares of Everus Construction Group from $160.00 to $184.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Zacks Research downgraded shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Everus Construction Group in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Everus Construction Group currently has an average rating of “Moderate Buy” and a consensus target price of $158.50.

Everus Construction Group Stock Up 0.2%

Shares of ECG opened at $129.51 on Thursday. The firm has a market cap of $6.61 billion, a P/E ratio of 26.06 and a beta of 2.37. Everus Construction Group, Inc. has a 12-month low of $72.43 and a 12-month high of $171.58. The company’s 50-day moving average price is $140.72 and its 200 day moving average price is $132.13. The company has a current ratio of 1.59, a quick ratio of 1.53 and a debt-to-equity ratio of 0.34.

Everus Construction Group (NYSE:ECG) last posted its earnings results on Tuesday, August 4th. The company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.50. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Everus Construction Group had a net margin of 5.96% and a return on equity of 38.22%. Everus Construction Group’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.03 earnings per share. On average, sell-side analysts forecast that Everus Construction Group, Inc. will post 5.23 earnings per share 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.