Everus Construction Group, Inc. $ECG Stock Holdings Increased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in shares of Everus Construction Group, Inc. (NYSE:ECG) by 58.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,374 shares of the company’s stock after buying an additional 13,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.07% of Everus Construction Group worth $4,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Everus Construction Group in the 2nd quarter valued at about $1,094,243,000. First Trust Advisors LP boosted its holdings in Everus Construction Group by 109.9% in the first quarter. First Trust Advisors LP now owns 1,280,916 shares of the company’s stock valued at $151,225,000 after purchasing an additional 670,646 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Everus Construction Group by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,105,056 shares of the company’s stock valued at $130,431,000 after purchasing an additional 10,760 shares in the last quarter. De Lisle Partners LLP acquired a new position in Everus Construction Group in the second quarter valued at approximately $59,936,000. Finally, Bank of New York Mellon Corp purchased a new position in Everus Construction Group in the second quarter valued at approximately $46,211,000.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ECG shares. Zacks Research cut shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Guggenheim upped their target price on shares of Everus Construction Group from $160.00 to $184.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Cantor Fitzgerald dropped 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 research report on Thursday, August 13th. DA Davidson assumed coverage on shares of Everus Construction Group in a research note on Friday, August 21st. They set a “buy” rating and a $168.00 price target on the stock. Finally, Oppenheimer reissued an “outperform” rating and issued a $200.00 price target on shares of Everus Construction Group in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $169.50.

Insiders Place Their Bets

In other Everus Construction Group news, Director David M. Sparby acquired 1,000 shares of the company’s stock in a transaction on Monday, August 17th. The shares were bought at an average cost of $144.95 per share, for a total transaction of $144,950.00. Following the completion of the purchase, the director owned 19,658 shares in the company, valued at $2,849,427.10. This trade represents a 5.36% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Paul R. Sanderson sold 3,300 shares of Everus Construction Group stock in a transaction 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 in the company, valued at approximately $2,590,275.50. This represents a 14.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.33% of the stock is owned by corporate insiders.

Everus Construction Group Price Performance

Shares of NYSE ECG opened at $102.07 on Monday. The stock has a market cap of $5.21 billion, a P/E ratio of 20.54 and a beta of 2.36. Everus Construction Group, Inc. has a twelve month low of $78.14 and a twelve month high of $171.58. The stock has a 50 day moving average of $114.73 and a two-hundred day moving average of $125.22. 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 announced its earnings results on Tuesday, August 4th. The company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.50. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.08 billion. Everus Construction Group had a net margin of 5.96% and a return on equity of 38.22%. The company’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period last year, the firm posted $1.03 earnings per share. On average, research analysts forecast that Everus Construction Group, Inc. will post 5.25 earnings per share for the current year.

Everus Construction Group Company Profile

Everus Construction Group, Inc (NYSE: ECG) is a U.S.-based infrastructure construction company that provides services to utilities, energy companies, industrial customers, commercial businesses and government entities. The company focuses on building, upgrading and maintaining essential infrastructure across the electric, natural gas, communications and industrial sectors.

Its services include the construction and maintenance of electric transmission and distribution systems, substations, renewable energy facilities, natural gas pipelines and underground utilities.