Kestra Investment Management LLC Acquires 12,482 Shares of Everus Construction Group, Inc. $ECG

Kestra Investment Management LLC bought a new position in shares of Everus Construction Group, Inc. (NYSE:ECG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 12,482 shares of the company’s stock, valued at approximately $1,467,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fulcrum Asset Management LLP acquired a new stake in shares of Everus Construction Group during the third quarter worth about $40,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Everus Construction Group by 14.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 214,511 shares of the company’s stock valued at $25,662,000 after purchasing an additional 27,249 shares during the period. StoneX Group Inc. acquired a new position in shares of Everus Construction Group in the third quarter valued at approximately $336,000. Alps Advisors Inc. grew its holdings in shares of Everus Construction Group by 23.2% in the third quarter. Alps Advisors Inc. now owns 20,048 shares of the company’s stock valued at $2,356,000 after purchasing an additional 3,770 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its holdings in shares of Everus Construction Group by 10.1% in the third quarter. Ashton Thomas Private Wealth LLC now owns 8,735 shares of the company’s stock valued at $1,027,000 after purchasing an additional 798 shares in the last quarter.

Insider Transactions at Everus Construction Group

In other news, Director David Sparby purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was bought at an average price of $144.95 per share, for a total transaction of $144,950.00. Following the completion of the purchase, the director directly owned 19,658 shares of the company’s stock, valued at $2,849,427.10. The trade was a 5.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.33% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ECG shares. Guggenheim increased their target price on shares of Everus Construction Group from $160.00 to $184.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Freedom Capital raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Oppenheimer dropped their price target on shares of Everus Construction Group from $200.00 to $170.00 and set an “outperform” rating for the company in a research note on Thursday, November 5th. Wall Street Zen upgraded shares of Everus Construction Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, DA Davidson assumed coverage on Everus Construction Group in a research report on Friday, August 21st. They set a “buy” rating and a $168.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Everus Construction Group currently has a consensus rating of “Moderate Buy” and an average price target of $154.17.

Everus Construction Group Stock Performance

Shares of ECG opened at $85.63 on Wednesday. The stock has a 50-day simple moving average of $110.27 and a 200-day simple moving average of $125.13. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.48 and a current ratio of 1.53. The stock has a market capitalization of $4.37 billion, a PE ratio of 15.16 and a beta of 2.36. Everus Construction Group, Inc. has a 1 year low of $70.44 and a 1 year high of $171.58.

Everus Construction Group (NYSE:ECG) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.48. Everus Construction Group had a return on equity of 39.18% and a net margin of 6.20%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the company posted $1.11 earnings per share. The business’s revenue for the quarter was up 40.3% on a year-over-year basis. On average, analysts predict that Everus Construction Group, Inc. will post 5.87 earnings per share for the current fiscal year.

Everus Construction Group Company Profile

Everus Construction Group provides construction services for commercial, industrial, institutional and utility customers. Its work includes electrical and mechanical construction, fire protection, and the building and maintenance of infrastructure for energy and utility systems. The company also performs utility and civil construction, including work on electric transmission and distribution lines, underground utilities, pipelines, water and sewer systems, and transportation-related infrastructure.